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 | Natural & Applied Sciences Master's Degree |
| 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 | Ability to apply the acquired knowledge in mathematics, science and engineering | |||||
| 2 | Ability to identify, formulate and solve complex engineering problems | X | ||||
| 3 | Ability to accomplish the integration of systems | |||||
| 4 | Ability to design, develop, implement and improve complex systems, components, or processes | |||||
| 5 | Ability to select/develop and use suitable modern engineering techniques and tools | X | ||||
| 6 | Ability to design/conduct experiments and collect/analyze/interpret data | |||||
| 7 | Ability to function independently and in teams | |||||
| 8 | Ability to make use of oral and written communication skills effectively | |||||
| 9 | Ability to recognize the need for and engage in life-long learning | |||||
| 10 | Ability to understand and exercise professional and ethical responsibility | |||||
| 11 | Ability to understand the impact of engineering solutions | |||||
| 12 | Ability to have knowledge of contemporary issues | |||||
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 | ||