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Decision-Making Methods

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

Course Unit Code545-0259/03
Number of ECTS Credits Allocated6 ECTS credits
Type of Course Unit *Compulsory
Level of Course Unit *Second Cycle
Year of Study *First Year
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionCzech
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
SOU70RNDr. Radmila Sousedíková, Ph.D.
Summary
Subject concerns theory and application of linear mathematical programming, transportation, project management, inventory management, queuing analysis, and multi-criteria decision making.
Learning Outcomes of the Course Unit
Analysing decision-making processes, formulating their economic and mathematical models, solving the models by using management science methods, and interpreting results.
Course Contents
1 Management science, management science modelling techniques
2 Linear programming: model formulation and modelling examples
3 Linear programming: graphical solution and simplex method
4 Duality theory and sensitivity analysis
5 Transportation problems
6 Integer programming, goal programming
7 Graph theory
8 Project management, CPM, PERT
9 Inventory management
10 Queuing analysis
11 Multi-criteria decision making
Recommended or Required Reading
Required Reading:
TAYLOR, Bernard W. Introduction to Management Science. 10th ed. Upper Saddle River, New Jersey 07458. Prentice Hall, 2009. 840 pp. ISBN ISBN 978-0-13-606436-7.
JABLONSKÝ, Josef. Operační výzkum : kvantitativní modely pro ekonomické
rozhodování. 3.vyd. Praha : Professional Publishing, 2007. 323 s. ISBN 978-80-86946-44-3.
Recommended Reading:
HILLIER, Frederick S a Gerald J LIEBERMAN. Introduction to operations research. 8th ed. Burr Ridge: McGraw-Hill Higher Education, c2005, xxv, 1061 s. ISBN 0-07-321114-1.
FÁBRY, Jan. Matematické modelování. 1. vyd. Praha: Professional Publishing, 2011, 180 s. ISBN 978-80-7431-066-9.
ŠUBRT, Tomáš. Ekonomicko-matematické metody. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2011, 351 s. ISBN 978-80-7380-345-2.
FIALA, Petr. Operační výzkum: nové trendy. 1. vyd. Praha: Professional Publishing, 2010, 239 s. ISBN 978-80-7431-036-2.
Planned learning activities and teaching methods
Lectures, Tutorials
Assesment methods and criteria
Task TitleTask TypeMaximum Number of Points
(Act. for Subtasks)
Minimum Number of Points for Task Passing
Exercises evaluation and ExaminationCredit and Examination100 (100)51
        ExaminationExamination67 34
        Exercises evaluationCredit33 17