634-0932/05 – Managerial Decision Making (MR)

Gurantor departmentDepartment of Economics and Management in IndustryCredits10
Subject guarantorprof. Ing. Radim Lenort, Ph.D.Subject version guarantorprof. Ing. Radim Lenort, Ph.D.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesFMTIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
LEN36 prof. Ing. Radim Lenort, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 20+0
Part-time Examination 20+0

Subject aims expressed by acquired skills and competences

Students will understand the modern methods of managerial decision making, which can be used in industrial processes and systems. They will be able to formulate and analyse problems, to define permissible variations, to choose and apply the appropriate approach to its solution.

Teaching methods

Individual consultations
Project work

Summary

Advanced methods of managerial decision making, exact decision making methods, multicriterial decision making methods and artificial intelligence methods in decision processes of operational and strategic management of industrial systems.

Compulsory literature:

TURBAN, E., R. SHARDA and D. DELEN. Decision Support and Business Intelligence Systems. Harlow: Pearson, 2014. ISBN 978-1-292-02426-4. GUO, Z. Intelligent Decision-Making Models for Production and Retail Operations. Berlin: Springer, 2016. ISBN 978-3-662-52679-8. DOSTÁL, P. Advanced Decision Making in Business and Public Services. Brno: CERM Akademické nakladatelství, 2013. ISBN 978-80-7204-837-3.

Recommended literature:

ANDERSON, D. R. Introduction to Management Science: Quantitative Approaches to Decision Making. Andover: Cengage Learning, 2014. ISBN 978-1-4080-8840-1. ISHIZAKA, A. and P. NEMERY. Multi-Criteria Decision Analysis: Methods and Software. Chichester: Wiley, 2013. ISBN 978-1-119-97407-9.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

Elaboration of a seminar work on a given topic.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. The exact elements in decision making operational and strategic management of industrial systems. 2. Classification of decision making processes and problems solving methodology of decision-making problems. 3. Styles of managerial decision making, group versus the consensus decision making. 4. Methods of Operations Research for managerial decision making in industrial enterprise. 5. Mathematical programming as a tool for optimizing decision-making processes. 6. Structural analysis, Leontief‘s material and value production and consumption models. 7. Network analysis, critical path method, PERT method. 8. Simulation approaches for modelling industrial systems, computer simulation. 9. Queuing theory, renewal theory, game and strategic behaviour theory. 10. Transport problems, sequencing problems, models for inventory management. 11. Multi-criteria decision making, creating variations, selection of criteria, methods for determining weights and multi-criteria evaluation of alternatives. 12. The rules, methods and tools of decision making under risk and uncertainty. 13. Methods of artificial intelligence, fuzzy logic, artificial neural networks, genetic algorithms, chaos theory.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0413D270001) Management of Industrial Systems P English Ostrava Choice-compulsory type B study plan
2020/2021 (P0413D270001) Management of Industrial Systems K English Ostrava Choice-compulsory type B study plan
2019/2020 (P0413D270001) Management of Industrial Systems P English Ostrava Choice-compulsory type B study plan
2019/2020 (P0413D270001) Management of Industrial Systems K English Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner