SubjectsSubjects(version: 898)
Course, academic year 2021/2022
  
Managerial Decision-making - AM501008
Title: Managerial Decision-making
Guaranteed by: Department of Economics and Management (837)
Actual: from 2020
Semester: winter
Points: winter s.:6
E-Credits: winter s.:6
Examination process: winter s.:
Hours per week, examination: winter s.:2/2 C+Ex [hours/week]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
Language: English
Teaching methods: full-time
Level:  
For type: Master's (post-Bachelor)
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Švecová Lenka doc. Ing. Ph.D.
Interchangeability : M501008
This subject contains the following additional online materials
Literature
Last update: Švecová Lenka doc. Ing. Ph.D. (08.02.2021)

R: KEPNER, H. CH., TREGOE, B. B. The New Rational Manager. Princeton, Princeton Research Press, 2013.

R: HAMMOND, J. S., KEENEY, R. L., RAIFFA, H. Smart Choices. A Practical Guide to Making Better Decisions. Harvard Business School Press, Boston 2002.

A: JOHNES, D.: Decision Making for Dummies. 2014.

A: BLOOM, P. J. Circle of Influence: Implementing Shared Decision Making and Participative Management. New Horizonts. 2000

Requirements to the exam -
Last update: Švecová Lenka doc. Ing. Ph.D. (08.02.2021)

Credit: tests, activity in exercises, simulation game

Exam: online tests from articles and other outputs on the topic (10%), final test (50%), team seminar work (30%), oral exam (10%).

Syllabus
Last update: Švecová Lenka doc. Ing. Ph.D. (10.02.2021)

1. Basic concepts and knowledge of decision-making (decision process and its steps, types of decision-making processes, optimization and satisfaction principles, decision quality, information in decision-making).

2. Risk and uncertainty in decision-making (subjective probability, risk attitude and utility functions, risk measurement).

3. Tools, methods and processes of decision making under certainty (identification, analysis and formulation of decision problems, selection criteria, creating options and determining their consequences, evaluation of alternatives).

4. Problem solving.

5. Methods of decision-making analysis.

6. Methods of creation and development of alternatives.

7. Multicriteria evaluation methods.

8. Methods and tools of risk decision making - decision matrix.

9. Methods and tools of risk decision making - probability trees and scenarios.

10. Methods and tools of risk decision making - decision trees.

11. Methods and tools of risk decision making - simulation Monte Carlo.

12. Methods and tools of risk decision making - decision-making rules for uncertainty, decision-making rules for risks.

13. Participatory decision-making and choice of decision style (participation rate and style of decision-making, participatory influence, participative decision process management, decision-making models).

14. Risk management (identification of risk factors and determination of their significance, risk assessment, risk mitigation, operational risk management).

Course completion requirements -
Last update: Švecová Lenka doc. Ing. Ph.D. (08.02.2021)

Credit: tests, activity in exercises, simulation game

Exam: online tests from articles and other outputs on the topic (10%), final test (50%), team seminar work (30%), oral exam (10%).

 
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