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SEN313 MULTI CRITERIA DECISION MAKING

SEN313 MULTI CRITERIA 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: 3 Type: Elective Language: English

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SEN313 MULTI CRITERIA DECISION MAKING

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  1. SEN313 MULTI CRITERIA 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: 3 • Type: Elective • Language: English • Web site: web.itu.edu.tr/topcuil/ya/SEN313

  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 • Outranking methods • Analytic Hierarchy Process / Analytic Network Process

  4. Course objectives • Giving fundamental topics on decision making • Modeling of decision making problems, providing students some methods those aid to solve decision problems with conflicting objectives • Improving students’ decision making skills

  5. Course learning outcomes Students who pass the course gain knowledge, skill and competency in the following subjects: • getting knowledge about basic terms of decision making • classifying and model decision making problems • solving the problem by an appropriate solving method • solving real world problems having conflicting criteria

  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. • Vincke, Ph., 1992. Multi Criteria Decision Aid. John Wiley & Sons, Inc., West Sussex Web sites of othercourses

  7. AssessmentCriteria • Final exam (40%), Midtermexams (40%), Assignment (20%) • Examswill be “multiplechoice test”, “openbook”,or "take home"

  8. Exams Midtermexam 1 • March 13, Multiplechoice test Midtermexam 2 • April 17, Takehome Final exam • At school, Open book

  9. Paperreview • Literature survey on a specific managerial decision making problem solved by various multi-criteria decision techniques. • Groups will present journal papers related with decision making at thelastweek.

  10. 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!

  11. Schedule

  12. 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

  13. Professor at IndustrialEngineeringdepartment of ITU (2011) • AssociateProfessorship in OperationsResearch (2005) • Ph.D. in ITU Engineering Management programme (2000) • Integrated decision aid model for multi-attribute problem solving • Ph.D. research at Centrefor Decision Research of LeedsUniversityBusinessSchool (1998-1999) • Researchinterests • Decision Analysis, MultiCriteria Decision Making, Group Decision Making • OperationsResearch / Management Science • Logistics Management, Ethics in OR, Business Ethics,Transp’n, Energy, Bidding and Tender Systems, Scheduling

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