MIT IDS.333 Risk and Decision Analysis, Fall 2021
4.0
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40 learners
What you'll learn
This course includes
- 5.5 hours of video
- Certificate of completion
- Access on mobile and TV
Course content
1 modules • 45 lessons • 5.5 hours of video
MIT IDS.333 Risk and Decision Analysis, Fall 2021
45 lessons
• 5.5 hours
MIT IDS.333 Risk and Decision Analysis, Fall 2021
45 lessons
• 5.5 hours
- Unit 2: the Forecast is always wrong, Video 1: Cost Estimates 09:54
- Unit 2: The Forecast is ‘Always’ wrong, Video 2: Demand Forecasts 09:51
- Unit 2: The Forecast is Always wrong, Video 3: Porcupine Graphs 08:09
- Unit 2: The Forecast is "Always" wrong, Video 4: Common Forecasting Process Inherently Flawed 04:48
- Unit 2: The Forecast is Always wrong, Video 5: Flaw of Averages 1-the Concept 04:40
- Unit 2: The Forecast is Always wrong, Video 6: Flaw of Averages 2-the Consequences 04:58
- Unit 4: Parking Garage Case Example, Video 1: Introduction 03:13
- Unit 4: Parking Garage Case Example, Video 2: Logic of Analysis 05:11
- Unit 4: Parking Garage Case Example, Video 3: Recognizing Uncertainty, Simulation 06:15
- Unit 4: Parking Garage Case Example, Video 4: Adding Flexibility 08:14
- Unit 4: Parking Garage Case Example, Video 5: Design to Manage Uncertainties 05:25
- Unit 4: Parking Garage Case Example, Video 6: Flexibility is Win-Win 04:20
- Unit 5: Mechanics of Simulation, Video 1: Concept—What Is Needed 10:40
- Unit 5: Mechanics of Simulation, Video 2: Recommended Process 06:58
- Unit 5: Mechanics of Simulation, Video 3: Outcomes and Target Curves 09:13
- Unit 5: Mechanics of Simulation, Video 4: Decision Rules and Unit Closure 08:00
- Unit 5: Mechanics of Simulation, Video 5: Physical Situation 04:39
- Unit 5: Mechanics of Simulation, Video 6: Simulation and Value Flexibility "on" Project 09:33
- Unit 5: Mechanics of Simulation, Video 7: Value of Flex "in" Project 01:51
- Unit 7: Drivers of Flexibility, Video 1: Five Main Drivers—Uncertainty is Most Important 07:57
- Unit 7: Drivers of Flexibility, Video 2: Economies of Scale 11:40
- Unit 7: Drivers of Flexibility, Video 3: Discount rate and Learning Promote 10:31
- Unit 7: Drivers of Flexibility, Video 4: Balancing Overall Effect of Drivers 12:23
- Unit 8: Decision Analysis 1, Video 1: Advantages 08:59
- Unit 8: Decision Analysis 2, Video 2: Decision Trees 08:00
- Unit 8: Decision Analysis 3, Video 3: Constructing Trees 06:34
- Unit 8: Decision Analysis 4, Video 4: Multistage Analysis 07:27
- Unit 8: Decision Analysis 5 Video 5: Retrospective Overview 06:04
- Unit 9: Value of Information, Video 1: Concept of Test 08:23
- Unit 9: Value of Information, Video 2: Value of Test 06:23
- Unit 9: Value of Information, Video 3: Expected Value of Sample Information 05:48
- Unit 9: Value of Information, Video 4: Expected Value of Perfect Information 11:44
- Unit 9: Value of Information 5, Video 5: Is Test Worthwhile? 06:08
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 1: Is Optimization Possible? 07:54
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 2: Diminishing Marginal Utility 08:51
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 3: Conditions for Value Function 09:43
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 4: Consequences 04:14
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 5: There's No Valid Group Utility 05:33
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 6: Dominated Solutions 08:01
- Unit 10: Utility Analysis and Multidimensional Evaluation, Video 7: Robustness and Take-aways 07:11
- Unit 11: De-Salt and LNG Cases, Video 1: De-Salt Plant Australia 12:47
- Unit 11: LNG Case 1, Video 2: Introduction 12:37
- Unit 11: LNG Case 2, Video 3: Initial Analysis 14:24
- Unit 11: LNG Case 3, Video 4: Learning effects 08:40
- Unit 11: LNG Case 4, Video 5: Final Analysis 05:29
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