DECISION AND RISK ANALYSIS (ΠΠΒΑΑ03)
Course Content (Syllabus): Probability Theory: Probabilities, Probability distributions, Random variables and distributions.
Decision Theory: Simple and Complex Decisions, Decision matrix, Decision Trees, Single criteron and Multicriteria Decision Making
Utility Theory: Definition, Utility functions, Application and properties of utility functions.
Risk analysis: Definitions and Context, Qualitative analysis of risks, Reliability theory, Systems’ reliability, Unertainty analysis
Case Studies
Keywords: Risk analysis, Decision theory Decision making, Graph theory