Session Decision 3 Uncertainty Interpret how uncertainty can be represented with probabilities Examine Expected Monetary Value as a decision tool Describe the concept and usefulness of utility functions Session Decision Models 4 Assess the benefits of decision trees as analytical structures Examine the stages required to simulation to a decision problem Recognize how net present value impacts decision analysis Session Decision 5 Assessment and Revision Assess how new information changes initial judgments Differentiate the heuristics used to
Session 3 Decision Uncertainty Interpret how uncertainty can be represented with probabilities Examine Expected Monetary Value as a decision tool Describe the concept and usefulness of utility functions Session 4 Decision Models Assess the benefits of decision trees as analytical structures Examine the stages required to simulation to a decision problem Recognize how net present value impacts decision analysis Session 5 Decision Assessment and Revision Assess how new information changes initial judgments Differentiate the heuristics used to
dsa_6300_-_decison_analysis_and_simulation.docx