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Course ePortfolio

Risk Analysis and Decision Making

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


Pedagogical Approach


Learning Outcomes

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%

Other Information