| Course title | Introduction to Managerial Decision-Making |
|---|---|
| Course code | UPEM/PZMR |
| Organizational form of instruction | Lecture + Tutorial |
| Level of course | Bachelor |
| Year of study | not specified |
| Semester | Winter |
| Number of ECTS credits | 3 |
| Language of instruction | Czech |
| Status of course | Compulsory-optional, Optional |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
|---|
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| Course content |
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Introduction, basic terms, decision making processes and style of decision making. Description of phenomena and objects, its use. One-criteria decision making. Multi-criteria decision making - characteristic, issues, its use. Decision making matrices, additive methods. Methods with information about aspiration levels and methods with ordinal information. Hierarchic methods, pair comparison. Essentials of multi-criteria programming. Decision making under uncertainty. Application of theory of games. Reliability of decision making, decision making in lack of time and simple methods of decision making support. Group decision making - introduction. Public choice and its systems. Theory of graphs. Recapitulation.
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| Learning activities and teaching methods |
| Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book), Skills training |
| Learning outcomes |
|
The aim of the course is to acquaint the students with basic knowledge of decision making theory especially the importance of supportive methods. The course follows up with Management and assumes theoretical knowledge of mathematics and statistics. The course acquaints the students with essentials of decision making theory, furthermore, it focuses on principles of decision making support. It describes phenomena and objects, one- and especially multi-criteria evaluation, methods of multi-criteria programming and decision making under uncertainty. Separate part is devoted to group decision making, decision making in public administration and public choice. The accent is put on managerial interpretation of methods.
A student learns decision-making methods, decision-making errors, including a group decision-making and negotiations. The student acquires the ability to deal with decision-making role in the conditions of certainty and uncertainty on the basis of mathematical models. |
| Prerequisites |
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unspecified
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| Assessment methods and criteria |
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Written examination, Home assignment evaluation, Discussion
The graded assignment is granted upon attendance at seminars, completion of the seminar paper and passing the written test. Students are given the possibility to improve their final grade with an oral examination. |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Economics and Administration | Study plan (Version): Enterprise Management (2013) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Management of Financial Risks (2015) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Operation in Enterprises (2015) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Security Management in Enterprises (2016) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Operation in Enterprises (2014) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Operation in Enterprises (2016) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Operation in Enterprises (2013) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Security Management in Enterprises (2013) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Enterprise Management (2014) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Security Management in Enterprises (2014) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Management of Financial Risks (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Security Management in Enterprises (2015) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Enterprise Management (2016) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Enterprise Management (2015) | Category: Economy | 3 | Recommended year of study:3, Recommended semester: Winter |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Management of Financial Risks (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Winter |