decision theory course
This course equips managers with decision theory essentials to handle uncertainty effectively. Participants learn to create payoff matrices, evaluate risks using EMV and utility functions, derive probabilities from market data, model profits from pricing and capacity, and deliver precise strategic recommendations that weigh potential gains against risks, fostering confident leadership in Zambia's dynamic business landscape.

from 4 to 360h flexible workload
certificate valid in your country
What will I learn?
Gain practical skills in decision theory by constructing payoff matrices, modelling costs, prices, and capacity, and calculating expected monetary value, utility, and non-probabilistic measures. Utilise macro and market data for probability estimation, conduct sensitivity and break-even analyses, and convert intricate risk decisions into straightforward, actionable advice featuring clear warnings and evidence-based actions.
Elevify advantages
Develop skills
- Build decision models with payoff matrices to evaluate strategies amid uncertainty.
- Perform risk assessments using EMV, utility, and sensitivity analysis for robust choices.
- Convert macro and market data into realistic probability scenarios for demand forecasting.
- Model profits by integrating price, costs, capacity, and demand to predict results.
- Develop clear, data-supported recommendations with explicit risks and next steps.
Suggested summary
Before starting, you can change the chapters and workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
FAQs
Who is Elevify? How does it work?
Do the courses have certificates?
Are the courses free?
What is the course workload?
What are the courses like?
How do the courses work?
What is the duration of the courses?
What is the cost or price of the courses?
What is an EAD or online course and how does it work?
PDF Course