Utility Elicitation Program (UEP)

Utility Elicitation Program

Decision Analysis

Documents and Links

“Resolving Decision Dilemmas” (introduction pdf)
“Decision Analysis in Cost Engineering” (introduction pdf)
Evaluation Tips
Important Concept Summaries

Overview of Decision Analysis Video

Risk Policy as a Utility Function

Document and Video

“Risk Policy as a Utility Function” (pdf)

Utility Elicitation Program (UEP)

Guide Document, Video, and Program

“UEP User Guide” (pdf)

The guide provides an overview of risk policy concepts. Nine questions, of the types generated by UEP, allow you to experience the utility elicitation process. UEP's purpose to help you assess the risk aversion coefficient that comfortably expresses your risk policy.

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