IYB560E EXECUTIVE AND
GROUP DECISION MAKING
Dr. Y. İlker TOPCU
www.ilkertopcu.net www.ilkertopcu.org www.ilkertopcu.info
facebook.com/yitopcu
twitter.com/yitopcu
instagram.com/yitopcu
Dr. Özgür KABAK
web.itu.edu.tr/kabak/
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Course information
 Credits:
3+0
 ECTS Credits: 7
 Type:
Compulsory
 Language:
English
 Web site:
web.itu.edu.tr/topcuil/ya/IYB560E
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Course description
 Decision analysis
 Decision tables / payoff matrices
 Decision trees
 Group decision making

Voting

Social choice functions
 Multiple Criteria Decision Making
 Constructing the decision model
 Analyzing the problem
 Elementary methods
 SAW, WP, TOPSIS
 Analytic Hierarchy Process
 Analytic Network Process
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Course objectives
1. to provide students practical techniques and decision
support tools those help them to solve decision
problems
2. to enable students to integrate judgments with other
types of information in a logical and defensible
manner
3. to improve students’ decision making skills, their
ability to analyze problems systematically, and their
confidence in their own decision making
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Course learning outcomes
Students who pass the course gain knowledge, skill and
competency in the following subjects:
1. identifying common errors and traps that prevent them
from making effective decisions,
2. learning how decision making process takes place,
3. using a range of decision making techniques to improve
the effectiveness of their decision making
4. finding (choosing, ranking, or classifying) the
comprimise alternative for making a decision
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References
Web site of the course
 Up-to-date lecture notes and supplements
 Solutions to exams and homework
Books





Taylor B.W. 2012. Introduction to Management Science, Pearson
Education Inc., New Jersey.
Render B., Stair Jr R.M., and Hanna M.E. 2011. Quantitative Analysis for
Management. Pearson Education Inc., New Jersey.
Goodwin P., Wright G. 2010. Decision Analysis for Management Judgment,
John Wiley & Sons, New York.
Saaty T.L. 2001. Decision Making for Leaders. RWS Publ., Pittsburg.
Saaty T.L. 2005. Theory and Applications of the Analytic Network
Process. RWS Publ., Pittsburg.
Web sites of other courses
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Assessment Criteria
 Final exam (40%), 2 Midterm exams (60%)
 All exams will be “open book” or "take home"
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Exams
Midterm exam 1
 January 25
Midterm exam 2
 February 22
Final exam
 March 14
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Cheating and Plagiarism
 Do not!
 Studying together to understand the material is fine,
but the work you hand in is to be your own.
 No cheating will be tolerated: A letter grade of F will
be given!
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Schedule
DATE
SUBJECT
Jan. 4
Intrduction to Decision Making,
Jan. 11
Decision Making under Uncertainty and under Risk
Jan. 18
Utility, Decision Trees
Jan. 25
MIDTERM
Feb. 1
Multiple Criteria Decision Making, Constructing the Decision Model
Feb. 8
Constructing the Decision Model, Elementary Methods
Feb. 15
Analyzing the Problem in MCDM (SAW, WP, TOPSIS)
Feb. 22
MIDTERM
Feb. 29
Group Decision Making
Mar. 7
Analytic Hierarchy Process, Super decisions
Mar. 14
PROJECT (FİNAL)
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Assoc. Prof. Dr. Özgür Kabak
Office address
Management Faculty A311, Maçka, Istanbul
Phone
(212) 293 1300 /2039 office
/2073 secretary
Web site
web.itu.edu.tr/kabak/
E-mail address
[email protected]
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
Assoc. Prof. at Industrial Engineering department of ITU (2015)

Post-doc studies at Belgium Nuclear Research Centre (SCK.CEN)
(2009-2010)
 A fuzzy multi attribute decision making approach for nuclear
safeguards information management

Ph.D. in ITU Industrial Engineering programme (2008)
 Modeling supply chain network using possibilistic linear
programming and an application

Research interests
 Operations Research (Mathematical programming)
 Modeling Complex systems
 Fuzzy decision making
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Prof. Dr. Y. İlker Topcu
Office address
Management Faculty C301, Maçka, Istanbul
Phone
(212) 293 1300 /2069 office - (532) 355 5045 mobile
Web site
www.ilkertopcu.net, www.ilkertopcu.org, www.ilkertopcu.info,
www.facebook.com/yitopcu, twitter.com/yitopcu
E-mail address
[email protected]
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
Professor at Industrial Engineering department of ITU (2011)

Associate Professorship in Operations Research (2005)

Ph.D. in ITU Engineering Management programme (2000)
 Integrated decision aid model for multi-attribute problem
solving

Ph.D. research at Centre for Decision Research of Leeds
University Business School (1998-1999)

Research interests
 Decision Analysis, Multi Criteria Decision Making, Group
Decision Making
 Operations Research / Management Science
 Logistics Management, Ethics in OR, Business Ethics,
Transp’n, Energy, Bidding and Tender Systems, Scheduling
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