TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMETRICS (MASTER) (WITH THESIS) | |
| Code | IEM758 |
| Name | Decision Analysis |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi SEMİN PAKSOY |
| Course Instructor |
Dr. Öğr. Üyesi SEMİN PAKSOY
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Determine appropriate methods for different conditions in decision-making problems, use the correct algorithms, and effectively analyze problems. The goal is for students to approach decision-making processes systematically and select the most suitable solution methods.
Course Content
This course will cover decision problems and decision-making processes, with a detailed examination of decision-making under certainty, uncertainty, and risk. Fundamental concepts such as decision trees and utility and expected utility approaches will be emphasized. Additionally, multi-criteria decision-making methods, including AHP, TOPSIS, and VIKOR, will be introduced and compared with fuzzy multi-criteria decision-making methods. The course will also demonstrate how these methods can be applied using Excel.
Course Precondition
No prerequisites are required
Resources
Anderson, D. R., Williams, D. (2003). An introduction to management science: Quantitative approaches to decision making. Thomson. Clemen, R. T. (1996). Making hard decisions: An introduction to decision analysis. Duxbury Press.
Notes
Evren, R., & Ülengin, F. (n.d.). Yönetimde çok amaçlı karar verme. İstanbul Teknik Üniversitesi (İTÜ). Rao, R. V. (2007). Decision making in the manufacturing environment. Springer.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Develops analytical thinking ability to analyze problems. |
| LO02 | By structuring problems, .gains the ability to classify problems. |
| LO03 | Gains the ability to use multi-criteria decision making techniques. |
| LO04 | Makes the right choice among alternatives |
| LO05 | Uses modern solution approaches |
| LO06 | Conduct decision tree analyses and evaluate different scenarios. |
| LO07 | Model and analyze decision-making processes using Excel. |
| LO08 | Use and compare fuzzy multi-criteria decision-making methods. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains contemporary concepts about Econometrics, Statistics, and Operation Research | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Explains relationships between acquired knowledge about Econometrics, Statistics, and Operation Research | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains how to apply acquired knowledge in the field to Economics, Business, and other social sciences | |
| PLO04 | Beceriler - Bilişsel, Uygulamalı | Performs conceptual analysis to develop solutions to problems | 3 |
| PLO05 | Beceriler - Bilişsel, Uygulamalı | Models problems with Mathematics, Statistics, and Econometrics | 4 |
| PLO06 | Beceriler - Bilişsel, Uygulamalı | Interprets the results obtained from the most appropriate method to predict the model | 5 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Synthesizes the information obtained by using different sources within the framework of academic rules in a field of research | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Uses acquired knowledge in the field to determine the vision, aim, and goals for an organization/institution | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Searches for new approaches and methods to solve problems being faced | 3 |
| PLO10 | Beceriler - Bilişsel, Uygulamalı | Presents analysis results conveniently | 5 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Collects/analyzes data in a purposeful way | 4 |
| PLO12 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Converts its findings into a master's thesis or a professional report in Turkish or a foreign language | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Develops solutions for organizations using Econometrics, Statistics, and Operation Research | 3 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Uses a package program/writes a new code for Econometrics, Statistics, and Operation Research | 4 |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Performs an individual work to solve a problem with Econometrics, Statistics, and Operation Research | 5 |
| PLO16 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Leads by taking responsibility individually and/or within the team | 4 |
| PLO17 | 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 | |
| PLO18 | 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 | 3 |
| PLO19 | Yetkinlikler - Alana Özgü Yetkinlik | Interprets data on economic and social events by following current issues | |
| PLO20 | Yetkinlikler - Alana Özgü Yetkinlik | Applies social, scientific and professional ethical values | 4 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Decision problems and their properties | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Decision Structures | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 3 | Decision Tree | Reading | Öğretim Yöntemleri: Anlatım, Problem Çözme |
| 4 | Making a Choice | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 5 | Sensitivity Analysis | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 6 | Decision Making | Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 7 | Modeling in Uncertainty Conditions | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Alıştırma ve Uygulama |
| 8 | Mid-Term Exam | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 9 | Evaluation of Information | Reading | Öğretim Yöntemleri: Anlatım, Tartışma |
| 10 | Utility Theory | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Conflicting Goals and Decision Making | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme, Tartışma |
| 12 | Multi-Criteria Decision Making | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 13 | Analytical Hierarchy Process | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme |
| 14 | TOPSIS Method | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | Decision Analysis with Excel | Reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Problem Çözme, Alıştırma ve Uygulama |
| 16 | Term Exams | Term Exams | Ölçme Yöntemleri: Ödev |
| 17 | Term Exams | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||