IV2033 Decision and Risk Analysis 7.5 credits
This course has been discontinued.
Last planned examination: Spring 2000
Decision to discontinue this course:
No information inserted
Content and learning outcomes
Course contents
The course consists of six parts.
Part 1: Decision trees
Part 2: Influence diagrams
Part 3: Sensitivity analysis
Part 4: Representation of uncertainty
Part 5: Value of information
Part 6: Multi criteria problems
Intended learning outcomes
The overall aim with the course is to give basic knowledge on applied decision theory and decision analysis, skills to structure and evaluate decision problems, and ability to analyse and judge different solutions.
After course completion, the student should be able to
- describe and handle different risk and decision theoretic concepts and models
- model and evaluate simple decision problems
- handle problems with multiple criteria
- elicit and handle model parameters
at a basic level. Further, the student should fulfil at least two of the above goals at a higher level.
Literature and preparations
Specific prerequisites
Basic prerequisites at master's level (bachelor's degree).
Recommended prerequisites
Equipment
Literature
Preliminary:
Robert T. Clemen: Making Hard Decisions: An Introduction to Decision Analysis (Upplaga: 2nd edition), Duxbury, 1996
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
Examination
- INL1 - Assignment, 3.0 credits, grading scale: P, F
- SEM1 - Seminars, 1.5 credits, grading scale: P, F
- TEN1 - Examination, 3.0 credits, grading scale: A, B, C, D, E, FX, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
The course examination consists of three parts: assignments, seminars and written exam
Other requirements for final grade
The student needs to pass all three parts of examination, i.e., assignments, seminars and the written exam.
Final course grade is based on the grade of the written exam.
Opportunity to complete the requirements via supplementary examination
Opportunity to raise an approved grade via renewed examination
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information
Course room in Canvas
Offered by
Main field of study
Education cycle
Add-on studies
Contact
Supplementary information
http://www.dsv.su.se/~mad/IB7180