Multicriteria Decision Making Methods

Type of study	BachelorFollow-up Master
Language of instruction	Czech
Code	157-0475/02
Abbreviation	MVRk
Course title	Multicriteria Decision Making Methods
Credits	5
Coordinating department	Department of Systems Engineering and Informatics
Course coordinator	prof. 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

NUTT, Paul C. a David C. WILSON, ed. Handbook of decision making. Chichester: John Wiley & Sons, Ltd., Publication, 2010. ISBN 978-1-4051-6135-0
TRIANTAPHYLLOU, Evangelos. Multi-criteria decision making methods: a comparative study. Dordrecht: Kluwer Academic Publishers, c2000. Applied optimization, v. 44. ISBN 0-7923-6607-7.
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

WISNIEWSKI, Mik.: Metody manažerského rozhodování. Praha: Grada Publishing, 1994. 509 s. ISBN 80-7169-089-9.
SAATY, T. L.: Decision making for leaders. Pittsburg, RWS Publications 1998
SCHOLZ, Roland W., ed. Decision making under uncertainty: cognitive decision research, social interaction, development and epistemology. Amsterdam: North-Holland, 1983. Advances in psychology, 16. ISBN 0-444-86738-4.

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