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Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMETRICS (MASTER) (WITH THESIS) | |
| Code | IEM758 |
| Name | Decision Analysis |
| Term | 2018-2019 Academic Year |
| Term | Fall |
| 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 | Doç. Dr. SEMİN TOPALOĞLU PAKSOY |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
This course focuses on solving complex decision making problems in economics and business area. The sub aim of the course is to make students learn decision making methods under uncertainty and risk, recognize the appropriate decision-making methods for different problems. In addition, by supporting theoretical knowledge with applications, adapting methods to real-life problems
Course Content
The course covers decision problems and structures, influence diagrams, decision tree and the calculation of expected values, making a choice and evaluation of information, the benefits and the expected benefit approach, decision making with multiattribute/multiobjective, dominance and multiple attributes, balancing conflicting objectives, AHP and TOPSIS methods
Course Precondition
Resources
Notes
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. |
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 | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 2 | Analytical approaches in decision analysis - Decision making under uncertainty | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 3 | Decision tree and decision-making under risk - successor probabilities | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 4 | Multi Criteria Decision Making (MCDM) and AHP | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 5 | AHP and Excel Application | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 6 | Multi Criteria Decision Making (MCDM) and TOPSIS Method | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 7 | TOPSIS Method and Excel Application | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 8 | Mid-Term Exam | ||
| 9 | VIKOR Method | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 10 | VIKOR Method and Excel Aplication | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 11 | Fuzzy MCDM | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 12 | Fuzzy MCDM and Excel Aplication | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 13 | An application in business and economic field | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 14 | Project presentation 1- Application of AHP in Excel | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 15 | Project presentation 2 - Application of AHP in Excel | Students will read the relevant chapters of the source books according to the topics of the weekly program | |
| 16 | Term Exams | ||
| 17 | Term Exams |
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 | ||