GE 450
Decision Analysis I

Credit:  3 or 4 hours.


Examines rules of thought that will transform complex decision situations into simpler ones where the course of action is clear. Practical application of decision analysis in large organizations; methods to generate insights into real-life decision problems, avoid the common pitfalls in decision processes, and overcome the possible barriers to implementing a high-quality decision-making process for individual and organizational decision making; graphical representations of decision problems such as decision diagrams and utility diagrams. Prerequisite: GE 311 or IE 300.