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Multicriteria Decision Making Methods

Type of study BachelorFollow-up Master
Language of instruction Czech
Code 157-0375/02
Abbreviation MVR
Course title Multicriteria Decision Making Methods
Credits 4
Coordinating department Department of Systems Engineering and Informatics
Course coordinator doc. Mgr. Ing. František Zapletal, Ph.D.

Subject syllabus

1. Introduction to decision making, decision making process, classification of problems.
2. Decision trees and their application.
3. Decision rules for decision making under risk and uncertainty.
4. Criteria weighting - pointing method, pair-wise comparison.
5. Criteria weighting - Saaty's method.
6. Multi-criteria decision making methods - WSA method, TOPSIS method.
7. Multi-criteria decision making methods - Analytical Hierarchy Process.
8. Multi-criteria decision making methods - PROMETHEE method, Even-Swap method
9. Biases in decision making.
10. Game theory - introduction and classification.
11. Game theory - matrix games.
12. Game theory - mixed strategies for matrix games.
13. Game theory - bi-matrix games.

Literature

MASRI, Hatem, PÉREZ-GLADISH, Blanca a ZOPOUNIDIS, Constantin. Financial decision aid using multiple criteria: recent models and applications. Multiple criteria decision making. Cham, Switzerland: Springer, 2018. ISBN 9783319688763 .
SINDHWANI, Rahul; SINGH, Punj Lata; KUMAR, Bhawna; MITTAL, Varinder Kumar a DAVIM, J. P. (ed.). Multi-criteria decision modelling: applicational techniques and case studies. Science, technology, and management series. Boca Raton: CRC Press, Taylor & Francis Group, 2022. ISBN 978-0-367-64558-8.
THAKKAR, Jitesh J. Multi-criteria decision making. Studies in systems, decision and control, volume 336. Singapore: Springer, 2021. ISBN 978-981-33-4744-1.

Advised literature

ANDERSON, David Ray. Introduction to management science: quantitative approaches to decision making. 2nd ed. Andover: Cengage Learning, c2014. ISBN 978-1-4080-8840-1.
DOUMPOS, Michael a ZOPOUNIDIS, Constantin. Multicriteria analysis in finance. SpringerBriefs in operations research. Cham: Springer, [2014]. ISBN 978-3-319-05863-4.
EKEL, Petr; PEDRYCZ, Witold a PEREIRA, Joel. Multicriteria decision-making under conditions of uncertainty: a fuzzy set perspective. Hoboken, NJ: Wiley, 2020. ISBN 978-1-119-53492-1 .