One of the most important responsibilities of managers in businesses is to make decisions. Today's competitive conditions require that optimal decisions be supported by numerical methods. The aim of this course is to gain the knowledge and skills to formulate a problem encountered in decision making, to establish the mathematical model, to obtain the solution from the model, to check and evaluate the model and its solution, to apply the obtained solution.
Prerequisite(s)
Corequisite(s)
Special Requisite(s)
Instructor(s)
Dr. Öğretim Üyesi Murat Taha Bilişik, Arş. Gör. Pınar Sarp
Course Assistant(s)
Schedule
Thursday, 11.00-12.50, Cats Distant Education
Office Hour(s)
Cats Chat Room
Teaching Methods and Techniques
-Cats Distant Learning Classes
-ppt slide shows
Principle Sources
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Other Sources
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Course Schedules
Week
Contents
Learning Methods
1. Week
Components of decision making, decision making without probabilities
Distant Learning
2. Week
Maximin,minimax, hurwicz criterion
Distant Learning
3. Week
Decision making with probabilities, expected value
Distant Learning
4. Week
Decision trees
Distant Learning
5. Week
Sequential decision tree analysis
Distant Learning
6. Week
Decision trees with posterior probabilities
Distant Learning
7. Week
Game theory
Distant Learning
8. Week
Mid Term
9. Week
Mid Term
10. Week
Markov analysis,states and state probabilities
Distant Learning
11. Week
Matrix of transition probabilities, predicting future market shares
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioural sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modelling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develops effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in Turkish, and acquires competence in minimum one foreign language.
Learning Outcomes
LO-1
To produce solutions to business problems using decision making techniques
LO-2
To gain economic data evaluation structure with analytical thinking structure
LO-3
To learn modeling and estimation by analyzing relations in economic data.
LO-4
To formulate a problem, to establish the mathematical model, to obtain the solution from the model, to check and evaluate the model and its solution, to gain the knowledge and ability to apply the obtained solution.
LO-5
To understand today's competitive conditions require that optimal decisions be supported by numerical methods.
