Part A-
Based on the course design, and learning objectives. Please share your comments, concerns, frustrations, and highlights.
- Did the course meet your expectations? Yes
- How was the workload? The work overload was perfect.
- Do you feel you will apply some of the concepts learned in the course (if so, which ones) Yes in time.
Part B
Based on your Module topics, what did you find new and interesting? And what appeared to be a review? Also, identify at least one discussion post you found interesting, helpful, or beneficial (and why).
Topics covered in this module
- Problem formulation
- Decision analysis without probabilities
- Decision analysis with probabilities
- Decision analysis with sample information
- Computing branch probabilities with Bayes’ Theorem
- Utility theory
Learning Objectives
By the end of this module, students should be able to:
- Explain payoff tables and decision trees
- Identify different approaches: optimistic, conservative and minimax regret
- Discuss sensitivity and risk analysis
- Identify decision strategy
- Compute branch probabilities with Bayes’ Theorem
- Explain utility theory