040624 FK KFK OR: Decision Analysis (2010W)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

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 We 08.09.2010 09:00 to We 22.09.2010 17:00
Registration is open from Tu 28.09.2010 09:00 to We 29.09.2010 17:00
Deregistration possible until Th 14.10.2010 23:59

Details

max. 50 participants

Language: English

Lecturers

Andreas Novak

Classes (iCal) - next class is marked with N

Tuesday 05.10. 13:00 - 15:00 Hörsaal 12
Tuesday 12.10. 13:00 - 15:00 Hörsaal 12
Tuesday 19.10. 13:00 - 15:00 Hörsaal 12
Tuesday 09.11. 13:00 - 15:00 Hörsaal 12
Tuesday 16.11. 13:00 - 15:00 Hörsaal 12
Tuesday 23.11. 13:00 - 15:00 Hörsaal 12
Tuesday 30.11. 13:00 - 15:00 Hörsaal 12
Tuesday 07.12. 13:00 - 15:00 Hörsaal 12
Tuesday 14.12. 13:00 - 15:00 Hörsaal 12
Tuesday 11.01. 13:00 - 15:00 Hörsaal 12
Tuesday 18.01. 13:00 - 15:00 Hörsaal 12
Tuesday 25.01. 13:00 - 15:00 Hörsaal 12

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 15:29