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Exact Methods of Decision Making I

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code634-2009/02
Number of ECTS Credits Allocated6 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *First Cycle
Year of Study *Third Year
Semester when the Course Unit is deliveredWinter Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites
PrerequisitiesCourse Unit CodeCourse Unit Title
714-2665Mathematics I
714-2666Mathematics II
Name of Lecturer(s)Personal IDName
LAM37Ing. Martin Lampa, Ph.D.
Summary
The subject is the introduction to basics of modelling and principles of
optimalization of mono and multicriterion managerial decision making in
economical (industrial) systems. It is oriented to: mathematical programming
(especially the linnear one), analysis of interdisciplinary linkages, critical
path method, basics of queue theory and theory of stock in the industrial company processes.
Learning Outcomes of the Course Unit
- student will be able to apply principles of mathematic programming (especially the linear one) to managerial decision making tasks,
- student will obtain the ability to model monocriterion and multicriteria managerial decision making tasks in industrial systems,
- student will learn how to solve relatively simple decision making tasks by application of exact methods,
- student will understand possibilities and limits of utilization of exact methods and routines in decision making processes in the industrial systems.
Course Contents
1. Decision making process.
2. Exact elements in the decision making process in industiral company.
3. Linear programming - modeling and solving the problem in industrial systems.
4. Simplex method.
5. Monocriterial and Multicriterial optimalization.
6. Solving non-linear problems.
7. Simulation of solving optimalization problems in industrial company processes
8. Stochastic problems.
9. Dynamic programming.
10. CPM.
11. PERT.
12. Sequence problems.
13. Inventory Control.
14. Game theory.
Recommended or Required Reading
Required Reading:
KUNC, M., J. MALPASS and L. WHITE. Behavioral Operational Research: Theory, Methodology and Practice. New York: Palgrave Macmillan, 2016. ISBN 978-1-13753-549-8.
KENNETH, D. L. and G. KLEINMAN. Applications of Management Science. New Jersey: Emerald Group Publishing Limited, 2015. ISBN 978-1-78441-211-1.
GROS, I. a J. DYNTAR. Matematické MODELY pro manažerské rozhodování. Praha: Vysoká škola Chemicko-technologická, 2015. ISBN 978-80-7080-910-5.
JABLONSKÝ, J. Operační výzkum. Kvantitativní modely pro ekonomické rozhodování. Praha: Professional Publishing, 2011. ISBN 978-80-86946-44-3
FOTR, J. aj. Manažerské rozhodování. Praha: Ekopress, 2016. ISBN 978-80-87865-33-0.
KUNC, M., J. MALPASS and L. WHITE. Behavioral Operational Research: Theory, Methodology and Practice. New York: Palgrave Macmillan, 2016. ISBN-13 978-1137535498.
Recommended Reading:
ANDERSON, D. R. Quantitative methods for business. Mason: South-Western Cengage Learning, 2010. ISBN 978-0-324-65181-2.
PLEVNÝ, M. a M. ŽIŽKA. Modelování a optimalizace v manažerském rozhodování. Plzeň: Zapadočeská univerzita, 2010. ISBN 80-7043-435-X.
Planned learning activities and teaching methods
Lectures, Tutorials, Project work
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Credit and ExaminationCredit and Examination100 (100)51
        CreditCredit35 21
        ExaminationExamination65 31