Models and Methods for Economic Decisions

Lecturer:

Petr Fiala

Tutor:

Petr Fiala

Supervisor:

Department of Software Engineering in Economy

Synopsis:

The aim of the teaching course is to introduce students to basic models and methods of decision theory. Models are structured according number of participants, number of criteria, sets of decision variants, and other attributes. Included basic disciplines are decision by certainty, risk and uncertainty, multicriteria decision-making, and group decision-making.

Requirements:

graduation in mathematics and operations research courses

Syllabus of lectures:

1.Basic concepts of decision theory.

2.Discrete models of decisions.

3.Decision by certainty, risk and uncertainty.

4.Continuous models of decisions - mathematical programming.

5.Multiattribute evaluation of alternatives.

6.Methods with aspiration levels, ordinal and cardinal information.

7.Multiobjective programming.

8.Methods with a priori, a posteriori, and progressive information.

9.Data envelopment analysis models.

10.Models of game theory.

11.Models of social choice theory.

12.Models of team expert evaluation.

13.Modeling of negotiation process.

Syllabus of tutorials:

Exercises in models and methods

1.Basic concepts of decision theory.

2.Discrete models of decisions.

3.Decision by certainty, risk and uncertainty.

4.Continuous models of decisions - mathematical programming.

5.Multiattribute evaluation of alternatives.

6.Methods with aspiration levels, ordinal and cardinal information.

7.Multiobjective programming.

8.Methods with a priori, a posteriori, and progressive information.

9.Data envelopment analysis models.

10.Models of game theory.

11.Models of social choice theory.

12.Models of team expert evaluation.

13.Modeling of negotiation process.

Study Objective:

Study materials:

Key references:

Fiala, P.: Models and methods for decisions, Oeconomica, Praha, 2003

Dlouhý, M., Fiala, P.: Introduction to game theory, Oeconomica, Praha, 2007

Recommended references:

French, S.: Decision Theory: An Introduction to the Mathematics of Rationality. John Wiley, New York 1986.

Note:

Further information:

Course may be repeated

Time-table for winter semester 2011/2012:

Time-table is not available yet

Time-table for summer semester 2011/2012:

Time-table is not available yet

The course is a part of the following study plans: