| Course Unit Code | 157-0365/01 |
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| Number of ECTS Credits Allocated | 5 ECTS credits |
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| Type of Course Unit * | Compulsory |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Third Year |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| ZAP149 | doc. Mgr. Ing. František Zapletal, Ph.D. |
| Summary |
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Students should be able to define basic terminology at the decision-making theory, specify approaches to solving the decision-making problems, describe the structure of the decision-making process, are able to recognize the decision making under certainty, uncertainty and risk and apply these methods to real-life problems.
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| Learning Outcomes of the Course Unit |
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| The goal of the subject is understanding the meaning of decision-making in the management and gaining of basic skills in solving decision problems. |
| Course Contents |
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1. Decision-making as a part of management. Subject and goal of decision-making theory. Structure of a decision-making process
2. Classification of decision-making problems
3. Methods to assign weights to criteria - pointing methods, pairwise comparisons
4. Methods to assign weights to criteria - Saaty's method
5. Methods of multi-criteria decision making (MCDM) - ordering method, TOPSIS method
6. MCDM method: Analytical Hierarchy Method
7. MCDM method: Promethe method
8. Game theory - introduction and classification of conflict problems
9. Game theory - matrix games
10. Game theory - matrix games vs. linear programming
11. Game theory - bi-matrix games
12. Game theory - cooperative games
4. Mono-criterial decision-making me
5. Decision-making in certainty, uncertainty and risk.
6. Methods based on the graph theory. Decision-making tress and decision-making nets.
7. Decision-making analysis and its phases.
8. Criteria evaluation methods. Minimaxim, Savage, Hurwitz prinziple.
9. AHP methods and its application.
10. Mathematical methods for the decision-making support and operations research.
11. DEA method and its application.
12. Game theory – cooperate and uncooperate solution of the conflict.
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| Recommended or Required Reading |
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| Required Reading: |
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| DONELLY, James, H., James, L. GIBSON and John M. IVANCEVICH. Management. 6.vyd. Praha: Grada, 1997. 824 s. ISBN 80-7169-422-3. |
FOTR, Jiří a kol. Manažerské rozhodování. Postupy, metody a nástroje. Praha: Ekopress, 2006. 410 s. ISBN 80-86929-15-9.
FOTR, Jiří a Jiří DĚDINA a Helena HRŮZOVÁ. Manažerské rozhodování. 2. vydání. Praha: Ekopress, 2000. 231 s. ISBN 80-86119-20-3.
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| Recommended Reading: |
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| WISNIEWSKI, Mik. Quantitative Methods for Decision Makers with MathXL. 5th Eddition. London: Prentice Hall, 2009. 600 s. ISBN 978-0-273-71207-7. |
WISNIEWSKI, Mik. Metody manažerského rozhodování. Praha: Grada Publishing, 1994. 509 s. ISBN 80-7169-089-9.
FIALA, Petr a Martin DLOUHÝ. Základy kvantitativní ekonomie a ekonomické analýzy. Praha: Oeconomica, 2006. 106 s. ISBN 80-245-1087-1.
THAKKAR, Jitesh J. Multi-criteria decision making. Studies in systems, decision and control, volume 336. Singapore: Springer, [2021]. ISBN 978-981-33-4744-1.
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| Planned learning activities and teaching methods |
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| Lectures, Tutorials, Project work |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Exercises evaluation and Examination | Credit and Examination | 100 (100) | 51 |
| Exercises evaluation | Credit | 45 | 23 |
| Examination | Examination | 55 | 28 |