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Decision Methods
OVERVIEW
CEA CAPA Partner Institution: Corvinus University of Budapest
Location: , Hungary
Primary Subject Area: Business
Instruction in: English
Transcript Source: Partner Institution
Course Details: Level 300
Recommended Semester Credits: 3
Contact Hours: 45
DESCRIPTION
We focus on quantitative models of individual and group decision making. Decision trees not only support decisions under uncertainty, but are able to estimate the value of further information (expert forecast, test, sampling). Preferences of the decision makers are quantified and are used as input data in the multi-criteria decision models. Most rankings (of universities, countries, products) are based on multi-criteria evaluation. Voting situations are discussed from quantitative point of view: how to aggregate individual references?
Lectures include the most popular decision models and methods. An extensive list of seminar exercises support understanding the practical aspects of preference modelling and calculation. Limitations of theoretical models are shown by classroom experiments.
Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi
Lectures include the most popular decision models and methods. An extensive list of seminar exercises support understanding the practical aspects of preference modelling and calculation. Limitations of theoretical models are shown by classroom experiments.
Corvinus University of Budapest awards credits based on the ECTS system (2 ECTS credits equals 1 U.S. credit therefore, 6 ECTS credits is equivalent to 3 U.S. credits). At Corvinus University of Budapest, all classes meet for a minimum of 180 minutes per week. Contact hours are calculated through a combination of lecture hours and outside activities which can include (workshops, seminars, fieldwork activities, guest lectures, and independent work) therefore, contact hours may vary on syllabi
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