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MBA567E DECISION MAKING

MBA567E DECISION MAKING . Dr. Y. İlker TOPCU www.ilkertopcu. net www. ilkertopcu .org www. ilkertopcu . info www. facebook .com/ yitopcu twitter .com/ yitopcu. Course information. Credits: 3+0 ECTS Credits: 4 Type: Elective Language: English

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MBA567E DECISION MAKING

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  1. MBA567E DECISION MAKING Dr. Y. İlker TOPCU www.ilkertopcu.netwww.ilkertopcu.orgwww.ilkertopcu.info www.facebook.com/yitopcu twitter.com/yitopcu

  2. Course information • Credits: 3+0 • ECTS Credits: 4 • Type: Elective • Language: English • Web site: web.itu.edu.tr/topcuil/ya/MBA567E

  3. Course description • Decision analysis • Decision tables / payoff matrices • Decision trees • Group decision making • Voting • Social choice functions • Multiple Criteria Decision Making • Constructing the decision model • Analyzing the problem • Elementary methods • SAW, WP, TOPSIS • Analytic Hierarchy Process • Analytic Network Process

  4. Course objectives • 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

  5. Course learning outcomes 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 making process takes place, • using a range of decision making techniques to improve the effectiveness of their decision making • finding (choosing, ranking, or classifying) the comprimise alternative for making a decision

  6. References Web site of thecourse • Up-to-datelecturenotes and supplements • Solutionstoexams and homework Books • Taylor 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. Web sites of othercourses

  7. AssessmentCriteria • Final exam (40%), 2 Midtermexams (60%) • All exams will be “openbook” or "take home"

  8. Exams Midtermexam 1 • April 30, Takehome Midtermexam 2 • May 28, Takehome Final exam • June 24, At school, Openbook, 7:30 p.m.

  9. Cheating and Plagiarism • 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!

  10. Schedule

  11. Prof. Dr. Y. İlker Topcu Office address Management Faculty C301, Maçka, Istanbul Phone (212) 293 1300  /2069 office - (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

  12. 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 solving • Ph.D. research at Centre for Decision Research of Leeds University Business School (1998-1999) • Research interests • Decision Analysis, Multi Criteria Decision Making, Group Decision Making • Operations Research / Management Science • Logistics Management, Ethics in OR, Business Ethics, Transp’n, Energy, Bidding and Tender Systems, Scheduling

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