Learning Outcomes |
PO |
MME |
The students who succeeded in this course: |
|
|
LO-1 |
Can define decision problems and set mathematical models |
PO-7 The candidate can search theoretical and practical knowledge and skills which can gained in the field of Business Administration, can determine these knowledge and skills how it is used in practice and field analysis, can adapt and analyze these knowledge and skills, can make critical decisions, and can apply by reaching synthesis.
|
Examination |
LO-2 |
Can use mathematical techniques to solve decision problems and can make analysis on solutions |
PO-7 The candidate can search theoretical and practical knowledge and skills which can gained in the field of Business Administration, can determine these knowledge and skills how it is used in practice and field analysis, can adapt and analyze these knowledge and skills, can make critical decisions, and can apply by reaching synthesis.
|
Examination |
LO-3 |
Can apply the analysis and results of multi objective decision models to real life problems |
PO-7 The candidate can search theoretical and practical knowledge and skills which can gained in the field of Business Administration, can determine these knowledge and skills how it is used in practice and field analysis, can adapt and analyze these knowledge and skills, can make critical decisions, and can apply by reaching synthesis.
|
Examination Performance Project |
LO-4 |
Can make critical analysis, synthesize and evaluate of new and complex events. |
PO-7 The candidate can search theoretical and practical knowledge and skills which can gained in the field of Business Administration, can determine these knowledge and skills how it is used in practice and field analysis, can adapt and analyze these knowledge and skills, can make critical decisions, and can apply by reaching synthesis.
|
Examination Performance Project |
PO: Programme Outcomes MME:Method of measurement & Evaluation |
Course Contents |
Decision types and decision models, single objective decision making, goal programming, decision trees and multi-objective decision making, multi-objective decision making methods, Analytic hierarchy Process (AHP), Analytic Network Process (ANP), TOPSIS, PROMETHEE, ELECTRE, VIKOR, UTA, Data Envelopment Analysis (DEA). |
Weekly Course Content |
Week |
Subject |
Learning Activities and Teaching Methods |
1 |
Decision types and decision models |
verbal lecture and discussion |
2 |
Single objective decision making |
verbal lecture and discussion |
3 |
Goal programming |
verbal lecture and discussion |
4 |
Decision trees and Multi-Objective Decision Making |
verbal lecture and discussion |
5 |
Multi-Objective Decision Making Methods |
verbal lecture and discussion |
6 |
Analytic Hierarchy Process (AHP) |
verbal lecture and discussion |
7 |
Analytic Network Process (ANP) |
verbal lecture and discussion |
8 |
mid-term exam |
|
9 |
TOPSIS (Technique for Order Preference by Similarity to Ideal Solution) |
verbal lecture and discussion |
10 |
PROMETHEE (Preference Ranking Organization
METhod for Enrichment Evaluations)
|
verbal lecture and discussion |
11 |
ELECTRE (Elimination and Choice Translating
Reality) |
verbal lecture and discussion |
12 |
VIKOR (VIseKriterijumska Optimizacija I Kompromisno Resenje / Multicriteria Optimization and Compromise Solution), UTA (Utility Additive) |
verbal lecture and discussion |
13 |
Data Envelopment Analysis (DEA) |
verbal lecture and discussion |
14 |
Case studies for multi-objective decision making |
performance homework |
15 |
Case studies for multi-objective decision making |
performance homework |
16 |
final exam |
|
Recommend Course Book / Supplementary Book/Reading |
1 |
E. Triantaphyllou, Multi-Criteria Decision Making Methods: A Comparative Study, Kluwer Academic Publishers, 2000. |
2 |
T. Gal, T. Stewart and T. Hanne, Multicriteria Decision Making: Advances in MCDM Models, Algorithms, Theory, and Applications (International Series in Operations Research & Management Science), Springer; 1999. |
3 |
Greco, S., Figueira, J., & Ehrgott, M. (2016). Multiple criteria decision analysis. New York: Springer. |
Required Course instruments and materials |
Text Book, Writing Board, Projection Device |