Cost Estimation VI: Decision Analysis for Cost Estimators

Course #OS4013

Est.imated Completion Time: 3 months

POC: NPS Online Support

Overview

This course presents an introduction to the techniques of Decision analysis. Decision analysis techniques can be used to help decision makers solve complex decision problems involving sequential decisions, major uncertainties, imperfect information, varying degrees of risk, and often multiple competing or conflicting objectives. The course includes structuring decision with influence diagrams and decision trees, modeling uncertainty with subjective probabilities, sensitivity analysis, the value of information, and modeling risk attitudes using utility theory. A fundamental understanding probability and calculus is expected.

Included in degrees & certificates

  • 289
  • 379

Prerequisites

  • OS3080
  • OS3006
  • OS4702
Offerings database access
Asset Publisher

Academic Calendar

  •  06 Jun 2023

    Spring quarter pre-graduation awards ceremony

  •  09 Jun 2023

    Spring quarter last day of classes

  •  13 Jun 2023

    Spring quarter final examinations begin