Volgenau School of Engineering
George Mason University
George Mason University Mason
George Mason University

SYST 473: Decision and Risk Analysis

Course Information from University Catalog

Limited to 2 Attempts


Studies analytic techniques for rational decision making that address uncertainty, conflicting objectives, and risk attitudes. Covers modeling uncertainty; rational decision making principles; representing decision problems with value trees, decision trees, and influence diagrams; solving value hierarchies, decision trees and influence diagrams; defining and calculating the value of information; incorporating risk attitudes into the analysis; and conducting sensitivity analyses.

Hours of Lecture or Seminar per week: 3

Credits: 3

Prerequisites:

STAT 344 or STAT 346 or MATH 351 or grade of C or better in STAT 250

1 Course Sections Scheduled for Fall 2017

1 Course Sections Scheduled for Fall 2016