Strategic Decision Making

Strategy

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

Objective

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.

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

Paul Damien, Ph.D., Professor, Department of Information, Risk, and Operations Management
Jim Dyer, Ph.D., Professor, Department of Information, Risk, and Operations Management

Course Details

Price: $2,950.00

Strategic Decision Making

Date
Duration
Location
Instructor

09/23/15 - 09/24/15

W 8:30 a.m. - Th 4:30 p.m.

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

James Dyer
Paul Damien