Decision Analysis I credit: 3 or

4 Hours

Rules of thought that transform complex decision situations into simpler ones where the course of action is clear. Practical application of decision analysis in large organizations; methods to generate insights into real-life decision problems, avoid the common pitfalls in decision processes, and overcome the possible barriers to implementing a high-quality decision-making process for individual and organizational decision making; graphical representations of decision problems such as decision diagrams and utility diagrams. 3 or 4 undergraduate hours. 3 or 4 graduate hours. Prerequisite: IE 300 .