CEE 5980 - Introduction to Decision Analysis

(CU-SBY)

Fall. 3 credits. Letter grades only.

Prerequisite: introduction to probability and statistics course such as CEE 3040, ENGRD 2700, ILRST 2100, BTRY 3010, or AEM 2100. Enrollment limited to: seniors and graduate students; or permission of instructor.

P. M. Reed.

Framework to structure the way we think about decision situations that are complicated by uncertainty, complexity, and competing objectives. Specific decision analysis concepts and tools, such as decision trees, sensitivity analysis, value of information, and utility theory. Applications to all areas of engineering and life. Includes a group project to analyze a real-world decision.