IIND-4403 Decision Theory

The course offers appropriate methodologies to analyze and solve problems related to uncertain decisions, and emphasizes on the importance of using structured methodologies and appropriate tools to support the rational decision-making process in organizations. Topics addressed include structured methodologies for the analysis of decision-making problems, models and basic tools for decision analysis: benefits matrix, probability trees and influence diagrams, utility theory: classification of a decision-maker with respect to his attitude towards risk: utility function, risk premium and risk aversion function, basic Bayesian statistic elements and hierarchical analytic process: introduction to the games theory.




Castillo Hernandez Mario