Jul 02, 2024
OHIO University Undergraduate Catalog 2023-2024
OHIO University Undergraduate Catalog 2023-2024
[Archived Catalog]
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ISE 4315 - Decision Theory
Introduction to decision theory and its applications are covered. Decision making under different circumstances are discussed. Fuzzy decision making is also briefly introduced. Single objective and multiple objectives cases are illustrated. Single person as well as multiple-person decision making is differentiated. Examples will be given from different applications such as inventory control, scheduling, system design, and economic analysis.
Requisites: ISE 3200 or ET 2450 or MATH 2500
Credit Hours: 2
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 2.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
- Students will be able to distinguish approaches to making decision with certainty, uncertainty and risk.
- Students will be able to explain group dynamics.
- Students will be able to apply single and multiple objective decision rules.
- Students will be able to apply single person and group decision processes.
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