2023

Decision Models

Name: Decision Models
Code: GES00128L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area: Management

Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial

Sustainable Development Goals

Learning Goals

O1 – To understand the process of decision making through concepts and approaches;
O2 – To learn a set of useful approaches in the process of decision making;
O3 – To develop approaches and find their solutions that will help decision makers in the process of decision making; and,
O4 - To analyze and interpret the solutions of the proposed approaches using EXCEL SOLVER and LINGO software and to present recommendations for decision makers make their decisions.

Contents

1 - Introduction
2 - Linear Programming Model
3 – Transportation and Transshipment Models
4 – Integer Programming Model
5 – Project Management
6 – Queueing Models
7 – Simulation Models

Teaching Methods

M1. Structured presentation of concepts and approaches to understanding the decision process using the modern teaching technologies (computers, tablets and MOODLE);
M2. Illustration of the concepts and approaches through examples;
M3. Resolution of exercises and other problems using EXCEL SOLVER;

Assessment

Verification of the level of acquisition of the subject-matter during the period of lecturing by means of classroom questions.

Continuous Assessment Scheme: group project (20%) and two mid-term evaluations (40% each). Exam regime: group project (20%) and exam (80%). Make-up exam: exam (100%).

In continuous assessment, you must take a minimum grade of 7 values in each of the assessment tests.

Recommended Reading

Anderson, Sweeney e Williams, 2003, Quantitative Methods For Business, South-Western College Publishing, 9ª edição.
Winston, W. e S. C. Albright, 2001, Practical Management Science, Duxbury Thomson Learning.
Tavares, L.V, Oliveira, R.C, Themido, I.H., Correira, F.N., Investigação Operacional, McGraw-Hill, 1996.