Mastering Executive and Group Decision Making with Dr. Ilker Topcu

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Dive into the world of decision analysis, decision trees, group decision making, and multiple criteria decision making in the course "Executive and Group Decision Making" taught by Dr. Ilker Topcu. Enhance your decision-making skills, learn practical techniques, and integrate judgments effectively to solve complex problems. Gain knowledge and competency to make logical and defensible decisions with confidence.

  • Decision Making
  • Dr. Ilker Topcu
  • Group Decision
  • Analytic Hierarchy Process
  • Decision Analysis
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  1. IYB560E EXECUTIVE AND GROUP DECISION MAKING Dr. Y. lker TOPCU www.ilkertopcu.net www.linkedin.com/in/ilker-topcu/ twitter.com/yitopcu facebook.com/yitopcu instagram.com/yitopcu Dr. zg r KABAK web.itu.edu.tr/kabak/

  2. 2

  3. Course information Credits: ECTS Credits: 7 Type: Language: 3+0 Compulsory English Web site: web.itu.edu.tr/topcuil/ya/IYB560E 3

  4. Course description 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 4

  5. Course objectives 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 5

  6. Course learning outcomes 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 making 4. finding (choosing, ranking, or classifying) the comprimise alternative for making a decision 6

  7. References Web site of the course Up-to-date lecture notes and supplements Solutions to exams and homework Books Taylor B.W. 2019. Introduction to Management Science. 13th edition, Pearson Education Inc. Render B., Stair Jr R.M., and Hanna M.E. 2018. Quantitative Analysis for Management. 13th edition, Pearson Education Inc. Balakrishnan N., Render B., Stair R.M. Jr. 2017. Managerial Decision Modeling with Spreadsheets. 4th Edition, Prentice Hall Goodwin P. and Wright G. 2014. Decision Analysis for Management Judgment. 5th edition, John Wiley & Sons Saaty T.L. and Vargas L.G. 2013. Decision Making with the Analytic Network Process. 2nd edition, Springer. Web sites of other courses 7

  8. Assessment Criteria Final exam (30%) Term Project (%30) 2 Homework Assignments (40%) 8

  9. Assessments Homework 1 February 2 February 9 Homework 2 February 23 March 2 Term Project March 30 Final exam April 6 9

  10. Term Project Structuring, modeling, and analysing a multicriteria decision making problem. A report will be submitted and a presentation will be made. Report and presentation content 1 - Problem Definition 2 Identification of alternatives and criteria 3 Construction of the decision matrix / hierarchy 4 Determination of the criteria importance 5 Analysis of the problem 5.1 Using an elementary method 5.2 Using a value-based method 6 Sensitivity Analysis 7 Final evaluation and recommendation 10

  11. Cheating and Plagiarism 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! 11

  12. Schedule DATE Jan. 19 Jan. 26 Decision Making under Uncertainty and under Risk Feb. 2 Utility, Decision Trees Feb. 9 MCDM, Constructing the Decision Model Feb. 16 Analyzing the Problem (Elementary Methods) Feb. 23 Analyzing the Problem (SAW, WP, TOPSIS) Mar.02 Analytic Hierarchy Process Mar.09 Analytic Network Process, Super decisions Mar.16 Analyzing the Problem (PROMETHEE, ELECTRE) Mar.23 Group Decision Making Mar.30 PROJECT PRESENTATIONS SUBJECT Introduction to Decision Making 12

  13. Prof. Dr. zgr Kabak Phone (212) 293 1300 /2073 secretary Web site web.itu.edu.tr/kabak/ E-mail address kabak@itu.edu.tr 13

  14. Professor 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 14

  15. Prof. Dr. Y. lker Topcu Phone: (532) 355 5045 mobile www.ilkertopcu.net www.linkedin.com/in/ilker-topcu/ twitter.com/yitopcu, facebook.com/yitopcu, instagram.com/yitopcu E-mail address: ilker.topcu@itu.edu.tr 15

  16. Professor at Industrial Engineering department, ITU (2011- ) Visiting Professor at The Joseph M. Katz Graduate School of Business, University of Pittsburgh (2018-2019) Ph.D. in ITU Engineering Management program (2000) Visiting Researcher 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 16

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