Decision making is a key to the management responsibility and the basic
management attribute. The decision-making is the elementary comptetence of managers. This process is the essential way how to make a change and how to ensure the effective functioning of the system. This subject contains of the description of basic properties of the decision-making processes and methods suitable for solving the various kinds of decision-making problems.
Syllabus:
1) Introduction to the decision-making (from the initial problem to the consequences of the decision).
2) Decision trees and their application.
3) Decision-making under uncertainty - profit and loss criteria (Waldo, Hurwitz, Laplace, Savage).
4) Assessment of weights - scales of weights measuring, methods of weights determination - pairwise comparison (Fuller triangles).
5) Assessment of weights - scales of weights measuring, methods of weights determination - Saaty method, scaling of the weights.
6) Multi attribute decision making - TOPSIS and WSA method.
7) Multi attribute decision making - AHP method.
8) Multi attribute decision making - PROMETHEE and Even-Swap method.
9) Psychological aspects of decision making - biases, their sources and consequences.
10) Game theory - introduction and classification.
11) Game theory - matrix games.
12) Game theory - matrix games: mixed strategies (use of linear programming).
13) Game theory - bi-matrix games.
14) Game theory - cooperative games and distribution of profit.
management attribute. The decision-making is the elementary comptetence of managers. This process is the essential way how to make a change and how to ensure the effective functioning of the system. This subject contains of the description of basic properties of the decision-making processes and methods suitable for solving the various kinds of decision-making problems.
Syllabus:
1) Introduction to the decision-making (from the initial problem to the consequences of the decision).
2) Decision trees and their application.
3) Decision-making under uncertainty - profit and loss criteria (Waldo, Hurwitz, Laplace, Savage).
4) Assessment of weights - scales of weights measuring, methods of weights determination - pairwise comparison (Fuller triangles).
5) Assessment of weights - scales of weights measuring, methods of weights determination - Saaty method, scaling of the weights.
6) Multi attribute decision making - TOPSIS and WSA method.
7) Multi attribute decision making - AHP method.
8) Multi attribute decision making - PROMETHEE and Even-Swap method.
9) Psychological aspects of decision making - biases, their sources and consequences.
10) Game theory - introduction and classification.
11) Game theory - matrix games.
12) Game theory - matrix games: mixed strategies (use of linear programming).
13) Game theory - bi-matrix games.
14) Game theory - cooperative games and distribution of profit.