Advanced Topics in Decision Support

  • Teaching

    Details

    Faculty Faculty of Management, Economics and Social Sciences
    Domain Information Systems
    Code 6650-0174
    Languages English
    Type of lesson Exercise
    Lecture
    Level Master
    Semester SP-2020

    Schedules and rooms

    Summary schedule wednesday 15:15 - 17:00, weekly, PER 21 C120
    wednesday 17:15 - 18:00, weekly, PER 21 C120
    Hours per week 3

    Teaching

    Responsibles
    Teachers
    Assistants
    Description

    In this course, we start with a presentation of the basic notions in decision theory. We focus on several existing decision criteria and analyse their weaknesses and strengths. We particularly focus on decision criteria under probabilistic uncertainty and o how to handle additional information in a decision process. We then present an introduction to utility theory, explain how to use utility functions and also how to construct such functions using loteries.

    In a second part, we will concentrate on network optimization problems (max flow, min cost flow, etc...). Our focus will be on the modeling part but we will also see how to solve such problems efficiently.

     Finally, we give a short introduction to multi-criteria decision theory and present some existing methods (ELECTRE, AHP).

    All topics will be illustrated by examples taken from economics, management science and operations research.

    Training objectives

    1) Getting familiar with the basic vocabulary used in decision theory.

    2) Understanding the differences between several decision criteria as well as their weaknesses and strengths.

    3) Becoming familiar with uncertainty in decision making.

    4) Being able to handle additional information in a decision process.

    5) Understanding the basics in utility theory.

    6) Being able to model and solve real world problems using network optimization techniques.

    7) Getting familiar with multi-criteria decision problems and some existing methods.

    Softskills
    No
    Off field
    No
    BeNeFri
    Yes
    Mobility
    Yes
    UniPop
    No

    Documents

    Bibliography 1) F.S. Hillier, G.J. Liebermann, Introduction to Operations Research, 10th Ed., McGraw Hill, 2014. 2) G. Monahan, Management Decision making: Spreadsheet Modeling, Analysis and Applications, Cambridge University Press, 2000. 3) J. Teghem, Recherche Opérationnelle, Tome 2, Edition ellipses, 2013.4) S. Greco, M. Ehrgott, J.R. Figueira (eds.), \blue{Multiple Criteria Decision Analysis}, State of the Art Surveys, 2nd edition, Springer, 2016.
  • Dates and rooms
    Date Hour Place
    19.02.2020 15:15 - 17:00 PER 21 , Room C120
    19.02.2020 17:15 - 18:00 PER 21 , Room C120
    26.02.2020 15:15 - 17:00 PER 21 , Room C120
    26.02.2020 17:15 - 18:00 PER 21 , Room C120
    04.03.2020 15:15 - 17:00 PER 21 , Room C120
    04.03.2020 17:15 - 18:00 PER 21 , Room C120
    11.03.2020 15:15 - 17:00 PER 21 , Room C120
    11.03.2020 17:15 - 18:00 PER 21 , Room C120
    18.03.2020 15:15 - 17:00 PER 21 , Room C120
    18.03.2020 17:15 - 18:00 PER 21 , Room C120
    25.03.2020 15:15 - 17:00 PER 21 , Room C120
    25.03.2020 17:15 - 18:00 PER 21 , Room C120
    01.04.2020 15:15 - 17:00 PER 21 , Room C120
    01.04.2020 17:15 - 18:00 PER 21 , Room C120
    08.04.2020 15:15 - 17:00 PER 21 , Room C120
    08.04.2020 17:15 - 18:00 PER 21 , Room C120
    22.04.2020 15:15 - 17:00 PER 21 , Room C120
    22.04.2020 17:15 - 18:00 PER 21 , Room C120
    29.04.2020 15:15 - 17:00 PER 21 , Room C120
    29.04.2020 17:15 - 18:00 PER 21 , Room C120
    06.05.2020 15:15 - 17:00 PER 21 , Room C120
    06.05.2020 17:15 - 18:00 PER 21 , Room C120
    13.05.2020 15:15 - 17:00 PER 21 , Room C120
    13.05.2020 17:15 - 18:00 PER 21 , Room C120
    20.05.2020 15:15 - 17:00 PER 21 , Room C120
    20.05.2020 17:15 - 18:00 PER 21 , Room C120
    27.05.2020 15:15 - 17:00 PER 21 , Room C120
    27.05.2020 17:15 - 18:00 PER 21 , Room C120
  • Assessments methods

    Examen écrit - SP-2020, Session d'été 2020

    Duration 90
    Assessments methods By rating
    Descriptions of Exams Examination time: 90 Min.

    Examen écrit - SP-2020, Session de rattrapage 2020

    Duration 90
    Assessments methods By rating
    Descriptions of Exams Examination time: 90 Min.
  • Assignment
    Valid for the following curricula:
    Accounting and Finance 90 ECTS [MA]
    Version: 2017/SA_v01
    Courses: min. 63 ECTS > Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level

    Accounting and Finance 90 ECTS [MA]
    Version: 2007
    Courses - 63 ECTS > Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level

    Branche secondaire Master: gestion d'entreprise
    Version: 2019/SA_v01
    Es müssen zwei der folgenden aufgeführten Wahlmodule belegt werden > GMT: General Management
    Cours facultatifs à choisir: Cours master de la Faculté des sciences économiques et sociales > Additional courses SES Master Level

    Branche secondaire Master: gestion d'entreprise
    Version: 2017/SA_v01
    Es müssen zwei der folgenden aufgeführten Wahlmodule belegt werden > GMT: General Management
    Es müssen zwei der folgenden aufgeführten Wahlmodule belegt werden > BINF: Business Informatics
    Cours facultatifs à choisir: Cours master de la Faculté des sciences économiques et sociales > Additional courses SES Master Level

    Branche secondaire Master: informatique de gestion
    Version: 2019/SA-v01
    Cours > Module Wirtschaftsinformatik > DADS: Data Analytics & Decision Support
    Cours > Modules management > GMT: General Management

    Branche secondaire Master: informatique de gestion
    Version: 2017/SA_v01
    Cours > Modules management > GMT: General Management
    Cours > Module Wirtschaftsinformatik > Decision Support and Applied Statistics

    Business Communication - Economics 90 ECTS [MA]
    Version: SP 2017 ECO 2015
    Courses - 60 ECTS > Communication - 30 ECTS > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES
    Courses - 60 ECTS > Option Group > Economics - 30 ECTS > Kurse der Module Master Volkswirtschaftslehre, ohne die Module 4 und 9

    Business Communication - Ethics and Economics 90 ECTS [MA]
    Version: SP 2017 ETHIQUE
    Courses - 60 ECTS > Communication > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES

    Business Communication - Information Systems 90 ECTS [MA]
    Version: 2017/SA_v01 SYS
    Courses - 60 ECTS > Option Group > Information Management - 30 ECTS > Cours > Module Wirtschaftsinformatik > Decision Support and Applied Statistics
    Courses - 60 ECTS > Option Group > Information Management - 30 ECTS > Cours > Modules management > GMT: General Management
    Courses - 60 ECTS > Communication - 30 ECTS > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES

    Business Communication - Information Systems 90 ECTS [MA]
    Version: SP 2017 SYS
    Courses - 60 ECTS > Option Group > Information Management - 30 ECTS > Cours > Module Wirtschaftsinformatik > Decision Support and Applied Statistics
    Courses - 60 ECTS > Option Group > Information Management - 30 ECTS > Cours > Modules management > Strategic and General Management (STM)
    Courses - 60 ECTS > Communication - 30 ECTS > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES

    Business Communication - Management 90 ECTS [MA]
    Version: 2017/SA_v01 MAN
    Courses - 60 ECTS > Option Group > Management > 6 crédits ECTS peuvent être crédités pour des cours de Master de la Faculté des sciences économiques et sociales qui ne font pas partie intégrante de l’un des modules à choix ci-dessus > Additional courses SES Master Level
    Courses - 60 ECTS > Option Group > Management > Deux modules doivent être choisis et réussis parmi la liste suivante : > GMT: General Management
    Courses - 60 ECTS > Option Group > Management > Deux modules doivent être choisis et réussis parmi la liste suivante : > BINF: Business Informatics
    Courses - 60 ECTS > Communication > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES

    Business Communication - Management 90 ECTS [MA]
    Version: SP 2017 MAN
    Courses - 60 ECTS > Communication > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES
    Courses - 60 ECTS > Option Group > Management > Deux modules doivent être choisis et réussis parmi la liste suivante : > Information and Communication Technology (ICT)
    Courses - 60 ECTS > Option Group > Management > Deux modules doivent être choisis et réussis parmi la liste suivante : > Strategic and General Management (STM)
    Courses - 60 ECTS > Option Group > Management > 6 crédits ECTS peuvent être crédités pour des cours de Master de la Faculté des sciences économiques et sociales qui ne font pas partie intégrante de l’un des modules à choix ci-dessus > Additional courses SES Master Level

    Business Communication - Management 90 ECTS [MA]
    Version: 2019/SA_v01 MAN
    Courses - 60 ECTS > Communication > Cours et séminaires au choix: Au choix deux des enseignements suivants à 3 ECTS > Cours et séminaires au choix de la Faculté des SES
    Courses - 60 ECTS > Chosen Option > Management > 6 crédits ECTS peuvent être crédités pour des cours de Master de la Faculté des sciences économiques et sociales qui ne font pas partie intégrante de l’un des modules à choix ci-dessus > Additional courses SES Master Level
    Courses - 60 ECTS > Chosen Option > Management > Deux modules doivent être choisis et réussis parmi la liste suivante : > GMT: General Management

    Communication and Media Research 90 ECTS [MA]
    Version: Option Media, Politics and the Economy
    Option Group > Media, Politics and the Economy > Cours > Inter- and Transdisciplinary Perspectives > Additional courses SES Master Level

    Communication and Media Research 90 ECTS [MA]
    Version: 2015
    Courses - 60 ECTS > Inter- and Transdisciplinary Perspectives > Additional courses SES Master Level

    Communication and Media Research 90 ECTS [MA]
    Version: 2007
    Courses - 54 ECTS > Cours a choix > Additional courses SES Master Level

    Communication and Media Research 90 ECTS [MA]
    Version: Option Media Use and Effects
    Option Group > Media Use and Effects > Cours > Inter- and Transdisciplinary Perspectives > Additional courses SES Master Level

    Communication and Media Research 90 ECTS [MA]
    Version: Option Journalism and Organizational
    Option Group > B - Journalism and Organizational Communication > Cours > Inter- and Transdisciplinary Perspectives > Additional courses SES Master Level

    Economics 90 ECTS [MA]
    Version: 2017/SA_v01
    Cours - 63 ECTS > Maximal 15 ECTS können aus allen Modulen oder unter allen Master-Kursen der Fakultät gewählt werden. > Additional courses SES Master Level
    Cours - 63 ECTS > 4 Modules > Module 7: Economic Theory

    Economics 90 ECTS [MA]
    Version: 2017/SA_v01 Option Économie du secteur public
    Option Group > Public Policy > Courses - 63 ECTS > Modules à choix > Module 7: Economic Theory
    Option Group > Public Policy > Courses - 63 ECTS > Maximal 15 ECTS können aus allen Modulen oder unter allen Master-Kursen der Fakultät gewählt werden. > Additional courses SES Master Level

    Economics 90 ECTS [MA]
    Version: 2015 : Option Économie du secteur public
    Option Group > Public Policy > Cours - 63 ECTS > Modules à choix > Module 7: Economic Theory
    Option Group > Public Policy > Cours - 63 ECTS > Maximal 9 ECTS können aus allen Modulen oder unter allen Master-Kursen der Fakultät gewählt werden. > Additional courses SES Master Level

    Economics 90 ECTS [MA]
    Version: 2015
    Courses - 63 ECTS > 4 Modules > Module 7: Economic Theory
    Courses - 63 ECTS > Maximal 9 ECTS können aus allen Modulen oder unter allen Master-Kursen der Fakultät gewählt werden. > Additional courses SES Master Level

    Economics Master: 30 ECTS
    Version: 2019/v01 nouveauPLE
    Two modules must be validated with min. 12 ECTS each > Module 7: Economic Theory

    Ens. compl. en SES
    Version: ens_compl_ses
    MA course offering for Mobility Students

    European Business 120 ECTS [MA_DD]
    Version: DD EU-BS
    Cours > Additional courses SES Master Level
    Cours > Strategic and General Management (STM)

    European Business 120 ECTS [MA_DD]
    Version: 2017/SA_v01 DD EU-BS
    Courses > Additional courses SES Master Level
    Courses > Modules > One complete module taken from the following list > GMT: General Management

    European Business 90 ECTS [MA]
    Version: 2017/SA_v01
    Courses - 63 ECTS > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level
    Courses - 63 ECTS > Modules - Min one extra module with 12 ECTS > One complete module taken from the following list > GMT: General Management

    European Business 90 ECTS [MA]
    Version: 2007
    Courses - 63 ECTS > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level
    Courses - 63 ECTS > Modules - Min (EUB) + one extra module with 12 ECTS > Strategic and General Management (STM)

    Information Management 90 ECTS [MA]
    Version: 2017/SA_v01
    Cours > Module Wirtschaftsinformatik - min. 22 ECTS > Decision Support and Applied Statistics
    Cours > Modules management - max. 15 ECTS > GMT: General Management

    Information Management 90 ECTS [MA]
    Version: 2015
    Cours > Modules management - max 15 ECTS > Strategic and General Management (STM)
    Cours > Module Wirtschaftsinformatik - min. 22 ECTS > Decision Support and Applied Statistics

    Information Management 90 ECTS [MA] - SA/2019
    Version: 2019/SA_V01
    Classes - min. 45 ECTS > Modules management - max. 15 ECTS > GMT: General Management
    Classes - min. 45 ECTS > Module IT and IT Management > DADS: Data Analytics & Decision Support
    Classes - min. 45 ECTS > Modules IT Management - min. 22 ECTS > DADS: Data Analytics & Decision Support

    International and European Business 120 ECTS [MA_DD]
    Version: 2018/SA_v01
    Courses > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level
    Courses > Modules > One complete module taken from the following list > GMT: General Management
    Courses > Modules > One complete module taken from the following list > BINF: Business Informatics

    International and European Business 120 ECTS [MA_DD]
    Version: 2019/SA_v01
    Courses > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level
    Courses > Modules > One complete module taken from the following list > GMT: General Management

    International and European Business 90 [MA]
    Version: 2019/SA_v01
    Courses > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level
    Courses > Modules > One complete module taken from the following list > GMT: General Management

    International and European Business 90 [MA]
    Version: 2018/SA_V01
    Courses > Modules > One complete module taken from the following list > BINF: Business Informatics
    Courses > Modules > One complete module taken from the following list > GMT: General Management
    Courses > Additional courses: Any Master courses of the Faculty of Economics and Social Sciences, as well as maximum 9 ECTS from all Master programmes of the University. > Additional courses SES Master Level

    Management 90 ECTS [MA]
    Version: 2017/SA_v01
    Courses: min. 63 ECTS > 3 modules with min 12 ECTS each > BINF: Business Informatics
    Courses: min. 63 ECTS > 3 modules with min 12 ECTS each > GMT: General Management
    Courses: min. 63 ECTS > Cours facultatifs : max. 18 ECTS > Additional courses SES Master Level

    Management 90 ECTS [MA]
    Version: 2002
    Cours > Elective courses: max. 18 ECTS > Additional courses SES Master Level
    Cours > Modules > Strategic and General Management (STM)
    Cours > Modules > Information and Communication Technology (ICT)

    Management 90 ECTS [MA] - SA/2019
    Version: 2019/SA_V01
    Courses: min. 63 ECTS > Option courses : max. 18 ECTS > Additional courses SES Master Level
    Courses: min. 63 ECTS > Modules - min 45 ECTS > GMT: General Management

    Public Economics and Public Finance 90 ECTS [MA_DD]
    Version: 2015 MA VWL DD
    Cours > Up to 45 ECTS credits must fulfill the conditions required for the specialisation, including the modules 1, 2 and 6. > Additional courses in Economics in order to fulfil the Double Diploma requirements > Module 7: Economic Theory

    Sciences économiques et sociales
    Version: 2018/SP_v01 ses_BeNeFri
    Course > MA course offering for BeNeFri Students