EECO-5221 Risk and Uncertainty
This subject is a complement to the financial appraisal and introduces basic concepts of the Decision Making Theory. Information management (IM) tools that support and render easier the job should be considered. Some of the topics to deal with could be: Laplace Principle, Maximin, Maximax, Hurwick Principle, Minimax Rule of the Opportunity Cost, Decision Making Trees, Bayes Theorem, Expected Values, Influence Diagrams, Relevant Factors and Hierarchic Analytic Processes.
Catalog page for this course