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Information
| Code | IEM1813 |
| Name | Dynamic Decision Models |
| Term | 2023-2024 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 4-0 (T-A) (17 Week) |
| ECTS | 8 ECTS |
| National Credit | 4 National Credit |
| Teaching Language | Türkçe |
| Level | Doktora Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. SÜLEYMAN BİLGİN KILIÇ |
| Course Instructor |
1 |
Course Goal / Objective
The objective of this course is to determinate optimum (best) course of actions of a decision problems, under uncertainity
Course Content
General introduction, discreate dynamic programming, backward recursive equations, problem of dimensionality in dynamic programming, Markovian decision process, scope of Makovian decision problems, finite stage models, infinitive stage models, linear programming solution of Markovian decision problems
Course Precondition
Statistical background
Resources
relevant statistical databases and Internet resources
Notes
relevant statistical and econometric packages
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Develops and defines new information by using current concepts in econometrics, statistics and operations research |
| LO02 | Develops and solves the problems by using mathematics, statistics and econometrics to create a new model |
| LO03 | Presents the results of the analysis appropriately; translates his / her findings into a doctoral dissertation in Turkish or foreign languages or a professional report |
| LO04 | Uses a package program on econometrics, statistics and operations research, or writes a new computer code |
| LO05 | Recognize and apply social, scientific and professional ethical values |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Identify an econometric problem and propose a new solution to it | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Develops new knowledge using current concepts in Econometrics, Statistics and Operations Research | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explain for what purpose and how econometric methods are applied to other fields and disciplines | 4 |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Using her knowledge, brings original solutions to problems in Economics, Business Administration and other social sciences | 3 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Creates a new model using mathematics, statistics and econometrics knowledge to solve the problem encountered | 2 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 1 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Collects data on purpose | 3 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field that does not research | 5 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 4 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | 2 |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | It researches current approaches and methods to solve the problems it encounters and proposes new solutions | 4 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops long-term plans and strategies using econometric and statistical methods | 1 |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs self-study using knowledge of Econometrics, Statistics and Operations to solve a problem | 3 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads the team by taking responsibility | 4 |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Being aware of the necessity of lifelong learning, it constantly renews itself by following the current developments in the field of study | 5 |
| PLO17 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | 5 |
| PLO18 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Uses a package program of Econometrics, Statistics, and Operation Research or writes a new code | 2 |
| PLO19 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Interprets the feelings, thoughts and behaviors of the related persons correctly/expresses himself/herself correctly in written and verbal form | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | |
| PLO21 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Introduction | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 2 | problem of dimensionality in dynamic programming | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 3 | discreate dynamic programming | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 4 | Markov decision process | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 5 | The scope of Makov decision problems | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 6 | finite stage models | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 7 | ifinite stage models | İlgili kaynak ve kitapların okunması | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Reading related literature and books | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Linear programming solution of Markov decision probelems | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 10 | backward recursive equations | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 11 | Steady State and Dynamic Equilibrium | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 12 | Entropy | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 13 | Input, Output and Feedback (Backflow) .. | Reading related literature and books | Öğretim Yöntemleri: Anlatım |
| 14 | Deterministic Systems | Reading related literature and books | Öğretim Yöntemleri: Soru-Cevap |
| 15 | Probabilistic systems | Reading related literature and books | Öğretim Yöntemleri: Alıştırma ve Uygulama |
| 16 | Term Exams | Reading related literature and books | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | Reading related literature and books | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 8 | 112 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 2 | 4 | 8 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 24 | 24 |
| Total Workload (Hour) | 212 | ||
| Total Workload / 25 (h) | 8,48 | ||
| ECTS | 8 ECTS | ||