Exact Methods of Decision Making II

Exact Methods of Decision Making II
634-0805/01
čeština

Summary

The subject follows up the information gained in Exact methods of decision-making I. and expands the information by further methods of managerial decision-making. It mainly emphasises the cognitive function of mathematical modelling, various forms of postoptimalisation analysis, sensibility analysis and parametrisation of optimalisation tasks. It focuses on selection of decision-making criteria and the quality of information input, and on decision-making in uncertain and risky conditions. It thoroughly considers the issue of searching the optimum decision-making strategy utilising principles of dynamic programming and game theory.

Literature

[1] Paul D. Van Ness a kol.: Quantitative Methods for Management Decisions, McGraw - Hill Book Company USA, 1985, ISBN 0-07-12519-8
[2] Turban E., Meredith J. R.: Fundamentals of Management Science, Irwin, USA, 1991, 5. vydání, ISBN 0-256-08373-8
[3] Curvin J., Slater R.: Quantitative methods for business decisions, Chapman & Hall, England, 1991, 3. edition, ISBN 0-412-40240-8
[4] Winston, W. L.: Operations research : applications and algorithms, Belmont : Brooks/Cole, 4th edition, 2004, ISBN 0-534-42362-0

Advised literature

[1] Anderson, D. R.: Quantitative methods for business, Mason : South-Western Cengage Learning, 2010, 11. vydání, ISBN 978-0-324-65181-2

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Language of instruction	čeština
Code	634-0805
Abbreviation	EMRII.
Course title	Exact Methods of Decision Making II
Coordinating department	Department of Economics and Management in Industry
Course coordinator	prof. Ing. Emilie Krausová, CSc.