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Managerial Decision Making

Type of study Doctoral
Language of instruction English
Code 654-9932/04
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

• The exact elements in decision-making operational and strategic management of industrial systems.
• Classification of decision-making processes and problems solving methodology of decision-making problems.
• Styles of managerial decision making, group versus the consensus decision-making.
• Methods of Operations Research for managerial decision making.
• Mathematical programming as a tool for optimizing decision-making processes.
• Structural analysis, Leontief‘s material and value production and consumption models.
• Network analysis, critical path method, PERT method.
• Simulation approaches for modelling industrial systems, computer simulation.
• Queuing theory, renewal theory, game and strategic behaviour theory.
• Transport problems, sequencing problems, models for inventory management.
• Multi-criteria decision making, creating variations, selection of criteria, methods for determining weights and multi-criteria evaluation of alternatives.
• The rules, methods and tools of decision making under risk and uncertainty.
• 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 .

Doporučená literatura

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.