BUS 364 - Making Hard Decisions- Under Uncertainty and Risk, 3 credit hours

Prerequisite(s): MTH 105 & MTH 106; or MTH 279; or FNC 280
The course offers an overview of decision analysis under risk and uncertainty. It provides an understanding of modern decision analysis and risk management techniques at a level that can be easily understood by those without a strong math background. It will help a person think hard about the problem on hand especially if the outcome is influenced by future doubts. Decision analysis provides an overall paradigm and a set of tools to incorporate uncertainty in the decision-making process. Students will appreciate that the tools and techniques covered in the course can be used to represent real world problems and thus gain insight and understanding of the decision-making process in uncertain situations. This will help one manage risk; the end result will be a smart decision.