An-Najah Staff

Course Description:

This course is an introductory course in Decision Analysis(DA). It is intended to provide basic knowledge of the main elements involved in decision making, decision making under certainty , risk and uncertainty, decision trees and value of information, Bayesian approach, game theory and other relevant topics as time permits.

Course Objectives:

Students who successfully finish this course are expected to:

1. Recognize the different types of decision making situations.
2. Be able to apply a structured approach to making professional and managerial decisions.
3. Appreciate and evaluate the importance of information and modeling in decision making. 

Course Outlines:

• Elements of decision problems.
• Decision making under certainty.
• Decision making under risk.
• Decision making under uncertainty.
• Decision trees.
• Bayesian approach.
• Value of Information.
• Game theory.
• Other related topic as time permits.

Required Textbook and readings:

1. Goodwin, P. and G. Wright, “Decision Analysis for Management Judgment”, 3^rd Edition. Wiley, 2004.
2. Supplemental readings: some additional reading material will be distributed in the class.

 Other References:

Charles W. L. Hill, and Gareth R. Jones, “The Essentials of Strategic Management” , First Edition published by Houghton Mifflin, 2007.

Classroom Policy:

• Turn off your cell phone before you get inside the class room.
• Be on time and respect deadlines; late homework will not be accepted!  
• Participate: be ready and prepare well, that is the key to success!
• Avoid absence….Class attendance is a must.
• Avoid Make-up/incomplete exams!

Grading and Exams Policy:

First Exam                                                              20%                  

Second Exam                                                         20%                  

Homework, quizzes and participation              10%

Final Exam                                                             50%                  

Office Hours and class times: See the time table.