Academic Catalog

MS513 DECISION ANALYSIS

Course Code:	9030513
METU Credit (Theoretical-Laboratory hours/week):	3(3-0)
ECTS Credit:	8.0
Department:	Modelling And Simulation
Language of Instruction:	English
Level of Study:	Graduate
Course Coordinator:
Offered Semester:	Spring Semesters.

Course Content

Decision making under uncertainty. Maximizing expected monetary value. Maximizing expected utility. Judgmental probabilities. Value of information. Normal form of analysis. Risk sharing.