Subject description - BD1M16MNR

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BD1M16MNR Managerial Decision Making Extent of teaching:2p+2c
Guarantors:Knápek J. Roles:PZ Language of
Teachers:Knápek J. Completion:Z,ZK
Responsible Department:13116 Credits:5 Semester:Z


System approach and decision making, Decision models, Games theory, Decision making under uncertainty and risk, Decisions with multiple objectives, Stochastic programming, Expert systems, Cluster analysis

Course outlines:

1. Overview, system approach
2. Decision making - definitions, classification, scales
3. Theory of games - methods of solution, typical applications
4. Decision making under risk and uncertainty - methods, applications
5. Decision making under uncertainty - methods, applications
6. Multiobjective optimization - introduction, criteria weights
7. Discrete multiobjective tasks - basic methods, applications
8. Discrete multiobjective tasks - advanced methods
9. Multiobjective vector tasks - basic methods, applications
10. Multiobjective vector tasks - advanced methods
11. Stochastic programming - active and passive methods
12. Expert methods - methods, organization
13. Expert methods - evaluation
14. Manager's role in decision

Exercises outline:

1. Linear programming - overview
2. Decision making - typical tasks
3. Matrix games, methods of solution
4. Decision under risk and uncertainty, typical tasks, solution
5. Multiobjective optimization - typical tasks
6. Discrete multiobjective tasks - methods of solution
7. Goals definition and criteria
8. Multiobjective vector tasks - methods of solution
9. Case - multiobjective decision (team work)
10. Stochastic programming - methods of solution
11. Test
12. Expert methods - criteria weights
13. Expert methods - case (team work)
14. Software support for decision making


1. Ragsdale J.: Managerial Decision Modeling. Thomson 2006
2. Dennis, L.T., Dennis, B.L. Management Science. St. Paul: West Publishing company 1991
3. Slak N., Cooke S.: Making Management Decisions: Prentice Hall 1991
4. Lapin L. L.: Quantitative Methods for Business Decisions. The Diden Press 1994
5. Wisniewski, M.: Quantitative Methods for Decision Makers, London: Pitman Publishing 1994




Subject is included into these academic programs:

Program Branch Role Recommended semester
MKEEM4_2018 Common courses PZ 3

Page updated 23.5.2019 17:53:38, semester: Z,L/2020-1, L/2019-20, Z,L/2018-9, Z/2019-20, Send comments about the content to the Administrators of the Academic Programs Proposal and Realization: I. Halaška (K336), J. Novák (K336)