Quantitative Analysis for
Managers
Decision Analysis
,Learning Objectives
Students will be able to:
– List the steps of the decision-making process
– Describe the types of decision-making environments
– Use probability values to make decisions under risk
– Make decisions under uncertainty, where there is risk
but probability values are not known
– Use computers to solve basic decision-making
problems
, Introduction
Decision theory is an analytical and
systematic way to tackle problems.
A good decision is based on logic.
Managers
Decision Analysis
,Learning Objectives
Students will be able to:
– List the steps of the decision-making process
– Describe the types of decision-making environments
– Use probability values to make decisions under risk
– Make decisions under uncertainty, where there is risk
but probability values are not known
– Use computers to solve basic decision-making
problems
, Introduction
Decision theory is an analytical and
systematic way to tackle problems.
A good decision is based on logic.
