Department of Business Administration

Introduction to Multi-Criteria Decision Making(G362)

Content
Course Code Course Name Semester Theory Practice Lab Credit ECTS
G362 Introduction to Multi-Criteria Decision Making 6 3 0 0 3 5
Prerequisites
Admission Requirements
Language of Instruction Turkish
Course Type Elective
Course Level Bachelor Degree
Course Instructor(s) Tuncay GÜRBÜZ tuncaygurbuz09@gmail.com (Email)
Assistant
Objective The purpose of this course is to give an introduction to the concept of Multi-Criteria Decision Making (MCDM). Students will have information on the basic methods that structured the starting point of the domain as well as majorly used methods in the literature whilst examining their various application fields.
Content Week 1. MCDM – A General Overview,
Basic Definitions,
Normalization
Week 2. Classification of MCDM Methods,
Quantitative/Qualitative Data,
Attribute Generation and Weighting
Week 3. Attribute Weighting
Quantification of Qualitative Data
Week 4. Non Compensatory MCDM Methods
Week 5. Compensatory MCDM Methods,

Week 6. Distance Based Methods I
Week 7. Distance Based Methods II
Week 8. MIDTERM
Week 9. Pairwise comparison based methods I
Week 10. Pairwise comparison based methods II
Week 11. Group Decision Making
Social Choice Functions
Week 12. Additional Methods
Week 13. MCDM Applications
Week 14. Project Presentations
Course Learning Outcomes At the end of the course, the student will be able to,
1. Develop a comprehension of qualitative and quantitative data and be able to simultaneously handle them in order to achieve a final decision.
2. Apply the MCDM concept for various decision processes.
3. See different application fields in order to better understand the subject and be able to discover new application fields.
Teaching and Learning Methods Subject explanation, numerical examples et case studies.
References K. Paul YOON, Ching-Lai HWANG, Multiple Attribute Decision Making – An Introduction, Sage Publications, California, USA, 1995.

Ching-Lai HWANG, Ming-Jeng Lin, Group Decision Making under Multiple Criteria, Springer Verlag, New York, USA, 1987.

Thomas L. Saaty, Müjgan S. Özdemir, A Dictionary of Decisions with Dependence and Feedback Based on the Analytic Network Process, RWS Publications, Pittsburgh, USA, 2005.

Bahadır YILDIRIM, Emrah Önder (Editörler), İşletmeciler, Mühendisler ve Yöneticiler için Operasyonel, Yönetsel ve Stratejik Problemlerin Çözümünde Çok Kriterli Karar Verme Yöntemleri, 2. Baskı,DORA Basım Yayın, Bursa, Türkiye, 2015.
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Weekly Contents
Theory Topics
Week Weekly Contents
Practice Topics
Week Weekly Contents
Assessment System
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 0 0
Contribution of final exam to overall grade 0 0
Toplam 0 0
In-Term Studies
  Number Contribution
Assignments 0 0
Presentation 0 0
Midterm Examinations (including preparation) 0 0
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 0 0
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 0 0
Relation of Proficiency
No Program Learning Outcomes Contribution
1 2 3 4 5
1 The acquisition of high-level knowledge of the functions of production management and marketing, management, accounting and finance; the skill of using this knowledge.
2 The acquisition of basic conceptual knowledge about scientific fields related to professional life, such as law, economics, sociology, psychology, social psychology and quantitative methods.
3 The ability to work effectively in a team; the ability to pass on knowledge to other members of the team.
4 The competence to use his/her knowledge on the field, to analyze and interpret the data obtained, to identify the problems encountered, to provide appropriate solutions and scientifically defend these solution suggestions when necessary.
5 The competence to determine the aims and objectives of the company or institution in which he/she is employed by taking into account the needs, the competitive dynamics of the market and by calculating the risks incurred; the ability to engage in entrepreneurship and establish and manage a business.
6 Awareness of constantly updating his/her professional knowledge and skills; the ability to adapt to change and innovation; the competence to evaluate critically the information he/she has acquired.
7 Basic knowledge of information and communication technologies required for professional life; the ability to use core office programs at an advanced level; expertise in data processing and report writing in the IT environment.
8 Ability to follow current information in his/her field in both English and French and to communicate in writing and verbally with stakeholders in both languages.
9 The ability to conduct researches and studies taking into account the market, dynamics of competition, organizational and global factors and scientific methods; contribute to projects, take responsibility in projects, display competence to make innovative and effective decisions.
10 Ability to develop strategies, find creative solutions to management problems by building relations with other areas of the social sciences and take the responsibility of these decisions.
11 Consciousness of taking into account ethical values, when making decisions and being involved in business life.
12 Awareness of the impact of practices related to his/her field on the global and social dimensions (universality of social rights, social justice, cultural values, environmental problems, sustainability, etc.) and their legal consequences.
ECTS
Activities Number Period Total Workload
Total Workload 0
Total Workload / 25 0.00
Credits ECTS 0
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