Strategic Decision Making

Strategy

Examine tools for modeling decisions involving risk and uncertainty to analyze various problems and make better decisions.

Overview Benefits Topics Special Features Additional Information Faculty Sessions


Overview

Uncertainty and complexity make many decisions difficult, especially those involving R&D projects, new products and new ventures. This class introduces decision and risk analysis – the systematic evaluation of decision problems involving uncertainty. Decision and risk analysis breaks decision problems down into more manageable parts and explicitly considers the possible alternatives, available information, and the relevant preferences of the decision makers. The class will discuss methods for structuring and modeling decision problems and apply these methods to a variety of problems that involve risk and uncertainty.

Strategy

Develop the skills and strategies to make high-level decisions and to execute with confidence company-wide.

Two-Day Concentrated Program

Registration begins at 8:00 a.m. and class runs 8:30 – 4:30 both days with a one-hour networking lunch included.

Austin, Texas

Enjoy proximity to the vibrancy of the campus and downtown Austin, and the innovative, business-friendly environment of the city.


Benefits

  • Understand the basic tools available for structuring problems involving risk and uncertainty
  • Develop the ability to break down problems for analysis
  • Examine methods for structuring and modeling decision problems, and apply these methods to a variety of problems that involve risk and uncertainty
  • Define alternatives for project execution

Topics

  • Computer-based risk management
  • Qualitative risk metrics and their implementation
  • Managing risks by creating options
  • Managing risks by obtaining information

Special Features

  • To enhance program learning participants will receive a complimentary copy of “Why Can’t You Just Give Me The Number? An Executive’s Guide to Using Probabilistic Thinking to Manage Risk and to Make Better Decisions,” by Patrick Leach.

Additional Information

Prerequisites: None
CEUs: Participants earn 1.4 CEUs and/or 14 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.
Course Credits: 1.00


Faculty

Paul Damien

Paul Damien is the B.M. Rankin Jr. Professor of Business in the IROM department at McCombs School of Business. His research interests lie at the intersection of mathematics, Bayesian statistics, and applications in business, engineering, and stochastic optimization.

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James Dyer

Dr. James S. Dyer holds the Fondren Centennial Chair in Business in the McCombs School of Business.. He served as chair of the Department of Information, Risk, and Operations Management for nine years (1988-97).

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"Both instructors, Professors Damien and Dyer, were truly excellent. The accommodations and food were outstanding -- what a great environment and experience!"

-Joseph Bonnet III

Director Joint Training and Exercises, Norad US North Com

Course Details

Price: $2,950.00

Strategic Decision Making

Date
Duration
Location
Instructor

09/23/15 - 09/24/15

2-Days

AT&T Executive Education & Conference Center 1900 University Avenue Austin, TX 78705

James Dyer
Paul Damien