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BØK716 Decisions under Uncertainty

The course will cover uncertainty in planning from different views. The goal is for the students to be able to recognize and deal with uncertainty in a decision situation. The course aims to carry on the insight from courses in the 7th semester of the master in Economics and Business Administration and provide a basis for courses thought in the 9th semester as Risk Management.


  • Introduction to uncertainty and decisions

  • Classic investment theory under uncertainty

  • Option approach to evaluate investments, real options

  • Stochastic processe

  • Dynamic programming under uncertainty

  • Investment timing

  • Project valuation

Read more on the study guide.