IYB560E EXECUTIVE AND GROUP DECISION MAKING

Dr. Y. İlker TOPCUwww.ilkertopcu.net www.ilkertopcu.org www.ilkertopcu.info

facebook.com/yitopcu twitter.com/yitopcu

instagram.com/yitopcu

Dr. Özgür KABAKweb.itu.edu.tr/kabak/

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Credits: 3+0 ECTS Credits: 7 Type: Compulsory Language: English

Web site: web.itu.edu.tr/topcuil/ya/IYB560E

Course information

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Decision analysis Decision tables / payoff matrices Decision trees

Group decision making Voting Social choice functions

Multiple Criteria Decision Making Constructing the decision model Analyzing the problem

Elementary methods SAW, WP, TOPSIS

Analytic Hierarchy Process Analytic Network Process

Course description

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1. to provide students practical techniques and decision support tools those help them to solve decision problems

2. to enable students to integrate judgments with other types of information in a logical and defensible manner

3. to improve students’ decision making skills, their ability to analyze problems systematically, and their confidence in their own decision making

Course objectives

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Students who pass the course gain knowledge, skill and competency in the following subjects:

1. identifying common errors and traps that prevent them from making effective decisions,

2. learning how decision making process takes place, 3. using a range of decision making techniques to

improve the effectiveness of their decision making4. finding (choosing, ranking, or classifying) the

comprimise alternative for making a decision

Course learning outcomes

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Web site of the course Up-to-date lecture notes and supplements Solutions to exams and homeworkBooks Taylor B.W. 2012. Introduction to Management Science, Pearson

Education Inc., New Jersey. Render B., Stair Jr R.M., and Hanna M.E. 2011. Quantitative Analysis

for Management. Pearson Education Inc., New Jersey. Goodwin P., Wright G. 2010. Decision Analysis for Management

Judgment, John Wiley & Sons, New York. Saaty T.L. 2001. Decision Making for Leaders. RWS Publ., Pittsburg. Saaty T.L. 2005. Theory and Applications of the Analytic Network

Process. RWS Publ., Pittsburg.Web sites of other courses

References

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Final exam (40%), 2 Midterm exams (60%) All exams will be “open book” or "take home"

Assessment Criteria

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ExamsMidterm exam 1 January 25

Midterm exam 2 February 22

Final exam March 14

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Do not! Studying together to understand the material is

fine, but the work you hand in is to be your own. No cheating will be tolerated: A letter grade of F

will be given!

Cheating and Plagiarism

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ScheduleDATE SUBJ ECTJ an. 4 I ntrduction to Decision Making, J an. 11 Decision Making under Uncertainty and under Risk J an. 18 Utility, Decision Trees J an. 25 MI DTERM Feb. 1 Multiple Criteria Decision Making, Constructing the Decision ModelFeb. 8 Constructing the Decision Model, Elementary Methods Feb. 15 Analyzing the Problem in MCDM (SAW, WP, TOPSI S) Feb. 22 MI DTERM Feb. 29 Group Decision Making Mar. 7 Analytic Hierarchy Process, Super decisionsMar. 14 PROJ ECT (Fİ NAL)

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Assoc. Prof. Dr. Özgür KabakOffice addressManagement Faculty A311, Maçka, Istanbul 

Phone(212) 293 1300  /2039 office   /2073 secretary 

Web siteweb.itu.edu.tr/kabak/

E-mail addresskabak@itu.edu.tr

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Assoc. Prof. at Industrial Engineering department of ITU (2015)

Post-doc studies at Belgium Nuclear Research Centre (SCK.CEN) (2009-2010) A fuzzy multi attribute decision making approach for

nuclear safeguards information management Ph.D. in ITU Industrial Engineering programme (2008)

Modeling supply chain network using possibilistic linear programming and an application

Research interests Operations Research (Mathematical programming) Modeling Complex systems Fuzzy decision making

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Prof. Dr. Y. İlker TopcuOffice addressManagement Faculty C301, Maçka, Istanbul 

Phone(212) 293 1300  /2069 office - (532) 355 5045 mobile 

Web site

www.ilkertopcu.net, www.ilkertopcu.org, www.ilkertopcu.info, www.facebook.com/yitopcu, twitter.com/yitopcu

E-mail addressilker.topcu@itu.edu.tr

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Professor at Industrial Engineering department of ITU (2011)

Associate Professorship in Operations Research (2005) Ph.D. in ITU Engineering Management programme (2000)

Integrated decision aid model for multi-attribute problem solving

Ph.D. research at Centre for Decision Research of Leeds University Business School (1998-1999)

Research interests Decision Analysis, Multi Criteria Decision Making, Group

Decision Making Operations Research / Management Science Logistics Management, Ethics in OR, Business Ethics,

Transp’n, Energy, Bidding and Tender Systems, Scheduling