ESD.710 Risk and Decision Analysis

Class Info

Focuses on design choices and decisions under uncertainty. Topics include identification and description of uncertainties using probability distributions; the calculation of commensurate measures of value, such as expected net present values; Monte Carlo simulation and risk analysis; and the use of decision analysis to explore alternative strategies and identify optimal initial choices. Applied analysis of practical examples from a variety of engineering systems using spreadsheet and decision analysis software.

This class has 1.145 as a prerequisite.

ESD.710 will not be offered this semester. It will be instructed by R. de Neufville.

This class counts for a total of 6 credits. This is a graduate-level class.

In the Fall 2013 Subject Evaluations, ESD.710 was rated 6.1 out of 7.0. You can find more information at the site.

MIT ESD.710 Risk and Decision Analysis Related Textbooks

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