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    Syllabus+MCDM 2020

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    trần thị ngọc trâm
    This 3 credit undergraduate course provides an overview of multi-criteria decision making (MCDM) methods. Students will learn various MCDM techniques like AHP, ANP, WASPAS and TOPSIS to choose the best alternative across business and public/private sector decisions based on evaluation criteria. The 14 week course covers topics like decision making under uncertainty, normalization methods, weighted sum/product methods, and MCDM applications like ELECTRE and AHP. Students will complete a group assignment applying one MCDM method to a decision problem with alternatives, criteria, sensitivity analysis and results validation. Assessment includes a midterm, final exam, and group presentation.

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    Syllabus+MCDM 2020

    Uploaded by

    trần thị ngọc trâm
    16 views2 pages
    This 3 credit undergraduate course provides an overview of multi-criteria decision making (MCDM) methods. Students will learn various MCDM techniques like AHP, ANP, WASPAS and TOPSIS to choose the best alternative across business and public/private sector decisions based on evaluation criteria. The 14 week course covers topics like decision making under uncertainty, normalization methods, weighted sum/product methods, and MCDM applications like ELECTRE and AHP. Students will complete a group assignment applying one MCDM method to a decision problem with alternatives, criteria, sensitivity analysis and results validation. Assessment includes a midterm, final exam, and group presentation.

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    This 3 credit undergraduate course provides an overview of multi-criteria decision making (MCDM) methods. Students will learn various MCDM techniques like AHP, ANP, WASPAS and TOPSIS to choose the best alternative across business and public/private sector decisions based on evaluation criteria. The 14 week course covers topics like decision making under uncertainty, normalization methods, weighted sum/product methods, and MCDM applications like ELECTRE and AHP. Students will complete a group assignment applying one MCDM method to a decision problem with alternatives, criteria, sensitivity analysis and results validation. Assessment includes a midterm, final exam, and group presentation.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    16 views2 pages

    Syllabus+MCDM 2020

    Uploaded by

    trần thị ngọc trâm
    This 3 credit undergraduate course provides an overview of multi-criteria decision making (MCDM) methods. Students will learn various MCDM techniques like AHP, ANP, WASPAS and TOPSIS to choose the best alternative across business and public/private sector decisions based on evaluation criteria. The 14 week course covers topics like decision making under uncertainty, normalization methods, weighted sum/product methods, and MCDM applications like ELECTRE and AHP. Students will complete a group assignment applying one MCDM method to a decision problem with alternatives, criteria, sensitivity analysis and results validation. Assessment includes a midterm, final exam, and group presentation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Syllabus - Fall 2020

    The information on this syllabus may change. For the most up-to-date syllabus, check this site on the related day of
    classes. This course provides an overview of Multi Criteria Decision Making methods. Students will learn variety of multi-
    criteria decision making techniques including AHP, ANP, WASPAS, TOPSIS etc. Students will learn to choose the best
    possible alternative in bussiness also decisions on public or private sectors to satisfy objective considering evaluation
    criteria.

    Program Information
    This is a two-credit undergraduate level elective course.
    Course and Instructor Information
    Course Multi-Criteria Decision Making
    Credits: 3
    Instructor: Sukran Seker, PhD
    E-mail: [email protected]; [email protected]
    Textbook: Instructor´s lecture notes, Multiple Attribute Decision Making:Methods and Applications,
    Gwo-Hshiung Tzeng, Jih-Jeng Huang, CRC press, 2011.

    Course Objectives
    The aim of the course, to enable students to use the multicriteria decision making methods (MCDM) by employing
    quantitative methods. Accordingly, in order to make business decisions using ranking irregularities, ELECTRE methods, the
    Analytic Hierarchy Process (AHP), decision-making applications are used to identify the variables and their suitability
    ratings for decisions. Students will be able to use Multi-criteria decision making techniques, partially or completely be able
    to rank the alternatives, and make decisions under conditions of uncertainty and high risk.

    Course Outline
    Topic
    Week Lecture/Seminar Hour
    Introduction to MCDM
    The need for decision making
    1.2 Key figures in decision making 2+2
    Manegerial decision modeling

    Decision Making Under Uncertainty


    Maximax Criterion
    3 MaximinCriterion 2
    Criterion of Realism
    Minimax regret

    Introduction to MCDM
    4 MCDM applications, Normalization methods 2
    Simple Additive Weighting Method

    Weighted Sum Method (WSM) Weighted Product Method (WPM)


    5 2
    WASPAS method

    Analytic Hierarchy Method (AHP) and Case study


    6 2
    Technique for Order Preference by Similarity to an Ideal Solution
    7 (TOPSIS) method and Case study 2

    Mid-Term Exam
    8
    9 ELECTRE (Elemination and Choice Translating Reality English) method

    10 MCDM method and application


    2

    11 MCDM method and application


    2

    12 Presentations(Assignment)
    2

    13 Presentations(Assignment)
    2

    14 Presentations(Assignment)

    Grading:
    Midterm: 30%
    Presentation: 30%
    Final Exam: 40%

    Assignment: A team, which consist of up to 3 students, will select a decision making problem
    from various areas (supplier selection, transportation, safety,medical etc.)
    -Determine alternative
    -Determine evaluation criteria
    -Apply one MCDM method (different from classess preferable, hybrid method preferable)
    -Apply the MCDM method using Excel sheeet in detail
    -To validate results apply sensitivity analysis using graphic
    -Comment results in detail

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