Anadolu Info Package Anadolu Info Package
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Profile of the Programme Specific Admission Requirements Qualification Requirements and Regulations Recognition of Prior Learning Educational Staff Programme Director & ECTS Coord. Field Qualifications Key Learning Outcomes Course Structure Diagram with Credits Matrix of Program Outcomes&Field Qualifications Matrix of Course& Program Qualifications Examination Regulations, Assessment and Grading Graduation Requirements Access to Further Studies Occupational Profiles of Graduates
  • Faculty of Business Administration
  • Business Administration (English )
  • Course Structure Diagram with Credits
  • Business Decision Models
  • Content
  • Description
  • Content
  • Learning Outcomes
  • Learning Activities and Teaching Methods
  • Course's Contribution to Prog.
  • Assessment Methods

Weeks Topics
Week - 1 The Concept of Decision Making; Common Characteristics of Decision Making; Decision Making Process; Types of Decision Making Environments: Decision making under certainty, Decision making under uncertainty, Decision making under risk.
Week - 2 Decision Making Under Uncertainty;Methods for Decision Making Under Uncertainty: Equally likely (laplace), Criterion of optimism (plunger), Criterion of pessimism (wald), Criterion of realism (hurwicz), Minimax regret (savage).
Week - 3 Decision Making Under Risk: Expected value (or expected monetary value) criterion, Expected opportunity loss criterion, Maximum probability criterion; Expected Value of Perfect Information; Decision Tree: Structure of a decision tree, Constructing and evaluating a decision tree; Bayes’ Theorem.
Week - 4 Linear Programming Basics: Terminology, taxonomy, and assumptions;Modeling With Linear Programming: Agricultural planning, Nutrition problem, Production planning, Inventory control, Manpower planning, Logistics management, Portfolio investments; Graphical Solution of Two Variable-Linear Programs.
Week - 5 Solving problems for midterm exam
Week - 6 Solving problems for midterm exam
Week - 7 Midterm exam
Week - 8 Transition from Graphical to Algebraic Solution; The Algebra of Simplex Method; Simplex Method in Tabular Form.
Week - 9 The Transportation Model: Duality, the concept and the properties, The economic interpretation of the dual model, The dual of the transportation model, Optimality test for the transportation model using the properties of duality; The Solution Method for the Transportation Model: Initialization methods, Test for optimality, Iteration; The Solution Method for the Assignment Model.
Week - 10 Basic Terminology and Classification of Games: Basic concepts of game theory, Classification of games; Two-Person Zero-Sum Games: Mixed Strategies, Optimal mixed strategies and value of a 2×2 zero-sum game, Dominance strategies; Graphical Solution of 2xn and mx2 Games.
Week - 11 Stochastic Processes; Markov Property and Markov Chains: Transition matrix, Transition diagram, N-step transition matrix, Regular transition matrix; Classification of States: Transient and recurrent states, Periodic and aperiodic states, Absorbing states; Steady-State Behavior of Markov Chains.
Week - 12 Solving problems for final exam
Week - 13 Solving problems for final exam
Week - 14 Final exam

  • Info on the Institution
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  • General Admission Requirements
  • Recognition of Prior Learning
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