634-3006/02 – Exact Methods of Decision Making II (EMR II)
Gurantor department | Department of Economics and Management in Industry | Credits | 6 |
Subject guarantor | Ing. Martin Lampa, Ph.D. | Subject version guarantor | Ing. Martin Lampa, Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 1 | Semester | summer |
| | Study language | Czech |
Year of introduction | 2019/2020 | Year of cancellation | 2021/2022 |
Intended for the faculties | FMT | Intended for study types | Follow-up Master |
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
Project work
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 stratégy utilising principles of dynamic programming and game theory.
Compulsory literature:
Recommended literature:
Additional study materials
Way of continuous check of knowledge in the course of semester
Zkouška: Písemný test a ústní zkouška. Vypracování seminárních prací a absolvování zápočtového testu.
E-learning
Integrovaný systém modulární počítačové podpory výuky ekonomicko-technického zaměření (http://lms.vsb.cz):
- Vzdělávací modul 7 – Výrobně-logistické rozhodování: submodul Teorie hromadné obsluhy, submodul Dynamické programování, submodul Strategické plánování výroby.
- LAMPA, M., ZAPLETAL, F., LENORT, R., WICHER, P., KRAUSOVÁ, E. Exaktní metody rozhodování II. Studijní opory. Ostrava: VŠB-TU Ostrava, 2015.
Other requirements
Graduating tests, Semestral project
Prerequisities
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Exact elements of decision making process of the operational and strategic management.
2. Generating and rating version of solving decision making process. Version rating.
3. Mono-criterial and multi-criterial version rating decision making process.
4. Mathematic programming and its instrument of the optimalization.
5. Linear and non-linear problem and its optimalization. Duality of problem. 6. Parametric programming and sensibility of the problem.
7. Dynamic programming.
8. Time-costs optimalization.
9. Waiting-line theory - kinds of models. Monte-Carlo algorithm.
10. Sequence theory - Johnson algorithm and Johnson-Pruckner algorithm.
11. Theory of reserves - stochastic and deterministic models.
12. Renewal theory - optimalization models.
13. Game theory and strategic behavior.
14. Structural analyses.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction