GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION

DECISION ANALYSIS/5441307

COURSE INFO

-- LANGUAGE OF INSTRUCTION

Turkish

-- NAME OF LECTURER(S)

Prof.Dr. Ömer Faruk BAYKOC

-- WEB SITE(S) OF LECTURER(S)

www.gazi.edu.tr/~baykoc

-- EMAIL(S) OF LECTURER(S)

baykoc@gazi.edu.tr

-- LEARNING OUTCOMES OF THE COURSE UNIT

An ability to apply knowledge of mathematics, science, and engineering
An ability to identify, formulate, and solve engineering problems

-- MODE OF DELIVERY

The mode of delivery of this course is Face to face

-- PREREQUISITES AND CO-REQUISITES

There is no prerequisite or co-requisite for this course.

-- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS

There is no recommended optional programme component for this course.

--COURSE CONTENT
1. Week	Introduction to decision analysis: Decision analysis process, Elements of decision analysis
2. Week	Structuring decision: Influence diagramm, Decsison tree
3. Week	Making choices:Decision making under uncertainty and Risk
4. Week	Making choices: Risk profiles, Dominant alternatives.
5. Week	Complex decision and simulation: Increasing uncertainty environments, Complex decisions.
6. Week	Value of information: Prior and posterior probabilities.
7. Week	Utility theory: Expected utility, Certain equivalent, Risk premium.
8. Week	Midterm Exam
9. Week	Utility theory. Assesment of utility function, Risk tolerance and exponential utility functions.
10. Week	Sensitivity analysis: Two-way sensitivity analysis, Sensitivity to probabilities, Strategy regions.
11. Week	Multiple criteria decision making: Goal programming, Analytic hierarchy process.
12. Week	Game theory: Two-person zero-sum games.
13. Week	Term project presentations and interactive discussions
14. Week	Term project presentations and interactive discussions
15. Week	Term project presentations and interactive discussions
16. Week

-- RECOMMENDED OR REQUIRED READING

1. Clemen, R.T., Making Hard Decisions, PWS-Kent, 2 nd edition, 1996. 2. Holloway, C.A., Decision Making Under Uncertainty, Prentice Hall, 1979.

-- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS

Lecture, Question & Answer, Demonstration, Drill - Practise

-- WORK PLACEMENT(S)

Not Applicable

-- ASSESSMENT METHODS AND CRITERIA

	Quantity	Percentage
Mid-terms	1	25
Assignment	0	0
Exercises	0	0
Projects	1	25
Practice	0	0
Quiz	1	0
Contribution of In-term Studies to Overall Grade		50
Contribution of Final Examination to Overall Grade		50

-- WORKLOAD

Efficiency	Total Week Count	Weekly Duration (in hour)	Total Workload in Semester
Theoretical Study Hours of Course Per Week	15	3	45
Practising Hours of Course Per Week			0
Reading	8	2	16
Searching in Internet and Library	10	3	30
Designing and Applying Materials	5	5	25
Preparing Reports	5	4	20
Preparing Presentation	4	6	24
Presentation	1	1	1
Mid-Term and Studying for Mid-Term	8	2	16
Final and Studying for Final	9	1	9
Other			0
TOTAL WORKLOAD:			186
TOTAL WORKLOAD / 25:			7.44
ECTS:			7.5

-- COURSE'S CONTRIBUTION TO PROGRAM

Gazi University