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Class Decision Support Methods

  • Presentation

    Presentation

    Learning, with the support of case studies and software, methodologies, methods, techniques, and tools for structuring evaluation models and their practical application in decision-making situations involving complex problems. Decision contexts include personal and organizational problems, individual and group decisions, multiple objectives and alternatives, uncertainty and risk, as well as resource allocation and the optimization of portfolio decisions.

  • Code

    Code

    ULHT41-4793
  • Syllabus

    Syllabus

    • Decision analysis
    • Cost-benefit analysis
    • Discount rate
    • Net present value
    • Multicriteria analysis
    • Problem structuring
    • Value tree
    • Measurement scales
    • Descriptors of performance
    • Direct vs. indirect evaluation
    • Weighting techniques
    • Sensitivity analysis
    • Decision conferencing
    • Resource allocation and portfolio optimization
  • Objectives

    Objectives

    The student should acquire skills and competences allowing him or her to structure decision problems through a sound socio-technical process in order to make better decisions on average, considering diverse decision contexts, either in personal or organizational situations, and taking into account his or her subjective preferences and the available alternatives and constraints of the decision problem at hand.

  • References

    References

    • Clemen, R.T., Reilly, T. - Making Hard Decisions with Decision Tools. Duxbury Press, 2003.

     

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