157-0511/01 – Decision Making Methods (DMM)
Gurantor department | Department of Systems Engineering | Credits | 3 |
Subject guarantor | doc. Mgr. Ing. František Zapletal, Ph.D. | Subject version guarantor | Ing. Jitka Baňařová, Ph.D. |
Study level | undergraduate or graduate | Requirement | Choice-compulsory |
Year | 2 | Semester | summer |
| | Study language | English |
Year of introduction | 2003/2004 | Year of cancellation | 2012/2013 |
Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
Students are able to:
- define a relationship between decision-making and other components of supervisory process;
- classify the decision-making processes form various points of view;
- describe the phases of the decision-making process;
- use appropriate mehods for identifiaction and determination of weights and their scaling;
- use basic methods of decision-making under the risk and uncertainty, scenario building;
- use multiobjective decision-making methods under the certainty,
- describe the basic approaches to multiobjective optimization.
Teaching methods
Lectures
Individual consultations
Project work
Summary
Decision making is a key to the management responsibility and the basic
management attribute. The decision-making is the elementary comptetence of managers. This process is the essential way how to make a change and how to ensure the effective functioning of the system. This subject contains of the description of basic properties of the decision-making processes and methods suitable for solving the various kinds of decision-making problems.
Syllabus:
1) Introduction to the decision-making (from the initial problem to the consequences of the decision.
2) Classification of the decision-making problems from various points of view, practical examples.
3) Phases of the decision-making process and their description, common mistakes in practice.
4) Formulation of the decision-making problem - identification and formulation of variants and criteria, data type and their characteristics (qualitative x quantitative data).
5) Decision-making problems under the risk with the one objective, decision trees, scenario building.
6) Decision-making under uncertainty - profit and loss criteria (Waldo, Hurwitz, Laplace, Savage).
7) Assessment of weights - scales of weights measuring, methods of weights determination - pairwise comparison (Fuller triangles), Saaty method, scaling of the weights.
8) Basics of the multiobjective decision-making and its characteristics - the method of the weighted order, distance from dummy (fictive) variant.
9) AHP method (condition of use, principles, practical example).
10) ELECTRE method (condition of use, principles, practical example).
11) PROMETHE method (condition of use, principles, practical example).
12) GAIA - graphical extension of the PROMETHE method.
13) Principles and characteristics of the mono-objective optimization.
14) Principles and characteristics of the multi-objective optimization.
Compulsory literature:
RAMÍK, J., PERZINA, R. Modern methods of evaluation and decision making. Karviná: Silesian University in Opava, 2008. ISBN: 978-80-7248-497-3.
WISNIEWSKI, Mik. Quantitative Methods for Decision Makers. 5th Edition. Harlow: Prentice Hall, 2011. ISBN: 978-0-273-71207-7.
Recommended literature:
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
- Login to the subject
- Build a team
- Report on the project topic
- Submission by the deadline in the LMS
- Presentation of results
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
objective decision theory.
Typology of decision-making processes.
The structure of the decision-making process.
Decision making under certainty, risk and uncertainty.
Methods of determining their characteristics.
Simple methods for selecting the most suitable variant.
Logical and analytical methods.
Methods using the theory of graphs.
Decision networks.
Formally - logical methods.
Other methods.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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