IDS.333 | Fall 2021 | Graduate
IDS.333 Risk and Decision Analysis
Course Description
The course addresses a fundamental issue in system design and management, the need for engineering leaders to recognize uncertainty in the performance of their plans or designs. It presents discounted cash flow (DCF) Excel models, simulation, and decision analysis as primary ways to analyze possible outcomes of design …
The course addresses a fundamental issue in system design and management, the need for engineering leaders to recognize uncertainty in the performance of their plans or designs. It presents discounted cash flow (DCF) Excel models, simulation, and decision analysis as primary ways to analyze possible outcomes of design and management strategies. It also addresses how we should analyze possible performance outcomes and cope with risks in demand, requirements, cost, technology, etc.
Learning Resource Types
notes Lecture Notes
theaters Video Materials
co_present Instructor Insights
group_work Projects with Examples
assignment Media Assignments
grading Exams with Solutions
Two tower crane at a construction site
Engineering leaders need to recognize uncertainty when implementing system design and management. (Image courtesy of Elliott Brown on Flickr. License: CC BY-NC-SA.)