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EM 645 Decision and Risk Analysis

In this EM 645 Decision and Risk Analysis course, students will gain knowledge in the decision-making process. The emphasis will be on quantitative and qualitative tools, which will cover the following topics: Introduction to decision analysis, elements of questions for decision making, decision making, selection, sensitivity analysis and the use of decision analysis in an organization.

Most of us have never learned to make the right decisions. As we learned in this EM 645 Decision and Risk Analysis course, the main reason for this seems to be an unfounded belief that we are naturally good at making decisions. After all, we do this every day. However, research in the vast majority of cases shows that even in simple situations; people are prone to many mistakes when making decisions. This problem becomes more common when we have to make decisions under uncertain circumstances. In this course, we will discuss how to best make decisions in your personal and professional life.

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