Course ePortfolio

Risk Analysis and Decision Making

An overview of uncertainty and risk evaluation and decision making techniques.

None

Online

Upon completion of this course, students are expected to:

· identify elements of decision making process;

· explain how rational decisions are made by individuals and entities

· determine expected value of any case with multiple possible outcomes;

· explain what is a good decision making approach; and

· given data of an uncertain situation, conduct sensitivity analysis to examine risks and potential outcomes.

The overall grade in this course is computed according to the following schema:

Homework/Notebook/Projects/Reports ------------- 20%

Quizzes ----------------------------------------------- 30%

Mid-term --------------------------------------------- 25%

Final Exam -------------------------------------------- 25%

None