FACULTY OF BUSINESS

Department of Business Administration

BA 325 | Course Introduction and Application Information

Course Name
Advanced Decision Making Techniques
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 325
Fall/Spring
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery Online
Teaching Methods and Techniques of the Course Discussion
Group Work
Problem Solving
Q&A
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course aims to provide students with the knowledge and skills that will enable them to make accurate and effective decisions in business life.
Learning Outcomes The students who succeeded in this course;
  • Will be able to define the basic concepts of decision making process.
  • Will be able to model various decision making problems in service and manufacturing organizations.
  • Will be able to make proper decisions against uncertain problems.
  • Will be able to identify an appropriate decision making technique according to the type of problem.
  • Will be able to deliver solutions to multi-criteria problems.
Course Description This course teaches techniques used to make decisions accurately and effectively, individually or in groups, in situations involving many different goals and uncertainty in the business world.

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Defining a Good and Effective Decision
2 Decisions in Organizations Kolb, D. A., Osland, J., Rubin, I. M., Rubin, I. M., & Osland, J. (1991). Organizational behavior: An experiential approach (pp. 308-312). Englewood Cliffs, NJ: Prentice-Hall.
3 Decision Making In Case of Uncertainty Chapter 12 - Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition, Prentice-Hall, New Jersey, ISBN-13: 978-0132752008
4 Decision Trees Quinlan, J. R. (1990). Decision trees and decision-making. IEEE Transactions on Systems, Man, and Cybernetics, 20(2), 339-346.
5 Multi-criteria Decision Making Kainuma, Y., & Tawara, N. (2006). A multiple attribute utility theory approach to lean and green supply chain management. International Journal of Production Economics, 101(1), 99-108.
6 Multi-criteria Decision Making Azimifard, A., Moosavirad, S. H., & Ariafar, S. (2018). Selecting sustainable supplier countries for Iran's steel industry at three levels by using AHP and TOPSIS methods. Resources Policy, 57, 30-44.
7 Multi-criteria Decision Making Azimifard, A., Moosavirad, S. H., & Ariafar, S. (2018). Selecting sustainable supplier countries for Iran's steel industry at three levels by using AHP and TOPSIS methods. Resources Policy, 57, 30-44.
8 Multiobjective Linear Programming Chapter 9 - Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition, Prentice-Hall, New Jersey, ISBN-13: 978-0132752008
9 Game Theory Chapter 1 - Osborne, M. J. (2004). An introduction to game theory (Vol. 3, No. 3). New York: Oxford university press.
10 Group Decision Making Borden, D. S., Shaw, G., & Coles, T. (2017). Consensus building in social marketing campaigns through the Delphi method. Social Marketing Quarterly, 23(4), 354-367.
11 Tools to Assist Decision Making Gangidi, P. (2019), "A systematic approach to root cause analysis using 3 × 5 why’s technique", International Journal of Lean Six Sigma, Vol. 10 No. 1, pp. 295-310.
12 Systems for Decision Making Govindan, K., Mina, H., & Alavi, B. (2020). A decision support system for demand management in healthcare supply chains considering the epidemic outbreaks: A case study of coronavirus disease 2019 (COVID-19). Transportation Research Part E: Logistics and Transportation Review, 138, 101967.
13 Presentations
14 Presentations
15 The Review of the Semester
16 Final Exam

 

Course Notes/Textbooks

Foundations of Decision Analysis, Global Edition
Ronald A. Howard, Ali E. Abbas
ISBN 10: 129207969X  ISBN 13: 9781292079691
Publisher: Pearson, 2015.

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
5
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
1
25
Project
1
25
Seminar / Workshop
Oral Exams
Midterm
Final Exam
1
45
Total

Weighting of Semester Activities on the Final Grade
3
55
Weighting of End-of-Semester Activities on the Final Grade
1
45
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
3
42
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
1
25
25
Project
1
25
25
Seminar / Workshop
0
Oral Exam
0
Midterms
0
Final Exam
1
40
40
    Total
180

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to solve problems with an analytical and holistic viewpoint in the field of business administration.

X
2

To be able to present the findings and solutions to the business problems in written and oral formats.

X
3

To be able to interpret the application of business and economic concepts, and philosophies at the national and international levels.

4

To be able to use innovative and creative approach for real-life business situations.

X
5

To be able to demonstrate leadership skills in different business situations.

6

To be able to interpret the reflections of new technologies and softwares to business dynamics.   

7

To be able to integrate knowledge gained in the five areas of business administration (marketing, production, management, accounting, and finance) through a strategic perspective.

X
8

To be able to act in accordance with the scientific and ethical values in studies related to business administration.

9

To be able to work efficiently and effectively as a team member.

X
10

To be able to have an ethical perspective and social responsiveness when making and evaluating business decisions.

11

To be able to collect data in the area of business administration and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout the human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


NEWS |ALL NEWS

Izmir University of Economics
is an establishment of
izto logo
Izmir Chamber of Commerce Health and Education Foundation.
ieu logo

Sakarya Street No:156
35330 Balçova - İzmir / Turkey

kampus izmir

Follow Us

İEU © All rights reserved.