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END 327
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Course Information
Course Weekly Lecture Plan
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Course Information
Course Name
Turkish
Karar Teorisi
English
DECISION THEORY
Course Code
END 327
Credit
Lecture
(hour/week)
Recitation
(hour/week)
Laboratory
(hour/week)
Semester
5
3
3
-
-
Course Language
English
Course Coordinator
Ramazan Evren
Course Objectives
-To give students the basic concepts of decision theory, modeling and solution methods of decision making problems with applications
-To give students the knowledge of decision making methodology
Course Description
Main terms and concepts of decision theory, modelling and solution of decision making problems, value-utulity theory, real examples of decision making problems and their solutions.
Course Outcomes
Students who pass the course will be able to:
I. Main terms and concepts of decision theory
II. Modeling and classification of decision making problems
III. Decision making under uncertainty and risk
IV. Multi stage decision models
V. Bayesian decision making and Decision trees
VI. Analytical hierarchy method
VII. Mult- criteria Decison making - applications
VIII. Utility theory
Pre-requisite(s)
Required Facilities
Other
Textbook
French, S, “Decision Theory: An Introduction to the mathematicsof Rationality”, John Wiley & Sons, NewYork: 1988.
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