SubjectsSubjects(version: 954)
Course, academic year 2023/2024
  
Managerial Decision-making - AM501008
Title: Managerial Decision-making
Guaranteed by: Department of Economics and Management (837)
Faculty: Central University Departments of UCT Prague
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 [HT]
Capacity: unknown / unknown (unknown)
Min. number of students: unlimited
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Level:  
Note: course can be enrolled in outside the study plan
enabled for web enrollment
Guarantor: Švecová Lenka doc. Ing. Ph.D.
Interchangeability : M501008
Literature

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

Last update: Švecová Lenka (08.02.2021)
Requirements to the exam -

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%).

Last update: Švecová Lenka (08.02.2021)
Syllabus

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).

Last update: Švecová Lenka (10.02.2021)
Course completion requirements -

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%).

Last update: Švecová Lenka (08.02.2021)
Teaching methods
Activity Credits Hours
Obhajoba individuálního projektu 0.1 4
Účast na přednáškách 1 28
Příprava na přednášky, semináře, laboratoře, exkurzi nebo praxi 1.6 44
Práce na individuálním projektu 1.1 30
Příprava na zkoušku a její absolvování 1.2 34
Účast na seminářích 1 28
6 / 6 168 / 168
Coursework assessment
Form Significance
Defense of an individual project 30
Examination test 50
Continuous assessment of study performance and course -credit tests 10
Oral examination 10

 
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