Class Uncertainty, Risk and Decision Aiding

This curricular unit aims to deepen students' knowledge of models, processes and tools to support decision-makers. Such support will focus in structuring and exploring decisions characterized by the complexity of their context, multiple objectives, uncertainty, risk, and differences of opinion. More specifically, students will learn to: structure complex decision problems, in public or private context, and break them down into manageable parts; integrate goals and preferences of different decision-makers into the decision support model by eliciting their subjective preferences. include uncertainty and risk in decision support models and to test their assumptions; analyze real examples of decision analysis applications with uncertainty and risk; select and use decision support tools.