Decision and Risk
Objectives
When approved the student will:
- have had contact with the problematic of decision-making with a single or multiple decision makers,
- know the most important models of decision support, with or without negotiation, and risk,
- understand what kind of data should be collected and processed to support previous models,
- be able to identify and build the adequate models for problems that he or she may face his/her future professional context.
General characterization
Code
12081
Credits
6.0
Responsible teacher
Nelson Fernando Chibeles Pereira Martins
Hours
Weekly - 4
Total - 72
Teaching language
Português
Prerequisites
Available soon
Bibliography
Hillier, Lieberman, Introduction to Operations Research, Mc Graw - Hill, 10th ed (2015)
Goodwin, P. e Wright, G. – Decision Analysis for Management Judgement (2014) – John Wiley & Sons
Opricovic, S., Tzeng, G.-H., (2004). Compromise solution by MCDM methods: A comparative analysis of VIKOR and TOPSIS. Eur. J. Oper. Res. 156, 445–455.
____
Fudenberg F. and Tirole, J. (1995) Game Theory, The MIT Press, 1995.
Kelly A. (2003) Decision Making Using Game Theory: An Introduction for Managers, Cambridge University Press.
Peterson M. (2009) An Introduction to Decision Theory, Cambridge University Press.
Vose D. (2008) Risk Analysis: A Quantitative Guide. John Wiley & Sons.
Teaching method
Please, contact the e-mail npm@fct.unl.pt
Evaluation method
Please, contact the e-mail npm@fct.unl.pt
Subject matter
I. Decision theory - what is a decision? - structure and analyses of decision-making problems - sequential decisions - decisions with several objectives
II. Game theory - modelling strategic interaction - static games of complete information - dynamic games of complete and incomplete information - cooperative game theory
III. Risk - definition - fundamental model of risk - factors and measures of risk other models for risk