Live support chatDecision Making Environments
In Decision Making Environments, you'll learn ...
- The concept of decision analysis
- Construction of the decision evaluation matrix
- The three broad classifications of decisions
Overview
Preview a portion of this course before purchasing it.
Credit: 2 PDH
Length: 28 pages
The field of decision making is wide and vast. A number of methods are available to make decisions in these environments and are presented in this course. Some methods have inherent biases and address the optimism or pessimism of the decision-maker in the decision-making process. Other methods may be used when there is little certainty of the decision information and are made explicitly with this knowledge. Methods can best be chosen when the decision environment is explicitly recognized.
There are many different decision environments, availability of information, methods and tools, and opportunities to apply structured decision making to real-world applications. This course will introduce you to decision analysis, various decision-making environments, and methods that can be used to evaluate decisions given the information available and level of certainty associated with this information. The course will focus on describing decision analysis, defining the decision evaluation matrix that can be used to assess alternative decisions, discuss the decision-making environments of certainty, risk, and uncertainty and discuss some helpful hints in practical decision making.
Specific Knowledge or Skill Obtained
This course teaches the following specific knowledge and skills:
- The decision evaluation matrix that can be used to assess alternative decisions
- Methods for decision-making under uncertainty
- Methods for decision-making under risk
- Practical decision-making tools and concepts
Certificate of Completion
You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.
| This course is applicable to professional engineers in: | ||
| Alabama (P.E.) | Alaska (P.E.) | Arkansas (P.E.) |
| Delaware (P.E.) | District of Columbia (P.E.) | Florida (P.E. Area of Practice) |
| Georgia (P.E.) | Idaho (P.E.) | Illinois (P.E.) |
| Illinois (S.E.) | Indiana (P.E.) | Iowa (P.E.) |
| Kansas (P.E.) | Kentucky (P.E.) | Louisiana (P.E.) |
| Maine (P.E.) | Maryland (P.E.) | Michigan (P.E.) |
| Minnesota (P.E.) | Mississippi (P.E.) | Missouri (P.E.) |
| Montana (P.E.) | Nebraska (P.E.) | Nevada (P.E.) |
| New Hampshire (P.E.) | New Jersey (P.E.) | New Mexico (P.E.) |
| New York (P.E.) | North Carolina (P.E.) | North Dakota (P.E.) |
| Ohio (P.E. Self-Paced) | Oklahoma (P.E.) | Oregon (P.E.) |
| Pennsylvania (P.E.) | South Carolina (P.E.) | South Dakota (P.E.) |
| Tennessee (P.E.) | Texas (P.E.) | Utah (P.E.) |
| Vermont (P.E.) | Virginia (P.E.) | West Virginia (P.E.) |
| Wisconsin (P.E.) | Wyoming (P.E.) | |
Preview a portion of this course before purchasing it.
Credit: 2 PDH
Length: 28 pages
