Theory teaching
Introduction. Simulation. Fuzzy set theory. Uncertainty analysis. Uncertainty quantification. Stochastic differential equations. Geometric Brownian motion. Mean reverting process. From probability to possibility transformation. Cost analysis. Decision making criteria (NPV, IRR, PI, MIRR). Uncertainty of discount rate. Multicriteria decision making with uncertainty.

Practical teaching
Underground mine project investment analysis with uncertainty.

1. Ian C. Runge: Mining Econimics and Strategy ISBN 0-87335-165-7;
2. Zimmerman HJ (1992) Fuzzy set theory and its application, Kluwer Boston
3. W.J DeCoursey: Statistics and Probability for Engineering Applications ISBN 7506-7618-3
4. Thomas F. Torries: Evaluating Mineral Projects ISBNO 0-87335-159-2;
5. Ching Lai Hwang, Kwangsun Yoon, Multiple Attribute Decision Making, ISBN 3-540-10558