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Multi-Criteria Decision Making

Study program: Mechanical engineering
Type and level of studies: Doctoral studies
Course unit: pdfMulti-Criteria Decision Making
Course code: DS31007
Teacher in charge:  pdfProf. Dr Milan Kolarević
Language of instruction: English
ECTS:  5
Prerequisites: None
Semester: Autumn
Course unit objective:
Introduction to the modern concepts of decision theory and learning the theoretical and practical methods for decision making.
Learning outcomes of the course unit
Mastering the methods of multi-criteria decision-making to solve practical engineering and business problems.
Course unit contents
Theoretical classes
  • Fundamentals of decision theory. The decision process. Models and modeling. Decision making under certainty. Decision making under risk. Decision making under uncertainty. Wood and sequential decision making.
  • Solving of the model of multicriteria decision making. The method of global criteria. Lexicographical methods. Method STEM. Methods of goal programming (CP).
  • Troubleshooting Multiple Attribute Decision Making. Transforming attributes. Defining the weight coefficients for the criteria. Methods Domination. Method of simple additive weight. ELECTRE Methods I-IV. Methods PROMETHEE I-IV. Analytic hierarchy process (AHP).
  • Selected examples of multi-criteria decision-making.
Practical classes
The practical problem solving multi-criteria decision-making
Literature
C.Zopounidis, P.M. Pardalos, Handbook of Multicriteria Analysis, Springer, 2010, e-ISBN 978-3-540-92828-7
N.Munier, A Strategy for Using Multicriteria Analysis in Decision-Making, Springer,2011, e-ISBN 978-94-007-1512-7
J.Fodor, M.Roubens, Fuzzy Preference Modelling and Multicriteria Decision Support, Springer, e-ISBN 978-94-017-1648-2