Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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YBS321 | NUMERICAL DECISION MAKING METHODS | 5 | 3 | 3 | 5 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | , TYY: + , EQF-LLL: , QF-EHEA: |
Type of the Course : | Elective |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to make use of the mathematical models to solve decision problems and their applications, to identify the correct method, to identify and to perform the necessary analyses. |
Contents of the Course Unit: | Contents of the course include theoretical and practical teaching of the subjects such as project management, production planning and inventory control, mass production planning, stock control systems, process management and capacity planning, modelling, linear programming, optimization problems, business design, quality control, transmission model, assignment model and transfer model, project programming and control techniques-PERT/CPM, decision analysis, game theory, queuing theory, decision-making, decision-making problems, decision-making process, benefit theory, certainty, decision-making under uncertainty and risk, numerical decision-making, computer aided decision-making, computer aided problem solving and simulation. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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Use optimization problems (linear programming models) as a tool for decision making. |
Evaluate the resources effectively for the organization. |
Analyze existing resources for efficiency. |
Distinguish between efficient and inefficient sources. |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | - | Numerical decision-making techniques General introduction | Lecture & Practice – Exercise & Team/Group Work |
2 | Literature Review | Model concept and optimization, introduction to linear programming | Lecture & Practice – Exercise & Team/Group Work |
3 | Literature Review | Linear programming: basic concepts and modelling | Lecture & Practice – Exercise & Team/Group Work |
4 | Literature Review | Linear programming: solution concept | Lecture & Practice – Exercise & Team/Group Work |
5 | Literature Review | Linear programming: sensitivity analysis | Lecture & Practice – Exercise & Team/Group Work |
6 | Literature Review | Linear programming: Simplex method and Duality | Lecture & Practice – Exercise & Team/Group Work |
7 | Literature Review | Integer Linear programming: Modelling | Lecture & Practice – Exercise & Team/Group Work |
8 | - | MID-TERM EXAM | - |
9 | Literature Review | 0 – 1 programming: Modelling | Lecture & Practice – Exercise & Team/Group Work |
10 | Literature Review | Data envelopment analysis | Lecture & Practice – Exercise & Team/Group Work |
11 | Literature Review | Markov analysis | Lecture & Practice – Exercise & Team/Group Work |
12 | Literature Review | Estimation methods | Lecture & Practice – Exercise & Team/Group Work |
13 | Literature Review | Decision-making analysis: decision making under uncertainty | Lecture & Practice – Exercise & Team/Group Work |
14 | Literature Review | Decision-making analysis: decision making under risk | Lecture & Practice – Exercise & Team/Group Work |
15 | Literature Review | Introduction to project management | Lecture & Practice – Exercise & Team/Group Work |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Celikbilek, Y. (2018). Cok Kriterli Karar Verme Yontemleri - Aciklamalı ve Karsilastirmali Saglik Bilimleri Uygulamalari. Nobel Akademik Publications. |
Ozcan, Y. (2013). Saglik Kurumlari Yonetiminde Sayısal Yontemler–Teknikler ve Uygulamalar. Cevirenler: Sahin Kavuncubasi ve Selami Yildirim. Siyasal Bookstore. |
Timor, M. (2010). Yoneylem arastirmasi. Turkmen Bookstore. |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.
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2 |
Recognize the entries in the book and financial balance sheet of the business organization.
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3 |
Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.
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KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Summarize historical development of the international trade theories by adhering to the chronological order.
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2 |
Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.
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3 |
Solve financial and legal problems confronted in international trade practices.
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SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.
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2 |
Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.
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SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.
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OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Relate knowledge about economic globalization and internationalization with current knowledge in the field.
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OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.
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OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explain demands in written or verbally by using the foreign language skill in business and social life effectively.
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2 |
Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.
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3 |
Design a healthy communication network for themselves in the business world by using social life skills.
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OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.
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2 |
Develop suggestions for international trade policies by determining economic problems in the macro level.
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3 |
Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market
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4 |
Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.
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WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 13 | 2 | 26 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 7 | 5 | 35 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 5 | 4 | 20 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 41 | 0 | 125 |
Total Workload of the Course Unit | 125 | ||
Workload (h) / 25.5 | 4,9 | ||
ECTS Credits allocated for the Course Unit | 5,0 |