MIT Subject Listing & Schedule
Fall 2018 Search Results

Searched for: "ids.333"    Subjects offered any term

1 subject found.

IDS.333 Risk and Decision Analysis

(); first half of term
Prereq: None
Units: 3-0-3
Credit cannot also be received for 1.146, 16.861, IDS.332
Ends Oct 19. Lecture: TR10.30-12 (1-390)

Focuses on design choices and decisions under uncertainty. Topics include identification and description of uncertainties using probability distributions; the calculation of commensurate measures of value, such as expected net present values; Monte Carlo simulation and risk analysis; and the use of decision analysis to explore alternative strategies and identify optimal initial choices. Presents applied analysis of practical examples from a variety of engineering systems using spreadsheet and decision analysis software. Meets with IDS.332 first half of term.
R. de Neufville
Textbooks (Fall 2018)