ESD.710 Risk and Decision Analysis
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 http://www.google.com/search?&q=MIT+%2B+ESD.710&btnG=Google+Search&inurl=https site.
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