Course: Decision Making Processes

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Course title Decision Making Processes
Course code USII/PROP
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study 2
Semester Summer
Number of ECTS credits 3
Language of instruction Czech
Status of course Compulsory
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Křupka Jiří, doc. Ing. PhD.
  • Máchová Renáta, Ing. Ph.D.
Course content
Decision-making and the decision-making process. Approaches to decision-making with certainty, risk and uncertainty. Multi-criteria decision-making with certainty. Multi-criteria decision-making with uncertainty. Synthesis and analysis of multi-criteria decision-making methods.

Learning activities and teaching methods
Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Laboratory work
Learning outcomes
The aim of the course is to provide the students with theoretical knowledge in decision-making theory and the skills necessary for the proposal of decision-making method algorithms in MATLAB.
The students will be able to mathematically express the decision-making problem and to select a suitable solution method that the stress is on multi-criteria decision-making with certainty and uncertainty. They will be able to develop an algorithm of this problem, based on which a "script" in MATLAB can then be designed.
Prerequisites
unspecified

Assessment methods and criteria
Written examination, Home assignment evaluation, Work-related product analysis

Assignment is conditional to minimum attendance at seminars and completion of continuous tasks set at seminars, as well as passing the final test at the final seminar. Exam is oral or passing the final written test.
Recommended literature
  • FOTR, J. - ŠVECOVÁ. L. etc. Manažerské rozhodování. Postupy, metody a nástroje. Ekopress, 2. vydání, 2010.
  • FOTR, Jiří etc. Manažerské rozhodování. Praha: Ekopress, 2000. ISBN 8086119203.
  • KŘUPKA, J.- OBRŠÁLOVÁ, I. etc. Assessment if Investment Alternatives in Environmental System based on Multiple Criteria Decision Making. In: Olej, V., Obrsalova, I., Krupka, J. (Eds.) Modelling of Selected areas of Sustainable Development by Artificial Intelligence and Soft Computing. Univerzita Pardubice: Grada Publishing, 2009, s. 133-150. ISBN 978-80-247-3167-4.
  • RAMÍK, J. Analytic hierarchy process (AHP) v malám a středním podnikání. Opava, 2000. ISBN 807248088X.
  • SAATY, T. L. The Analytic Hierarchy Process. New York : McGraw-Hill International Book Company, 1980. ISBN 0070543712.
  • TURBAN, E.- ARONSON, J. E. Decision Support Systems and Intelligent Systems. 5th edition. New Jersey: Prentice-Hall, Inc. A Simon & Schuster Company, 1998. ISBN 0137409370.


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): Management of Financial Risks (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Information and Security Systems (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Information and Security Systems (2013) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Regional and Information Management (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Regional and Information Management (2014) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Management of Financial Risks (2014) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Regional and Information Management (2013) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Information and Security Systems (2014) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer
Faculty: Faculty of Economics and Administration Study plan (Version): Management of Financial Risks (2013) Category: Economy 2 Recommended year of study:2, Recommended semester: Summer