Course: Theory of Decision Making

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Course title Theory of Decision Making
Course code UPEM/KTRO
Organizational form of instruction Lecture
Level of course Master
Year of study 2
Semester Winter
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory, Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Roudný Radim, doc. Ing. CSc.
Course content
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.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Work with text (with textbook, with book)
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 will be able to solve decision-making problems under security and uncertainty on the basis of mathematical models. The student gains general knowledge of group decision-making and specific knowledge of public elections and decision-making in public administration.
Prerequisites
unspecified

Assessment methods and criteria
Written examination, Home assignment evaluation, Discussion

The graded assignment is granted upon completion of the seminar paper.
Recommended literature
  • FIALA, P.:. Modely a metody rozhodování. Praha: VŠE Praha, 2003.
  • FOTR, J., DĚDINA, J.:. Manažerské rozhodování Praha: Ekopress, 2003. Praha, 2003. ISBN 8090199178.
  • ROUDNÝ, R., RYBYŠAROVÁ, M.:. Rozhodování - příklady. Hodnocení variant. Pardubice: skriptum UPa, FES, 2007..
  • Roudný, R., Víšek, O.:. Základy manažérského rozhodování. Pardubice: Univerzita Pardubice, 2009, v tisku.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2013) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics and Enterprise Management (2013) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2016) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics of Public Sector (2014) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics and Enterprise Management (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics and Administration Study plan (Version): Economics and Enterprise Management (2014) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter