| Academic Unit: |
Industrial Engineering |
| Mode of Delivery: |
Face to face |
| Prerequisites: |
None |
| Language of Instruction: |
English |
| Level of Course Unit: |
Undergraduate |
| Course Coordinator: |
- - |
| Course Objectives: |
This course aims to introduce the main concepts and techniques used in the analysis and solution of decision problems under uncertainty, risk, and conflicting objectives. |
| Course Contents: |
The course consists of three main parts. The first part is concerned with structuring decision problems, introduces influence diagrams and decision trees, the solution procedures, and sensitivity analysis. The second part deals with modeling uncertainty, examines various approaches to assess uncertainty in decision contexts, and offers a way to assess the value of information. The third part focuses on modeling preferences, risk attitudes, and the tradeoffs between multiple objectives. Introduced concepts and techniques are implemented in decision-analysis software and exemplified with real-life cases in various contexts. |
| Learning Outcomes of the Course Unit (LO): |
- 1- Learn the basic concepts used in modeling decision problems under uncertainty, risk, and conflicting objectives.
- 2- Learn to mathematically formulate, to systematically analyze decision problems.
- 3- Learn to elicit the impact of uncertainty and to assess the value of information.
- 4- Understand the impact of risk attitudes and conflicting objectives.
- 5- Gain experience with a decision-analysis software.
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| Planned Learning Activities and Teaching Methods: |
Lectures, in-class and computer assignments, team project, exams |
At Kadir Has University, a Semester is 14 weeks; The weeks 15 and 16 are reserved for final exams.
THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)
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PQ1 |
PQ2 |
PQ3 |
PQ4 |
PQ5 |
PQ6 |
PQ7 |
PQ8 |
PQ9 |
PQ10 |
PQ11 |
PQ12 |
| LO1 |
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| LO2 |
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| LO3 |
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| LO4 |
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| LO5 |
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Contribution: 1 Low, 2 Average, 3 High
