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Dec 15, 2025
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ISE 5315 - Decision Theory
Introduction to decision theory and its applications are covered. Decision making under different circumstances are discussed. Fuzzy decision making is also briefly introduced. Single objective and multiple objectives cases are illustrated. Single person as well as multiple-person decision making is differentiated. Examples will be given from different applications such as inventory control, scheduling, system design, and economic analysis.
Requisites:
Credit Hours: 2
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 2.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes:
- Apply multiple objective decision making rules.
- Apply single objective decision making rules.
- Classify decision making cases as decision making under certainty, uncertainty and risk.
- Discuss group dynamics.
- Use group decision making approaches.
- Use single person decision making rules.
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