Prof Dr Y İlker TOPCU wwwilkertopcu net www ilkertopcu org www ilkertopcu info facebookcom yitopcu twittercom yitopcu instagramcom yitopcu Credits 30 ID: 588378
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Slide1
MHY530E DECISION MAKING TECHNIQUES
Prof. Dr.
Y. İlker TOPCU
www.ilkertopcu.
net
www.
ilkertopcu
.org
www.
ilkertopcu
.
info
twitter.com/yitopcu
facebook.com/yitopcu
instagram.com/yitopcuSlide2Slide3
Credits: 3+0ECTS Credits:
7.5
Type:
ElectiveLanguage: EnglishWeb site: web.itu.edu.tr/topcuil/ya/MHY530E
Course informationSlide4
Multiple Criteria Decision Making
Structuring the problem (Cognitive Mapping
,
Fuzzy Cog. Map.)Constructing the model (Normalization, Prioritiz’n, Conjoint)Analyzing the problem
Analytic Hierarchy Process / Analytic Network Process
Elementary methodsMAVT, SMARTS, SAW, WP, TOPSISOutranking methods (PROMETHEE, ELECTRE)Group decision making (Social choice)Decision analysisDecision tables / payoff matricesUtility theory Decision trees
Course descriptionSlide5
to provide students practical techniques and decision support tools those help them to solve decision problems
to enable students to integrate judgments with other types of information in a logical and defensible manner
to improve students’ decision making skills, their ability to analyze problems systematically, and their confidence in their own decision making
Course objectivesSlide6
Students who pass the course gain knowledge, skill and competency in the following subjects:
identifying common errors and traps that prevent them from making effective decisions
learning how decision support systems relate to decision support
using a range of decision making techniques to improve the effectiveness of their decision making, finding (choosing, ranking, or classifying) the best alternative for making a decisionCourse learning outcomesSlide7
Web site of the
course
Up-to-date lecture notes and supplements
Solutions
to exams and homeworkBooksTaylor B.W. 2012. Introduction to Management Science, Pearson Education Inc., New Jersey.
Render B., Stair
Jr
R.M., and Hanna M.E. 2011.
Quantitative Analysis for Management
. Pearson Education Inc., New Jersey.
Goodwin P., Wright G. 2010. Decision Analysis for Management Judgment, John Wiley & Sons, New York.Saaty T.L. 2001. Decision Making for Leaders. RWS Publ., Pittsburg.Saaty T.L. 2005. Theory and Applications of the Analytic Network Process. RWS Publ., Pittsburg.Vincke, Ph., 1992. Multi Criteria Decision Aid. John Wiley & Sons, Inc., West SussexWeb sites of other courses
ReferencesSlide8
Final exam (4
0%), Midterm exam (
3
0%), Term project (30%)Exams will be either “take home” or “open book”Assessment CriteriaSlide9
Exams
Midterm exam
April 3, Take home
Final examAt school, Open bookSlide10
Term Project
Structuring, modeling, and
analysing
a multicriteria managerial decision making problem. Business and governmental problems are welcome. Personal problems can not be used for the term project!Groups will present their projects at the last week. IMPORTANT DATESDeadline for 1st
submission (
proposal): March 6Deadline for 2nd submission (literature survey): March 20Deadline for final submission (report
):
May 8
Presentations:
May 8 & May 15Slide11
Do not!Studying together to understand the material is fine, but the work you hand in is to be your own.
No cheating will be tolerated: A letter grade of F will be given!
Cheating
and PlagiarismSlide12
ScheduleSlide13
Prof. Dr. Y. İlker Topcu
Office
address
???, Maçka, Istanbul Phone(532) 355 5045 mobile Web site
www.ilkertopcu.
net, www.ilkertopcu.org, www.ilkertopcu.info, www.facebook.com/yitopcu, twitter.com/yitopcu
E-mail
address
ilker.
topcu
@
itu.edu.tr Slide14
Professor at
Industrial
Engineering department of ITU (2011)Associate Professorship in Operations Research (2005)Ph
.D. in ITU
Engineering Management programme (2000)Integrated decision aid model for multi-attribute problem solvingPh.D. research at Centre for Decision Research
of
Leeds
University
Business School (1998-1999)Research interestsDecision Analysis, Multi Criteria Decision Making, Group Decision MakingOperations Research / Management ScienceLogistics Management, Ethics in OR, Business Ethics, Transp’n, Energy, Bidding and Tender Systems, Scheduling