ÃœYS644 - DECISION THEORY
| Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
|---|---|---|---|---|---|---|
| DECISION THEORY | ÃœYS644 | 2nd Semester | 3 | 0 | 3 | 6 |
| Prequisites | ||||||
| Course language | Turkish | |||||
| Course type | Elective | |||||
| Mode of Delivery | Face-to-Face | |||||
| Learning and teaching strategies | Lecture | |||||
| Instructor (s) | Prof.Dr. Aydın ULUCAN | |||||
| Course objective | The course aims to give the student the basic theoretical and practical knowledge to develop computer aided decision making models and apply these models to the main areas of business such as production, finance and marketing. | |||||
| Learning outcomes |
| |||||
| Course Content | Basic Concepts in Decision Science, Decision Making Under Uncertainty,Decision Trees, Multi Objective Decision Making, Analytic Hierarchy Process, Electre Method, Topsis Method, Goal Programming, UTADIS Method | |||||
| References | - Winston, W. Operations Research : Applications and Algorithms , fourth edition (2004) 4th ed. Thomson / Brooks-Cole., ISBN 0-534-42362-0. - Lawrence, J.A., B.A. Pasternack, Applied Management Science (2002) 2nd ed. Wiley, ISBN 0-471-39190-5. - Ragsdale, C.T., Spreadsheet Modeling and Decision Analysis (2004) 4th ed. Thomson / South-Western., ISBN 0-324-20305-5. - Moore, Weatherford,Decision Modeling, (2001) 6th ed. Prentice Hall., ISBN 0-13-017789-X. - Winston, Albright, Practical Management Science, (2001) 2nd ed. Duxbury, ISBN 0-534-37135-3. | |||||
Course outline weekly
| Weeks | Topics |
|---|---|
| Week 1 | Introduction to Decision Theory |
| Week 2 | Decision Making Under Risk and Uncertainty |
| Week 3 | Decision Trees |
| Week 4 | Bayesian Statistics |
| Week 5 | Utility Theory |
| Week 6 | Multi-Criteria Decision Making |
| Week 7 | Mid-term Exam |
| Week 8 | Analytic Hierarchy Process |
| Week 9 | ELECTRE Technique |
| Week 10 | PROMETHEE Technique |
| Week 11 | UTADIS Technique |
| Week 12 | Project Presentations |
| Week 13 | Project Presentations |
| Week 14 | Project Presentations |
| Week 15 | Project Presentations |
| Week 16 | Final Exam |
Assesment methods
| Course activities | Number | Percentage |
|---|---|---|
| Attendance | 14 | 5 |
| Laboratory | 0 | 0 |
| Application | 0 | 0 |
| Field activities | 0 | 0 |
| Specific practical training | 0 | 0 |
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Project | 2 | 20 |
| Seminar | 0 | 0 |
| Midterms | 1 | 25 |
| Final exam | 1 | 50 |
| Total | 100 | |
| Percentage of semester activities contributing grade succes | 17 | 50 |
| Percentage of final exam contributing grade succes | 1 | 50 |
| Total | 100 | |
WORKLOAD AND ECTS CALCULATION
| Activities | Number | Duration (hour) | Total Work Load |
|---|---|---|---|
| Course Duration (x14) | 14 | 3 | 42 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Specific practical training | 0 | 0 | 0 |
| Field activities | 0 | 0 | 0 |
| Study Hours Out of Class (Preliminary work, reinforcement, ect) | 14 | 6 | 84 |
| Presentation / Seminar Preparation | 0 | 0 | 0 |
| Project | 2 | 8 | 16 |
| Homework assignment | 0 | 0 | 0 |
| Midterms (Study duration) | 1 | 15 | 15 |
| Final Exam (Study duration) | 1 | 20 | 20 |
| Total Workload | 32 | 52 | 177 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
| D.9. Key Learning Outcomes | Contrubition level* | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1. The student is able to conduct novel research on all fundamental functions of the business in accordance with scientific, institutional and social ethics and is able to report the results in a critical manner. | X | ||||
| 2. The student gains ability to solve the problems faced in business using the appropriate software and the easily adapts to the new solution methods and software. | X | ||||
| 3. The student gains the management and leadership skills to determine the problems with a critical point of view and to identify the objectives and strategic plans for the organization?s future progress. | X | ||||
| 4. The student plays an active role in national and international projects, analyses the relationship between the stakeholders of the project accurately and motivates and manages all the stakeholders through effective language skills. | X | ||||
| 5. The student gains the necessary communication skills to manage both oral and written communication of the organization with all the stakeholders. | X | ||||
| 6. The student is able to analyse and use all the contemporary and advanced knowledge gained on all areas of business in relation with the information from different areas. | X | ||||
| 7. The student progresses continuously with the consicious that learning and research is a continuous process and transfers the experience both written and oral ways. | X | ||||
| 8. Through the anticipation and strategic thinking ability, the student plays an active role in organizational decision making process. | X | ||||
| 9. The student uses all the multi-disciplinary knowledge acquired consistent with the ethical, social and international values. | X | ||||
| 10. The student gains theoric and practical expertise on the multi-disciplinary natüre of the business management. | X | ||||
| 11. The student approaches the problems face in the business with a strategic and wide perspective and sees such problems as an opportunity for continuous development. | X | ||||
| 12. The student shares the novel studies with a search for development and follows the contemporary progress in the area together with contacting the colleagues in the related areas. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest