Day 3: Decision analyses

Introduction and fundamentals of Bayesian decision analysis

By Michael H. Faber. Download lecture 1 (PDF)

  • Prior, Pre-posterior and Posterior decision analysis
  • Quantification of utilities



Value of Information analyses and decision analysis types

By Sebastian Thöns. Download lecture 2 (PDF)

  • Types of Value of Information analyses
  • Decision analyses types
  • Derivation of decision rules



Value of Information analyses continued

By Carl Malings and Matteo Pozzi. Download lecture 3 (PDF)

  • Introduction to Gaussian random field models
  • Evaluation of Value of Information in Gaussian random fields
  • Optimal sensors placement and inspection scheduling using Value of Information
28 MAY 2024