Multi-Criteria Decision Making

About

We live in a complex world with diverse people, firms, and governments whose behaviors aggregate to produce novel, unexpected phenomena. We need to make strategic decisions in uncertain and complex situations in which information is ambiguous. Effective decision-making requires the adoption of decision approaches that fit the complexities of these situations and the efficient management of decision-making processes. Within the two weeks, participants will be able to learn popular decision-making methods and software to assist them in decision-making when facing a real-life problem.

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

Assist. Prof. Dr. Nima Mirzaei

Target group

Engineering, Social Sciences, Humanities, Communication, Architecture, Business, and Marketing Students

Course aim

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

Configure the Problems by Analytical Thinking and Classify the Problems
Cooperate with a Group for a Decision-making Process
Implement an MCDM Approach to a Real-life Problem and Apply the Method in Professional Practice
Apply AHP, ANP, and TOPSIS Multi-criteria Decision-making Techniques
Use Computer Programs (SuperDecion and Excel) to Model and Solve a Problem

Fee info

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)