We are often faced with situations where we need to make decisions that have implications for personal and institutional goals. When there is uncertainty involved, we could either go with our gut feeling or take an analytical approach by characterizing the uncertainty, defining an objective, and evaluating the risk/payoffs of choices. This course is about the latter and is presented through the usage of example problem instances.
INTENDED AUDIENCE : Any Interested Learners
PREREQUISITES : Undergraduate course in probability (including topics on random variables and expected value); calculus and algebra
INDUSTRY SUPPORT : Most industries would find this useful (examples in course are in retail, supply chain and hospitality)