Information Package / Course Catalogue
Decision Making in Business
Course Code: ULT427
Course Type: Non Departmental Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: none
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

The aim of this course is to provide the students with an introductory information about modeling of problems encountered in decision-making situations in uncertainty, risk, certainty and multinational environments, development of solution proposals and analysis.

Course Content

In this course, the student learns the theoretical methods of choosing the most over multiple alternatives. Learns the assumptions and steps of the methods you can use in the literature in order to choose among the selected alternatives.

Name of Lecturer(s)
Assoc. Prof. Algın OKURSOY
Learning Outcomes
1.Will be able to explain decision making environments and decision process
2.Explain the decision tree and BAYES theorem
3.Explain AHP and ANP decision theories
4.Explain TOPSİS decision theory
5.Explain ELECTRE decision theory and VIKOR decision model
Recommended or Required Reading
1.Robert T. Clemen, Terence Reilly, Making Hard Decisions With Decision Tools, Duxbury Thomson Learning, 2001; ISBN13: 9780495015086; ISBN10: 0495015083.
Weekly Detailed Course Contents
Week 1 - Theoretical
Fundamentals of Decision: Elements of the decision problem
Week 2 - Theoretical
Decision making process; Decision Environments
Week 3 - Theoretical
Decision making in uncertain environment
Week 4 - Theoretical
Decision making under risk
Week 5 - Theoretical
Decision Making with Decision Tree and Additional Information
Week 6 - Theoretical
Decision tree, Bayes theorem
Week 7 - Theoretical
AHP: Solution phases of the analytical hierarchy process
Week 8 - Theoretical
AHP: Solution phases of the analytical hierarchy process
Week 9 - Theoretical
TOPSIS: Solution stages of TOPSIS method
Week 10 - Theoretical
TOPSIS: Solution stages of TOPSIS method
Week 11 - Theoretical
ELECTRE: Solution stages of ELECTRE method
Week 12 - Theoretical
ELECTRE: Solution stages of ELECTRE method
Week 13 - Theoretical
VIKOR: Solution steps of VIKOR technique
Week 14 - Theoretical
VIKOR: Solution steps of VIKOR technique
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory141356
Individual Work140342
Midterm Examination120121
Final Examination130131
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
OÇ-1
3
3
3
3
3
OÇ-2
3
3
3
3
3
OÇ-3
4
3
4
3
4
OÇ-4
4
4
5
3
4
OÇ-5
4
3
3
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026