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Managerial Decision Making

Type of study Doctoral
Language of instruction English
Code 654-9932/03
Abbreviation MR
Course title Managerial Decision Making
Credits 10
Coordinating department Department of Industrial Systems Management
Course coordinator prof. Ing. Petr Besta, Ph.D.

Osnova předmětu

1. The exact elements in decision making operational and strategic management of industrial systems.
2. Classification of decision making processes and problems solving methodology of decision-making problems.
3. Styles of managerial decision making, group versus the consensus decision making.
4. Methods of Operations Research for managerial decision making in industrial enterprise.
5. Mathematical programming as a tool for optimizing decision-making processes.
6. Structural analysis, Leontief‘s material and value production and consumption models.
7. Network analysis, critical path method, PERT method.
8. Simulation approaches for modelling industrial systems, computer simulation.
9. Queuing theory, renewal theory, game and strategic behaviour theory.
10. Transport problems, sequencing problems, models for inventory management.
11. Multi-criteria decision making, creating variations, selection of criteria, methods for determining weights and multi-criteria evaluation of alternatives.
12. The rules, methods and tools of decision making under risk and uncertainty.
13. Methods of artificial intelligence, fuzzy logic, artificial neural networks, genetic algorithms, chaos theory.

Povinná literatura

TURBAN, E., R. SHARDA and D. DELEN. Decision Support and Business Intelligence Systems. Harlow: Pearson, 2014. ISBN 978-1-292-02426-4.
GUO, Z. Intelligent Decision-Making Models for Production and Retail Operations. Berlin: Springer, 2016. ISBN 978-3-662-52679-8 .
DOSTÁL, P. Advanced Decision Making in Business and Public Services. Brno: CERM Akademické nakladatelství, 2013. ISBN 978-80-7204-837-3 .

Advised literature

ANDERSON, D. R. Introduction to Management Science: Quantitative Approaches to Decision Making. Andover: Cengage Learning, 2014. ISBN 978-1-4080-8840-1.
ISHIZAKA, A. and P. NEMERY. Multi-Criteria Decision Analysis: Methods and Software. Chichester: Wiley, 2013. ISBN 978-1-119-97407-9.