ECTS - Decision Analysis
Decision Analysis (IE418) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Decision Analysis | IE418 | Area Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration, Problem Solving, Team/Group, Project Design/Management. |
| Course Lecturer(s) |
|
| Course Objectives | Upon successful completion of this course, the student should be able to learn to give decisions in uncertain environments and in the presence of more than one objective. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Decision making in uncertain environments, value of information, risk seeking and risk averse behavior, utility functions, multi-objective decision making, goal programming. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to decision making | |
| 2 | Decision rules under non-stochastic Criteria | |
| 3 | Decision rules under non-stochastic Criteria | |
| 4 | Decision analysis under expected value criterion | |
| 5 | Decision analysis under expected value criterion | |
| 6 | Utility theory | |
| 7 | Utility theory | |
| 8 | Risk sharing | |
| 9 | Midterm | |
| 10 | Value of partial and perfect information | |
| 11 | Multi attribute utility functions | |
| 12 | Multi attribute utility functions | |
| 13 | Analytic hierarchy process | |
| 14 | Goal programming | |
| 15 | IE applications for decision analysis | |
| 16 | Final Examination Period |
Sources
| Course Book | 1. Clemen, R.T., and Reilly, T., Making Hard Decisions: An Introduction to Decision Analysis, 2nd edition, Duxbury Press, 2000. |
|---|---|
| Other Sources | 2. Raiffa, H., Decision Analysis, 2nd edition, Addison-Wesley, 1968. |
| 3. Holloway, C.A., Decision Making Under Uncertainty, Prentice Hall, 1979. | |
| 4. Winston, W.L., Operations Research, 2nd edition, PWS-KENT, 1991. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | - | - |
| Presentation | - | - |
| Project | 1 | 25 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 45 |
| Toplam | 3 | 100 |
| Percentage of Semester Work | 55 |
|---|---|
| Percentage of Final Work | 45 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| 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 | Has the ability to apply scientific knowledge gained in the undergraduate education and to expand and extend knowledge in the same or in a different area | |||||
| 2 | Can apply gained knowledge and problem solving abilities in inter-disciplinary research | |||||
| 3 | Has the ability to work independently within research area, to state the problem, to develop solution techniques, to solve the problem, to evaluate the obtained results and to apply them when necessary | |||||
| 4 | Takes responsibility individually and as a team member to improve systematic approaches to produce solutions in unexpected complicated situations related to the area of study | |||||
| 5 | Can develop strategies, implement plans and principles on the area of study and can evaluate obtained results within the framework | |||||
| 6 | Can develop and extend the knowledge in the area and to use them with scientific, social and ethical responsibility | |||||
| 7 | Has the ability to follow recent developments within the area of research, to support research with scientific arguments and data, to communicate the information on the area of expertise in a systematically by means of written report and oral/visual presentation | |||||
| 8 | To have an oral and written communication ability in at least one of the common foreign languages ("European Language Portfolio Global Scale", Level B2) | |||||
| 9 | Has software and hardware knowledge in the area of expertise, and has proficient information and communication technology knowledge | |||||
| 10 | Follows scientific, cultural, and ethical criteria in collecting, interpreting and announcing data in the research area and has the ability to teach. | |||||
| 11 | Has professional ethical consciousness and responsibility which takes into account the universal and social dimensions in the process of data collection, interpretation, implementation and declaration of results in mathematics and its 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 | 3 | 48 |
| Presentation/Seminar Prepration | |||
| Project | 1 | 15 | 15 |
| Report | |||
| Homework Assignments | |||
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 5 | 5 |
| Prepration of Final Exams/Final Jury | 1 | 9 | 9 |
| Total Workload | 125 | ||