School Of Quantitative Methods & Mathematical SciencesStochastic Decision TheoryWestern Sydney University Unit Code: 200043.1
Discipline: MATHEMATICS
Level: 2
Credit Points: 10
Prerequisite
200192 Statistics for Science OR 200032 Statistics for Business AND 200042 Introduction to Operations Research
About this Unit
This unit investigates models for making optimal decisions under conditions of uncertainty, and presents a number of relevant quantitative techniques. Topics covered include game theory, decision analysis, Markov chain models, queuing models, inventory models and Markov decision models.