634-0805/01 – Exact Methods of Decision Making II (EMRII.)

Gurantor department	Department of Economics and Management in Industry	Credits	6
Subject guarantor	prof. Ing. Emilie Krausová, CSc.	Subject version guarantor	prof. Ing. Emilie Krausová, CSc.
Study level	undergraduate or graduate
		Study language	Czech
Year of introduction	2004/2005	Year of cancellation	2015/2016
Intended for the faculties	FMT	Intended for study types	Follow-up Master

Instruction secured by
Login	Name	Tuitor	Teacher giving lectures
LAM37	Ing. Martin Lampa, Ph.D.

Extent of instruction for forms of study
Form of study	Way of compl.	Extent
Full-time	Credit and Examination	3+3
Part-time	Credit and Examination	20+0

Subject aims expressed by acquired skills and competences

-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

Teaching methods

Lectures
Tutorials

Summary

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.

Compulsory literature:

[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

Recommended literature:

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

Additional study materials

Study supports in the EduDocs system

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

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Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

- Exact elements of decision making process of the operational and strategic management. - Generating and rating version of solving decision making process. Version rating. - Mono-criterial and multi-criterial version rating decision making process. - Mathematic programming and its instrument of the optimalization. - Linear and non-linear problem and its optimalization. Duality of problem. Parametric programming and sensibility of the problem. - Dynamic programming. - Time-costs optimalization. - Waiting-line theory - kinds of models. Monte-Carlo algorithm. - Sequence theory - Johnson algorithm and Johnson-Pruckner algorithm. - Theory of reserves - stochastic and deterministic models. - Renewal theory - optimalization models. - Game theory and strategic behavior. - Structural analyses.

Conditions for subject completion

Full-time form (validity from: 2011/2012 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation and Examination	Credit and Examination	100 (100)	51	3
Exercises evaluation	Credit	35 (35)	20	3
Project	Project	20	0	3
Other task type	Other task type	15	0	3
Examination	Examination	65 (65)	31	3
Written examination	Written examination	35	0	3
Oral	Oral examination	30	0	3

Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Part-time form (validity from: 2011/2012 Winter semester)

Task name	Type of task	Max. number of points (act. for subtasks)	Min. number of points	Max. počet pokusů
Exercises evaluation and Examination	Credit and Examination	100 (100)	51	3
Exercises evaluation	Credit	35 (35)	20	3
Project	Project	21	0	3
Other task type	Other task type	14	0	3
Examination	Examination	65 (65)	31	3
Written examination	Written examination	50	0	3
Oral	Oral examination	15	0	3

Mandatory attendence participation:

Show history

Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic year	Programme	Branch/spec.	Form	Study language	Tut. centre	Year	Type of duty
2013/2014	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2013/2014	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2012/2013	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2012/2013	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2011/2012	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2011/2012	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2010/2011	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2010/2011	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2009/2010	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2009/2010	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2008/2009	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2008/2009	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2007/2008	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2007/2008	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2006/2007	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2006/2007	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2005/2006	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan
2005/2006	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	K	Czech	Ostrava	1	Compulsory	study plan
2004/2005	(N3922) Economics and Management of Industrial Systems	(6208T123) Economics and Management in Industry	P	Czech	Ostrava	1	Compulsory	study plan

Occurrence in special blocks

Block name	Academic year	Form of study	Study language	Year	W	S	Type of block	Block owner

Assessment of instruction