ECTS - Decision Analysis
Decision Analysis (AVM417) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Decision Analysis | AVM417 | 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, Discussion, Question and Answer, Drill and Practice, Problem Solving, Team/Group. |
| Course Lecturer(s) |
|
| Course Objectives | Students will identify the methodology of decision analysis in multiple objective and uncertainty environments. Students will be able to analyze a decision problem, define decision elements and structure the decision problem. Students will be able to implement techniques to solve decision problems and apply sensitivity analysis techniques. Students will be able to assess the value of information. Development of probabilistic decision models and analysis of expert judgment will be covered in this course. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Decision making in uncertain environments; element of decision problems, structuring of decision problems, solving decision problems, sensitivity analysis, expert judgment, multi-criteria decision models. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to Decision Making | |
| 2 | Elements of Decision Problems | |
| 3 | Decision Structuring | |
| 4 | Decision Structuring | |
| 5 | Decision Solving | |
| 6 | Decision Solving | |
| 7 | Sensitivity Analysis | |
| 8 | Sensitivity Analysis | |
| 9 | Expert Judgment | |
| 10 | Mid-Term Exam | |
| 11 | Theoretical Probability Decision Models | |
| 12 | Theoretical Probability Decision Models | |
| 13 | Value of Information | |
| 14 | Multi-Criteria Decision Models | |
| 15 | Multi-Criteria Decision Models | |
| 16 | Final Exam |
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. | |
| 5. Marshall T.K, and Oliver R.M., Decision Making and Forecasting, McGraw-Hill Inc., 1995. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 1 | 20 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 3 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| 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 | Critical thinking: Analyzing situations and generating effective solutions. | X | ||||
| 2 | Problem solving: Developing practical and innovative solutions to challenges. | |||||
| 3 | Teamwork: Collaborating effectively with teams working in different roles. | |||||
| 4 | Leadership skills: Managing teams and operations by taking initiative. | |||||
| 5 | Professional ethics: Adhering to professional standards and ethical values. | X | ||||
| 6 | Objective: To support students' general competencies and professional development. | |||||
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 | 14 | 3 | 42 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 1 | 8 | 8 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 10 | 10 |
| Prepration of Final Exams/Final Jury | 1 | 15 | 15 |
| Total Workload | 123 | ||