Universität Wien

040070 VK KFK OR: Entscheidungstheorie I (E) (2006W)

KFK Entscheidungstheorie I (E)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Friday 06.10. 10:00 - 12:00 Hörsaal 9
  • Friday 13.10. 10:00 - 12:00 Hörsaal 9
  • Friday 20.10. 10:00 - 12:00 Hörsaal 9
  • Friday 27.10. 10:00 - 12:00 Hörsaal 9
  • Friday 03.11. 10:00 - 12:00 Hörsaal 9
  • Friday 10.11. 10:00 - 12:00 Hörsaal 9
  • Friday 17.11. 10:00 - 12:00 Hörsaal 9
  • Friday 24.11. 10:00 - 12:00 Hörsaal 9
  • Friday 01.12. 10:00 - 12:00 Hörsaal 9
  • Friday 15.12. 10:00 - 12:00 Hörsaal 9
  • Friday 12.01. 10:00 - 12:00 Hörsaal 9
  • Friday 19.01. 10:00 - 12:00 Hörsaal 9
  • Friday 26.01. 10:00 - 12:00 Hörsaal 9

Information

Aims, contents and method of the course

1. Introduction
1.1 Goals and Types of Decision Analysis
1.2 Structuring Decision Problems
1.3 Dominance and Efficiency
1.4 Decision Process
2. Generating and Evaluating Alternatives
3. Decisions under Uncertainty
3.1 Decisions under Ambiguity
3.1 Decisions under Risk: simple decision rules and expected utility theory
3.2 The Value of Information
3.3 Empirical results and extensions to expected utility theory
4. Decisions with multiple criteria
4.1 Overview
4.2 Additive models: Multitattribute utility theory and AHP
4.3 Outranking models

Assessment and permitted materials

Minimum requirements and assessment criteria

Students shall gain an in-depth understanding of the purpose and process of decision analysis. They will become familiar with the most important concepts and methods, their possible fields of application and their limitations. They should be able to correctly apply those methods to practical problems.

Examination topics

The course consists of lectures and practical exercises, in which students solve cases using decision analysis software packages. The course is held in English.

Reading list

Bamberg, G.; Coenenberg, A.G. (2000): Betriebswirtschaftliche Entscheidungslehre. Vahlen, München.
Lindley, D.V. (1985): Making Decisions. J. Wiley & Sons, New York.
Pomerol, J.-C.; Barba-Romero, S. (2000): Multicriterion Decision in Management: Principles and Practice. Kluwer, Dordrecht.

Association in the course directory

Last modified: Mo 07.09.2020 15:28