157-0575/02 – Decision Making Methods (MVRe)
| Gurantor department | Department of Systems Engineering and Informatics | Credits | 4 |
| Subject guarantor | doc. Mgr. Ing. František Zapletal, Ph.D. | Subject version guarantor | doc. Mgr. Ing. František Zapletal, Ph.D. |
| Study level | undergraduate or graduate | | |
| | Study language | English |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
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
Tutorials
Summary
Compulsory literature:
Recommended literature:
Additional study materials
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:
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) Decision trees and their application.
3) Decision-making under uncertainty - profit and loss criteria (Waldo, Hurwitz, Laplace, Savage).
4) Assessment of weights - scales of weights measuring, methods of weights determination - pairwise comparison (Fuller triangles).
5) Assessment of weights - scales of weights measuring, methods of weights determination - Saaty method, scaling of the weights.
6) Multi attribute decision making - TOPSIS and WSA method.
7) Multi attribute decision making - AHP method.
8) Multi attribute decision making - PROMETHEE and Even-Swap method.
9) Psychological aspects of decision making - biases, their sources and consequences.
10) Game theory - introduction and classification.
11) Game theory - matrix games.
12) Game theory - matrix games: mixed strategies (use of linear programming).
13) Game theory - bi-matrix games.
14) Game theory - cooperative games and distribution of profit.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction