SYEN 7314 - Multi-criteria Decision and Risk Analysis

Three credit hours.

The purpose of this course is to expose the student to a wide variety of techniques in handling Multi-criteria Decision Making (MCDM) problems. The emphasis will be placed on breadth rather than depth. The students will analyze an MCDM problem of their choice. S/he will work with the decision-maker(s) to define the problem (particularly the criteria with which s/he uses to measure `success,’) generate alternatives, capture the preference structure of the decision maker(s), and evaluate the alternatives, resulting in preferred courses of action. The student will get the opportunity to use Multi-attribute-decision-analysis and Multicriteria- optimization computer-software.

Prerequisites: SYEN 7313 or equivalent, or consent of the instructor.