Decision Modelling

The course is a substitute for:

Management Models (16MAM)

Lecturer:

Tutor:

Supervisor:

Department of Economics, Management and Humanities

Synopsis:

Other methods of Operations Research and System Analysis: Queueing models, Inventory models, Models of optimal location, Advanced graph models, Markovian decision processes, Renewal theory, Simulation languages, Practical use of simulation models.

Requirements:

https://ekonom.feld.cvut.cz/web/index.php?option=com_content&task=section&id=7&Itemid=236

Syllabus of lectures:

1. Models, modelling, experiment, conditions

2. Markov chains

3. Queues theory - overview

4. Queues optimization models

5. Inventory management - overview

6. Inventory management - optimization models

7. Location models

8. Objects location on graphs

9. Graph theory - optimization models

10. Scheduling models

11. Renewal theory

12. Simulation of renewal models

13. Simulation of queueing models

14. Simulation of inventory management models

Syllabus of tutorials:

. Introduction

2. Markov chains - examples

3. Queues theory - examples

4. Solving queues models on PC

5. Deterministic inventory models

6. Stochastic inventory models

7. Optimal location. Hyperbolic approximation

8. Elzing's algoritmus

9. Center and median of a graph

10. Computing of renewal process characteristics

11. Test

12. Simulation models - examples

13. Experiments with simulation models

14. Problems of simulation models

Study Objective:

Study materials:

1. Lapin, L.L.: Quantitative Methods for Business Decisions. Orlando: The Dryden Press 1994

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• Economics and Management in Electrical Engineering- structured studies (compulsory course)