PETROENG 4027 - Adv Managerial Decision Making and Risk Analysis
| Career: |
Undergraduate |
| Units: |
3 |
| Term: |
Semester 1 |
| Campus: |
North Terrace |
| Contact: |
Intensive short course of integrated lectures and computer based examples |
| Restriction: |
students in specified programs only. Students should check academic rules of the program in which you are enrolling |
| Available for Non-Award Study: |
Yes |
| Incompatible: |
Cannot be taken in combination with PETROENG 4024, 7009 or 7049 |
| Assessment: |
Assignments, group discussions and exam |
| Syllabus: |
This course is a 3-unit alternative to PETROENG 4024, Decision Making and Risk Analysis. In addition to the material in 4024, it has more extensive coverage of Monte Carlo Simulation (modelling dependencies and using the @Risk Excel add-in) and Value of Information (3x3 "tree-flips" and sensitivity analysis). In addition, Utility Theory will be introduced as a means of rationally accounting for risk attitudes.
|
Course Fees
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Critical Dates
Class Details
| Enrolment Class: Lecture |
|---|
| 10784 |
LE01 |
15 |
2 |
11 Mar - 11 Mar |
Wednesday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 12 Mar - 12 Mar |
Thursday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 13 Mar - 13 Mar |
Friday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 16 Mar - 16 Mar |
Monday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 17 Mar - 17 Mar |
Tuesday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 7 May - 7 May |
Thursday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
| 8 May - 8 May |
Friday |
9AM - 5PM |
Petroleum Engineering, G04, Conference Room |
