Decision Analysis for Sustainable Systems

3 credits · Graduate Programs

Theory and application of decision-making approaches and tools for engineering decisions with environmental, social, and economic dimensions, including qualitative and quantitative elements. Treatment and effective communication of uncertainty, evaluation of trade-offs, and incorporation of industry, government and community perspectives are a focus. Evaluation of both public and private decisions are considered. Topics covered include problem formulation, decision trees, value of information, utility functions, cost-benefit analysis, multi-criteria decision-making and game theory.