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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS LGM 4013 DECISION MODELLING IN SUPPLY CHAIN NETWORKS ELECTIVE 3 0 0 5

Offered By

Logistics Management

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

INSTRUCTOR VOLKAN ÇETINKAYA

Offered to

Logistics Management

Course Objective

This course will introduce students to the theory behind making decisions while being confronted with uncertainty.

Learning Outcomes of the Course Unit

1   Students will be able to make an appropriate decision under certainty. 2   Students will be able to implement different technics for decision making under uncertainty. 3   Students will learn about individuals' attitudes against risks end uncertainty.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Introduction and elements of decision problems 2 Structuring decisions 3 Making choices 4 Sensitivity analysis 5 Creativity and decision making 6 Creativity and decision making 7 Subjective probability 8 Mid-Term Exam 9 Risk attitudes 10 Risk attitudes 11 Utility axioms, paradoxes, and implications 12 Prospect Theory 13 Prospect Theory 14 Fundamental objectives and the additive utility function 15 Presentation 16 Final Exam

Recomended or Required Reading

Managerial Decision Modeling with Spreadsheets, Nagraj Balakrishnan , Barry Render, Ralph M. Stair Prentice Hall; 3 edition, January 10, 2012

Planned Learning Activities and Teaching Methods

Literature review, case studies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 ASG ASSIGNMENT 3 FINS FINAL EXAM 4 FCG FINAL COURSE GRADE MTE * 0.30 + ASG * 0.10 + FINS * 0.60 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + ASG * 0.10 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

Oral and written competencies regarding the use of knowledge, abilities and skills in the field of Decision Making in terms of research, investigation and evaluation will be evaluated.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 14 3 42 Preparations before/after weekly lectures 12 4 48 Preparation for midterm exam 1 6 6 Preparation for final exam 1 10 10 Preparing assignments 1 10 10 Preparing presentations 1 5 5 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 125

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 PO.13 LO.1 3 3 3 3 3 3 3 LO.2 3 3 5 3 3 3 3 3 3 LO.3 3 3 5 3 3 3 3 3