634-0805 – Exact Methods of Decision Making II (EMRII.)

-student will be able to apply obtained knowledge from the subject Exact methods I and will extend it by various forms of postoptimal analysis -student will understand how to choose among individual decision making criteria and quality of information input to decision making under uncertainty and risk conditions -student will be able to find an optimal decision making strategy by application of dynamic modelling principles -student will know how to solve managerial decision making tasks by application of game theory

The subject follows up the information gained in Exact methods of decision-making I. and expands the information by further methods of managerial decision-making. It mainly emphasises the cognitive function of mathematical modelling, various forms of postoptimalisation analysis, sensibility analysis and parametrisation of optimalisation tasks. It focuses on selection of decision-making criteria and the quality of information input, and on decision-making in uncertain and risky conditions. It thoroughly considers the issue of searching the optimum decision-making strategy utilising principles of dynamic programming and game theory.

[1] Paul D. Van Ness a kol.: Quantitative Methods for Management Decisions, McGraw - Hill Book Company USA, 1985, ISBN 0-07-12519-8 [2] Turban E., Meredith J. R.: Fundamentals of Management Science, Irwin, USA, 1991, 5. vydání, ISBN 0-256-08373-8 [3] Curvin J., Slater R.: Quantitative methods for business decisions, Chapman & Hall, England, 1991, 3. edition, ISBN 0-412-40240-8 [4] Winston, W. L.: Operations research : applications and algorithms, Belmont : Brooks/Cole, 4th edition, 2004, ISBN 0-534-42362-0

[1] Anderson, D. R.: Quantitative methods for business, Mason : South-Western Cengage Learning, 2010, 11. vydání, ISBN 978-0-324-65181-2