IS 435 - Risk Analysis and Decision Technology

Decision technology to support management for an organization is the main topic of this course. Particular attention will be paid to situations involving risk and uncertainty. This course provides an overview of decision analysis, optimization modeling, and simulation modeling. Topics include risk assessment, project risk, control measures, structuring decisions, complex decision making, feasibility analysis of alternatives, sensitivity analysis, modeling uncertainty, value of information, modeling preferences, risk attitudes, conflicting objectives, and decision technologies. The purpose is to be able to represent real-world problems using models to gain qualitative insight through quantitative analysis. A broad spectrum of applications and decision problems will be addressed and the most practical analytics useful in developing strategies and plans will be explored.
Lecture
Credits: 3
Prerequisites: BUS 150 and BUS 210
Not Liberal Arts
Offered When Needed