Decision Analysis I
The course introduces you to decision analysis in theory and practice.
It provides classical decision theory as well as modern extensions. It teaches you how to generate and handle basic decision parameters, and how to model and evaluate decision problems with one or several criteria.
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Course structure
The course covers the following parts:
- classical decision theory with preference models and value functions,
- decision modelling with decision trees and influence diagrams for decision problems under risk,
- probability theory and subjective probabilities, uncertainty regarding outcomes and probability values,
- sensitivity analysis and interval analysis,
- utility theory and risk attitudes,
- decisions with multiple objectives, conflicting objectives and multiple criteria and
- elicitation methods for values, utilities, probabilities and weights.
Teaching format
The teaching activities consist of lectures, lessions and tutoring.
The language of instruction is English.Assessment
The course is examined through:
- on-campus written exam and
- assignments.
Examiner
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Schedule
The schedule will be available no later than one month before the start of the course. We do not recommend print-outs as changes can occur. At the start of the course, your department will advise where you can find your schedule during the course. -
Course literature
Note that the course literature can be changed up to two months before the start of the course.
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Contact
This course is part of a programme and is not available for application as a stand-alone course.
Find more information about Master’s programmes here
Study counsellors - master
- Visiting address
Nod Buildning, Borgarfjordsgatan 12, Kista
- Office hours
Please contact us via email if you want to book a meeting. We are available on Campus in Kista and via Zoom.
- Phone hours
Thursday 12.30–2 pm
- Irregular office hours
Last phone hours for VT24 on May 30.
First phone hours for HT24 on August 15.
Extra phone hours on Monday, August 26, 12.30 to 2pm
One additional drop-in reception on level 1 (the balcony) on Tuesday 27 August 10am to 11am.
No phone hours on August 29.
