LOG 204 - Decision Problems and Solutions

Course Objectives

Particularly the extraordinary situation that emerged as a result of the Covid-19 outbreak has revealed the importance of coping with uncertainty, variability and risks in logistics systems. Within the scope of this module, Werner Rothengatter, former president of WCTRS from the Karlsruhe Institute of Technology, will explain how institutions should make the best decisions in certain situations and under uncertainty, through examples and case studies.

Course Description

Decisions under certainty, Uniform objective, Multiple objectives, Decisions under risk and uncertainty, Uncertainty, Decisions with many decision units