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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.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 5
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Year | Nature | Language
Year | Nature | Language
3 | Mandatory | Português
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Code
Code
ULHT41-4793
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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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
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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.
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Teaching methodologies and assessment
Teaching methodologies and assessment
Hands-on application of the syllabus to solve a real-world decision problem.
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References
References
- Clemen, R.T., Reilly, T. - Making Hard Decisions with Decision Tools. Duxbury Press, 2003.
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Office Hours
Office Hours
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Mobility
Mobility
Yes