ALC3191 - Decision Analysis: Tools

Course CodeALC3191
Course TitleDecision Analysis: Tools
DescriptionThis course is designed for structured decision making practitioners who want to develop their their analytical skills by gaining a greater practical understanding of the most common quantitative methods. It builds on the fundamental principles taught in “Introduction to Structured Decision Making” (ALC 3171), focuses on how to support the “CT” steps of the “PrOACT” process, and is a companion advanced course to “Decision Analysis: Elicitation & Facilitation” (ALC 3190). Course content includes: decision trees and utility theory; multi-criteria decision analysis, including eliciting objective weights and dealing with conditional dependence; expected value of information; and analysis of portfolio problems. The course has a substantial hands-on component—every concept is accompanied with guided exercises. Students will also be called upon to apply some of the course concepts to a decision problem in their job context. Background readings will be required in preparation for the course. This course and the entire NCTC SDM curriculum were developed in partnership with USGS.

Objectives: At the conclusion of this course, participants should be able to:

• Identify several common classes of decision problem
• Analyze decision tress
• Elicit and apply utility function to reflect decision-makers’ risk tolerance
• Implement multicriteria decision analyses, using the SMART method
• Elicit weights on objectives using a variety of alternative methods, including consideration of global vs. local scales for weights
• Help a group of experts identify and articulate critical uncertainty
• Calculate the expected value of information
• Analyze portfolio problems

Delivery MethodInstructor Led
Non-FWS Fee$995.00
Instructional Hours36
Course Content ContactAshley Fortune-Isham:; (304) 876-7361;
Curriculum CategoryDecision Analysis
Course FrequencyEvery other year
Registration LinkRegister
College Credit NameSemester Hours
College Credit Value2
Extracted from DOI LEARN on12/13/2018 3:30:19 AM

Schedule:  ALC3191 - Decision Analysis: Tools

StartEndLocationSession Contact
4/8/2019 4/12/2019 National Conservation Training Center (NCTC) Brenda Hooper,
(304) 876-7449