Courses / Management Science and Engineering / 3 units / MS&E 52: Introduction to Decision Making
 

Introduction to Decision Making

MS&E 52
3 units
June 26 - August 19, 2017
Section 1   M, W  4:30PM - 5:50PM

How to ensure focus, discipline, and passion when making important decisions. Comprehensive examples illustrate Decision Analysis fundamentals. Consulting case studies highlight practical solutions for real decisions. Student teams present insights from their analyses of decisions for current organizations. Topics: declaring when and how to make a decision, framing and structuring the decision basis, defining values and preferences, creating alternative strategies, assessing unbiased probabilistic judgments, developing appropriate risk/reward and portfolio models, evaluating doable strategies across the range of uncertain future scenarios, analyzing relevant sensitivities, determining the value of additional information, and addressing the qualitative aspects of communication and commitment to implementation. Not intended for MS&E majors.

Prerequisite

None

Notes

Syllabus

MS&E 52 Syllabus - 2014