Dr. Thomas Whalen |
voice 404-651-4080
fax 404-651-3498
email 8350[at]whalens[dot]org |
| Texts: | The main "textbook" is the website www.gsu.edu/~dscthw/8350/03sched.htm |
| The secondary text (not in the bookstore) is
Cases in Management Science by L. Lapin & W. Whisler |
| Grading: | 30% Midterm (Individual)
30% Final (individual) 30% Project (Individual or in a team of TWO) 10% Class Participation, Homework, Pop Quizzes |
| Project: | Plan A: Use one of the decision analysis or game theory cases from Cases in Management Science as a springboard to show off what you have learned. A correct and complete solution to the probalem as stated earns a C+; higher grades are earned if you add to the problem in order to demonstrate addtional issues that can arise and solutions that can be applied. Be creative |
| Plan B: Same as plan A, but using a problem you're interested in instead of one of cases fromCases in Management Science. |
In this course you will learn concepts and techniques to help balance
the uncertain costs and benefits of competing alternatives. You will
learn to deal with environments ranging from well-defined probabilities
of monetary profits and losses at one extreme to purely qualitative possibilities
at the other. However, most practical decision making occurs in the
fuzzy area between these two extremes, so that is where we shall place
our primary emphasis.
Specific techniques we will cover include:
| Bayesian Subjective Probability |
| Von Neumann-Morgenstern Utility Measures |
| Ordinal Probability & Utility |
| Computing With Words |
| Belief & Plausibility |