About
This eLearning course explores the complexities of decision-making, cognitive biases, and advanced forecasting methods. This course combines theoretical knowledge with practical tools aiming to enhance participants’ strategic decision- making abilities.
Target Audience
Geologists, engineers, geophysicists, managers, team leaders, economists, and
planners.
You Will Learn
- Perform mid-period present value (PV) calculations
- Use Excel’s Goal Seek function to solve for internal rate of return (IRR) and other target values
- Use the inverse formula for inflation calculations
- Explain the expected utility (EU) decision rule
- Calculate EUs and certainty equivalents (CEs)
- Describe mathematical optimization and geometric analogies, such as hill-climbing
- Use Excel’s Goal Seek function to solve for internal rate of return (IRR) and other target values
- Apply cost- or time-equivalents to decision criteria and metrics
- Describe everyday cost vs. value tradeoffs in health care, safety, and environment
- Structure and solve multi-criteria decision problems using the Franklin and SMARTER methods