Decision Making Under Risk

Description

Decision is a daily routine work of a person. However, when the effect of a decision is large it has to be well calculated. Most decision contain risk, how to make decision when facing some risk will be discussed in this course.

Objective

By the end of this training program, participants will:

• Understand the principles of decision-making under uncertainty and risk.
• Learn frameworks and tools for making sound decisions in uncertain and risky situations.
• Develop skills to analyze and mitigate risks in decision-making processes.
• Apply decision-making models and techniques to real-world business scenarios.

Course Structure

Decision Making Under Uncertainty

• Introduction to Decision Science
• Frameworks for Decision Making Under Uncertainty
• Practical Applications and Case Studies

Decision Making Under Risk

• Understanding Risk in Decision Making
• Techniques for Decision Making Under Risk
• Risk Mitigation Strategies

Participants

This course is suitable for:

• Employees aspiring to supervisory or managerial roles
• Current supervisors and managers seeking to improve decision-making skills
• Professionals involved in organizational decision-making processes