| Course Unit Code | 157-0375/02 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Choice-compulsory type B |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Second 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. |
| Learning Outcomes of the Course Unit |
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| The course is focused on description and application of multi-criteria decision making methods. Students will learn how to solve various discrete decision making problems under different assumptions (certainty x risk x uncertainty, decision making with a single decision maker, group decision making), different input data types, etc. The first part of the course is devoted to non-conflict decision making (without any opponent) and the second part to conflict decision making (game theory). Students should be able to analyze a problem, use a suitable method and find the best decision with respect to the given aim. |
| Course Contents |
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1. Introduction to decision making, decision making process, classification of problems.
2. Decision trees and their application.
3. Decision rules for decision making under risk and uncertainty.
4. Criteria weighting - pointing method, pair-wise comparison.
5. Criteria weighting - Saaty's method.
6. Multi-criteria decision making methods - WSA method, TOPSIS method.
7. Multi-criteria decision making methods - Analytical Hierarchy Process.
8. Multi-criteria decision making methods - PROMETHEE method, Even-Swap method
9. Biases in decision making.
10. Game theory - introduction and classification.
11. Game theory - matrix games.
12. Game theory - mixed strategies for matrix games.
13. Game theory - bi-matrix games. |
| Recommended or Required Reading |
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| Required Reading: |
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MASRI, Hatem, PÉREZ-GLADISH, Blanca a ZOPOUNIDIS, Constantin. Financial decision aid using multiple criteria: recent models and applications. Multiple criteria decision making. Cham, Switzerland: Springer, 2018. ISBN 9783319688763.
SINDHWANI, Rahul; SINGH, Punj Lata; KUMAR, Bhawna; MITTAL, Varinder Kumar a DAVIM, J. P. (ed.). Multi-criteria decision modelling: applicational techniques and case studies. Science, technology, and management series. Boca Raton: CRC Press, Taylor & Francis Group, 2022. ISBN 978-0-367-64558-8.
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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FOTR, Jiří. Vícekriteriální rozhodování za nejistoty. Praha: Oeconomica, 2020. ISBN 978-80-245-2399-6.
ZAPLETAL, František. Exaktní metody rozhodování. [Praha]: Professional Publishing, 2023. ISBN 978-80-88260-66-0.
ZOPOUNIDIS, Constantin a DOUMPOS, Michael. Multiple criteria decision making: applications in management and engineering. Multiple criteria decision making. Springer, 2017. ISBN 978-3-319-39290-5.
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| Recommended Reading: |
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ANDERSON, David Ray. Introduction to management science: quantitative approaches to decision making. 2nd ed. Andover: Cengage Learning, c2014. ISBN 978-1-4080-8840-1.
DOUMPOS, Michael a ZOPOUNIDIS, Constantin. Multicriteria analysis in finance. SpringerBriefs in operations research. Cham: Springer, [2014]. ISBN 978-3-319-05863-4.
EKEL, Petr; PEDRYCZ, Witold a PEREIRA, Joel. Multicriteria decision-making under conditions of uncertainty: a fuzzy set perspective. Hoboken, NJ: Wiley, 2020. ISBN 978-1-119-53492-1.
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FOTR, Jiří a SOUČEK, Ivan. Scénáře pro strategické rozhodování a řízení: jak se efektivně vyrovnat s budoucími hrozbami a příležitostmi. Expert. Praha: Grada Publishing, 2020. ISBN 978-80-271-2020-8.
SHOTTON, Richard. Anatomie rozhodování: 25 skrytých faktorů, které ovlivňují to, jak nakupujeme. Přeložil Kateřina PATEROVÁ. Via. Praha: Dobrovský, 2020. ISBN 978-80-7642-548-4.
ZOPOUNIDIS, Constantin a Michael DOUMPOS, ed. Multiple criteria decision making: applications in management and engineering. Švýcarsko: Springer, 2017. Multiple criteria decision making. ISBN 978-3-319-39290-5. |
| Planned learning activities and teaching methods |
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| Lectures, Tutorials |
| 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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| Credit | Credit | 100 (100) | 51 |
| Credit | Written test | 100 | 51 |