Β7: Decision Making and Risk Analysis

Β7: Decision Making and Risk Analysis

Lecturers: A. Protopapas, V. Papadopoulos.
Academic Credits: 3.

Description:
Decision making and risk analysis methodologies in systems characterized by uncertainty or fuzziness. Review of the theory of random variables. Hypothesis testing. Dynamic programming and optimal control: the linear-quadratic case. Decision theory by using given certain information and by assimilating successive observations. Decisions when the parameters of the distribution of the random variables are unknown. Reliability analysis of systems. Fuzzy decision theory, fuzzy expert systems and fuzzy linear programming.