IDS.333 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. Presents applied analysis of practical examples from a variety of engineering systems using spreadsheet and decision analysis software. Meets with IDS.332 first half of term.

This class has no prerequisites.

IDS.333 will not be offered this semester. It will be available in the Fall semester, and will be instructed by R. de Neufville.

Lecture occurs 10:30 AM to 12:00 PM on Tuesdays and Thursdays in 1-390.

This class counts for a total of 6 credits.

You can find more information at the MIT Subject Listing & Schedule Fall 2017 Search Results site or on the IDS.333 Stellar site.

Required Textbooks
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MIT IDS.333 Risk and Decision Analysis Related Textbooks
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