040056 FK KFK OR: Decision Analysis (2012S)

Decision Analysis

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

Alle Informationen zu dieser Lehrveranstaltung finden sie auf unserer Homepage

Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from Th 09.02.2012 09:00 to Mo 20.02.2012 17:00
Registration is open from Mo 27.02.2012 09:00 to Tu 28.02.2012 17:00
Deregistration possible until We 14.03.2012 23:59

Details

max. 50 participants

Language: English

Lecturers

Rudolf Vetschera

Classes (iCal) - next class is marked with N

Thursday 01.03. 10:00 - 12:00 Seminarraum 3
Thursday 08.03. 10:00 - 12:00 Seminarraum 3
Thursday 15.03. 10:00 - 12:00 Seminarraum 3
Thursday 22.03. 10:00 - 12:00 Seminarraum 3
Thursday 29.03. 10:00 - 12:00 Seminarraum 3
Thursday 19.04. 10:00 - 12:00 Seminarraum 3
Thursday 26.04. 10:00 - 12:00 Seminarraum 3
Thursday 03.05. 10:00 - 12:00 Seminarraum 3
Thursday 10.05. 10:00 - 12:00 Seminarraum 3
Thursday 24.05. 10:00 - 12:00 Seminarraum 3
Thursday 31.05. 10:00 - 12:00 Seminarraum 3
Thursday 14.06. 10:00 - 12:00 Seminarraum 3
Thursday 21.06. 10:00 - 12:00 Seminarraum 3
Thursday 28.06. 10:00 - 12:00 Seminarraum 3

Information

Aims, contents and method of the course

1. Introduction
1.1 Goals and Types of Decision Analysis
1.2 Elements of Decision Problems
1.3 Overview of Decision Processes
2. Elements of the Decision Process
2.1 Problems and Chances
2.2 Generating Alternatives
2.3 Evaluation and Preselection of Alternatives
3. Decisions under Uncertainty
3.1 Decisions under Ambiguity
3.2 Decisions under Risk: simple decision rules and expected utility theory
3.3 The Value of Information
3.4 Empirical results and extensions to expected utility theory
4. Decisions with multiple criteria
4.1 Overview
4.2 Additive models: Multitattribute utility theory and AHP
4.3 Outranking models

Assessment and permitted materials

In class exercises
Case assignment
Final exam

Minimum requirements and assessment criteria

Students shall gain an in-depth understanding of the purpose and process of decision analysis. They will become familiar with the most important concepts and methods, their possible fields of application and their limitations. They should be able to correctly apply those methods to practical problems.

Examination topics

The course consists of lectures and practical exercises, in which students solve cases using decision analysis software packages. The course is held in English.

Reading list

Association in the course directory

Last modified: Mo 07.09.2020 15:28