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NUMERICAL DECISION MAKING METHODS COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
YBS321 NUMERICAL DECISION MAKING METHODS 5 3 3 5

Objectives and Contents

Objectives: 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.
Content: 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.