157-0375/02 – Multicriteria Decision Making Methods (MVR)

Gurantor departmentDepartment of Systems EngineeringCredits4
Subject guarantordoc. Mgr. Ing. František Zapletal, Ph.D.Subject version guarantordoc. Mgr. Ing. František Zapletal, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Year1Semestersummer
Study languageCzech
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor, Follow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
ZAP149 doc. Mgr. Ing. František Zapletal, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 2+2

Subject aims expressed by acquired skills and competences

The course is focused on description and application of multi-criteria decision making methods. Students will learn how to solve various discrete decision making problems under different assumptions (certainty x risk x uncertainty, decision making with a single decision maker, group decision making), different input data types, etc. The first part of the course is devoted to non-conflict decision making (without any opponent) and the second part to conflict decision making (game theory). Students should be able to analyze a problem, use a suitable method and find the best decision with respect to the given aim.

Teaching methods

Lectures
Tutorials

Summary

Students should be able to define basic terminology at the decision-making theory, specify approaches to solving the decision-making problems, describe the structure of the decision-making process, are able to recognize the decision making under certainty, uncertainty and risk and apply these methods to real-life problems.

Compulsory literature:

NUTT, Paul C. a David C. WILSON, ed. Handbook of decision making. Chichester: John Wiley & Sons, Ltd., Publication, 2010. ISBN 978-1-4051-6135-0 TRIANTAPHYLLOU, Evangelos. Multi-criteria decision making methods: a comparative study. Dordrecht: Kluwer Academic Publishers, c2000. Applied optimization, v. 44. ISBN 0-7923-6607-7. WISNIEWSKI, Mik. Quantitative methods for decision makers. 5th ed. Harlow: Financial Times Prentice Hall, 2009. ISBN 978-0-273-71207-7.

Recommended literature:

ZOPOUNIDIS, Constantin a Michael DOUMPOS, ed. Multiple criteria decision making: applications in management and engineering. Švýcarsko: Springer, [2017]. Multiple criteria decision making. ISBN 978-3-319-39290-5. SAATY, T. L.: Decision making for leaders. Pittsburg, RWS Publications 1998 ANDERSON, David Ray. Introduction to management science: quantitative approaches to decision making. 2nd ed. Andover: Cengage Learning, c2014. ISBN 978-1-4080-8840-1.

Way of continuous check of knowledge in the course of semester

Consultations. Written case study.

E-learning

Other requirements

Written test in the form of case study. Proactive approach at lectures and seminars.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to decision making, decision making process, classification of problems. 2. Decision trees and their application. 3. Decision rules for decision making under risk and uncertainty. 4. Criteria weighting - pointing method, pair-wise comparison. 5. Criteria weighting - Saaty's method. 6. Multi-criteria decision making methods - WSA method, TOPSIS method. 7. Multi-criteria decision making methods - Analytical Hierarchy Process. 8. Multi-criteria decision making methods - PROMETHEE method, Even-Swap method 9. Biases in decision making. 10. Game theory - introduction and classification. 11. Game theory - matrix games. 12. Game theory - mixed strategies for matrix games. 13. Game theory - bi-matrix games.

Conditions for subject completion

Full-time form (validity from: 2020/2021 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit 100 (100) 51
        Credit Written test 100  51
Mandatory attendence parzicipation: Students should attend at least 70% of seminars. Written test in the form of case study.

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0411A050001) Accounting and Taxes P Czech Valašské Meziříčí 2 Choice-compulsory type B study plan
2020/2021 (N0414A050001) Marketing and Business P Czech Ostrava 1 Choice-compulsory type B study plan
2019/2020 (B0411A050001) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory type B study plan

Occurrence in special blocks

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