Business Analytics 2

Monte Carlo simulation, decision trees, value of information, expected utility theory, risk attitudes, stochastic dominance, risk measures, multi-attribute utility/value theory, modelling uncertainties and multiple objectives in optimization problems.
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Schedule:

Teaching time:

Daytime

Location:

Espoo

Topic:

Leadership and strategy

Form of learning:

On-campus

Provider:

Aalto University Open University

Level:

Advanced

Credits:

6 By Aalto University (ECTS)

Fee:

€ 90.00

Course description

Management Science deals with the use of analytical models to help make better business decisions. This course focuses on models for supporting decision making under uncertainty, risk and multiple objectives. After the course the student can (i) recognize the types of real-life business problems where use of the models brings added value, (ii) interpret results of these models to derive defensible decision recommendations, and (iii) build and solve these models using a computer to support business decision making.

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