ITT Technical Institute-Tallahassee Classifieds>ITT Technical Institute-Tallahassee Online Courses>Decision Making Under Uncertainty: Introduction to Structured Expert Judgment

Decision Making Under Uncertainty: Introduction to Structured Expert Judgment

About this Course

In an increasingly data-driven world, data and its use aren't always all it's cracked up to be. This course aims to explain how expert opinion can help in many areas where complex decisions need to be made. For instance, how can you predict volcano activity when no eruptions have been recorded over a long period of time? Or how can you predict how many people will be resistant to antibiotics in a country where there is no available data at national level? Or how about estimating the time needed to evacuate people in flood risk areas? In situations like these, expert opinions are needed to address complex decision-making problems. This course will show you the basics of various techniques that use expert opinion for uncertainty quantification. These techniques vary from the informal and undocumented opinion of one expert to a fully documented and formal elicitation of a panel of experts, such as the Classical Model (CM) or Cooke's method, which is arguably the most rigorous method for performing Structured Expert Judgment. CM, developed at TU Delft by Roger Cooke, has been successfully applied for over 30 years in areas as diverse as climate change, disaster management, epidemiology, public and global health, ecology, aeronautics/aerospace, nuclear safety, environment and ecology, engineering and many others.

Created by: Delft University of Technology

Level: Introductory


Related Online Courses

Learn how to design effective strategy processes and to spot fundamental market and technology changes in your industry. This foundational course enables you to analyze shifting industry structures... more
Developed through a collaboration between HarvardX and the Institute for Healthcare Improvement, PH 556x: Practical Improvement Science in Health Care: A roadmap for getting results will provide... more
Family Businesses are a dominant form of business across the globe and play a crucial role in the economic growth of a nation. However, managing a family business comes with its own unique set of... more
This course is part of the edX Professional Certificate program Certified Supply Chain Analyst (CSCA), offered by ISCEA. This course prepares you for the ISCEA Certified Supply Chain Analyst (CSCA)... more
In this business and management course, we will analyze contemporary issues in the management of human capital in the hotel and tourism industry, within both macro- and micro-perspectives. You will... more

CONTINUE SEARCH

FOLLOW COLLEGE PARENT CENTRAL