ECTS - Decision Making Analysis
Decision Making Analysis (MDES654) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Decision Making Analysis | MDES654 | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | N/A |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture. |
| Course Lecturer(s) |
|
| Course Objectives | This course aims to give the students the theory and practical tools of decision making with the purpose of aiding them during their graduate research. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Conflicting objectives in decision making; decision problems under certainty; utility theory for single-attribute and multi-attribute problems in decision analysis; individual versus group decisions. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introductory and historical overview of decision making. Sample cases. | Related pages of the textbook and other sources |
| 2 | Basic concepts. Decision trees... | Related pages of the textbook and other sources |
| 3 | Multi-attribute problems under certainty. Domination, efficient frontier solutions, lexico-graphic ordering, indifference curves, value functions. | Related pages of the textbook and other sources |
| 4 | Multi-attribute problems under certainty. Domination, efficient frontier solutions, lexico-graphic ordering, indifference curves, value functions. | Related pages of the textbook and other sources |
| 5 | Problems under uncertainty. Utility Theory. Utility functions for single-attribute problems. Assessment of utility functions. Risk aversion. | Related pages of the textbook and other sources |
| 6 | Problems under uncertainty. Utility Theory. Utility functions for single-attribute problems. Assessment of utility functions. Risk aversion. | Related pages of the textbook and other sources |
| 7 | Problems under uncertainty. Utility Theory. Utility functions for single-attribute problems. Assessment of utility functions. Risk aversion. | Related pages of the textbook and other sources |
| 8 | Problems under uncertainty. Utility Theory. Utility functions for single-attribute problems. Assessment of utility functions. Risk aversion. | Related pages of the textbook and other sources |
| 9 | Midterm | - |
| 10 | Multi-attribute problems under uncertainty. Utility independence. Assessment of multi-attribute utility functions. Additivity, multiplicativity and decomposition of utility functions. Hierarchical attributes for decision making. | Related pages of the textbook and other sources |
| 11 | Multi-attribute problems under uncertainty. Utility independence. Assessment of multi-attribute utility functions. Additivity, multiplicativity and decomposition of utility functions. Hierarchical attributes for decision making. | Related pages of the textbook and other sources |
| 12 | Multi-attribute problems under uncertainty. Utility independence. Assessment of multi-attribute utility functions. Additivity, multiplicativity and decomposition of utility functions. Hierarchical attributes for decision making. | Related pages of the textbook and other sources |
| 13 | Overview of applications of decision making. | Related pages of the textbook and other sources |
| 14 | Paper presentations | - |
| 15 | Overall review | - |
| 16 | Final exam | - |
Sources
| Course Book | 1. [1] R.L. Keeney and H. Raiffa, Decisions with Multiple Objectives: Preferences and Value Tradeoffs, Cambridge University Press, 1993. |
|---|---|
| Other Sources | 2. [2] D.E. Bell, H. Raiffa, and A. Tversky, Decision Making: Descriptive, Normative, and Prescriptive Interactions, Cambridge University Press, 1988. |
| 3. [3] R.L. Keeney, Value-Focused Thinking: A Path to Creative Decision Making, Harvard University Press, 1996. | |
| 4. [4] H. Raiffa, Decision Analysis: Introductory Lectures on Choices under Uncertainty, Addison-Wesley, 1968. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 3 | 25 |
| Presentation | 1 | 15 |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 30 |
| Toplam | 6 | 100 |
| Percentage of Semester Work | 70 |
|---|---|
| Percentage of Final Work | 30 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | X |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Gains the ability to understand and apply knowledge in the fields of mathematics, science and basic sciences at the level of expertise. | |||||
| 2 | Gains the ability to access wide and deep knowledge in the field of Engineering by doing scientific research with current techniques and methods, evaluate, interpret and implement the gained knowledge. | |||||
| 3 | Being aware of the latest developments his/her field of study, defines problems, formulates and develops new and/or original ideas and methods in solutions. | |||||
| 4 | Designs and applies theoretical, experimental, and model-based research, analyzes and interprets the results obtained at the level of expertise. | |||||
| 5 | Gains the ability to use the applications, techniques, modern tools and equipment in his/her field of study at the level of expertise. | |||||
| 6 | Designs, executes and finalizes an original work process independently. | |||||
| 7 | Can work in interdisciplinary and interdisciplinary teams, lead teams, use the information of different disciplines together and develop solution approaches. | |||||
| 8 | Pays regard to scientific, social and ethical values in all professional activities and acquires responsibility consciousness at the level of expertise. | |||||
| 9 | Contributes to the literature by communicating the processes and results of his/her academic studies in written form or orally in national and international academic environments, communicates effectively with communities and scientific staff working in the field of specialization. | |||||
| 10 | Gains the skill of lifelong learning at the level of expertise. | |||||
| 11 | Communicates verbally and in written form using a foreign language at least at the European Language Portfolio B2 General Level. | |||||
| 12 | Recognizes the social, environmental, health, safety, legal aspects of engineering applications, as well as project management and business life practices, being aware of the limitations they place on engineering applications. | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 2 | 32 |
| Presentation/Seminar Prepration | 1 | 24 | 24 |
| Project | |||
| Report | |||
| Homework Assignments | 3 | 4 | 12 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 8 | 8 |
| Prepration of Final Exams/Final Jury | 1 | 10 | 10 |
| Total Workload | 134 | ||