0.b Decision Support and Model Planning

Gain an overview of the wide set of issues to consider when engaging on a modelling project.
Understand how to make high quality decisions.
Learn how to build models to maximise decision quality.
Ensure that the models built are as effective as possible in decision support.

Overview. This course covers the issues to consider when planning and designing models, in order to achieve the maximum efficacy in decision support.
Practical work and exercises. This course involves reading materials only.
Assessment tests. The assessment test is based on the key concepts covered within the reading materials!

Principles of modelling for decision support. Generating high quality decisions. Meaning of decision quality. Decision context and framing. The fallacy of choice. Decision identification: scope, objective and criteria.
Decision structures: Go/no go, scenarios, sub-options and sequences. Introduction to best practices in model building.
Principles of building models (overview). Decisions, sensitivities, transparency and complexity reduction.

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