Istanbul, Turkey

Multi-Criteria Decision Making

when 20 July 2024 - 3 August 2024
language English
duration 2 weeks
credits 3 EC
fee USD 990

This course deliberates decision-making under uncertainty by addressing Multi-Criteria Decision Making (MCDM) techniques. MCDM is a collection of methods for trading-off different alternatives’ performance on multiple conflicting objectives; methods discussed include the Analytic Hierarchy Process (AHP), Analytic Network Process (ANP), and Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) methods. Both qualitative and quantitative factors are considered to evaluate alternatives.

Finally, SuperDecion software is introduced in this course as a complementary tool for the decision-making approach.

Course leader

Asst. Prof. Dr. Nima Mirzaei

Target group

The students must have at least an intermediate level of English and a basic level of mathematics and statistics.

Who can participate: The course is open to undergraduate and graduate students in engineering, social sciences, humanities, communication, architecture, business, and marketing.

Course aim

Upon completing the course, the students will be able to;

1. Configure the problems by analytical thinking and classify the problems.

2. Cooperate with a group for a decision-making process.

3. Implement an MCDM approach to a real-life problem and apply the method in professional practice.

4. Apply AHP, ANP, and TOPSIS multi-criteria decision-making techniques.

5. Use the computer programs (SuperDecion and Excel) to model and solve a problem.

Credits info

3 EC
3 ECTS

Fee info

USD 990: Program Fee Includes;
50-hour Course + Online component with ECTS Credits
Course Materials
14 Nights of Accommodation on a Bed-and-Breakfast Basis
Airport Transfers (within the mentioned time range)
2 Full-day Sightseeing Tours (Bosphorus Boat & Historical Peninsula Tours)
Free Museum Entrances
Certificate of Participation and Transcript of Records
Delightful Program Amenities (Bag, T-shirt, and Notebook)
USD 890: Early Bird Discounted Registration Fee Applicable until the April 30, 2024

Scholarships

Scholarships are directly coordinated with the universities. Conditions Apply.