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IE 405 Decision Analysis
Introduction to the theory and practice of decision processes under risk; use of decision trees and influence diagrams in solving decision-making problems; assessing subjective probabilities in modeling uncertainty; Bayes' theorem; value of information; attitudes towards risk; utility theory; multi criteria decision making; analytic hierarchy process; auctions.
SU Credits : 3.000
ECTS Credit : 6.000
Prerequisite : -
Corequisite :