BKM_OPRO Optimization and Decision Making

Faculty of Economics and Administration
Autumn 2024
Extent and Intensity
0/0/0. 6 credit(s). Type of Completion: zk (examination).
In-person direct teaching
Teacher(s)
Ing. Mgr. Markéta Matulová, Ph.D. (lecturer)
Guaranteed by
Ing. Mgr. Markéta Matulová, Ph.D.
Division of Applied Mathematics and Computer Science – Faculty of Economics and Administration
Contact Person: Lenka Hráčková
Supplier department: Division of Applied Mathematics and Computer Science – Faculty of Economics and Administration
Timetable
Sat 5. 10. 8:00–11:50 VT202, Sat 2. 11. 8:00–11:50 VT202, Fri 29. 11. 16:00–19:50 VT202
Prerequisites
FORMA(K)
Basic knowledge of calculus and linear algebra
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 11/24, only registered: 0/24
fields of study / plans the course is directly associated with
Course objectives
The main goal of the course is to provide students with knowledge and skills necessary for modeling decision-making problems occurring in business, economics, and finance. The secondary goal is to familiarize students with basic methods for the solution of common types of optimization problems and their implementation in MS Excel.
Learning outcomes
Student will be able to:
- identify and formulate specific optimization problems that occur in economics, project management, production management, quality management, finance etc.
- Apply the algorithms used to solve these optimization problems
- Explain the solution procedure
- Validate and interpret the results
- solving practical problems using software ( MS Excel).
Syllabus
  • Linear programming
  • Integer and goal programming
  • Applications: distribution problem, matching problem, etc.
  • Network optimization
  • Multicriteria decision analysis
  • Data envelopment analysis
  • Decision trees
  • Simulation
Literature
    required literature
  • JABLONSKÝ, Josef. Operační výzkum : kvantitativní modely pro ekonomické rozhodování. 3. vyd. Praha: Professional Publishing, 2007, 323 s. ISBN 9788086946443. info
  • HILLIER, Frederick S. and Gerald J. LIEBERMAN. Introduction to operations research. 11th ed. New York: McGraw-Hill, 2020. ISBN 1-260-58696-0. info
    recommended literature
  • NAVARRŮ, Miroslav. Excel 2019 : podrobný průvodce uživatele. První vydání. Praha: Grada Publishing, 2019, 256 stran. ISBN 9788024720265. URL info
  • GROS, Ivan and Jakub DYNTAR. Matematické modely pro manažerské rozhodování. 2. upravené a rozšířené. Praha: Vysoká škola chemicko-technologická v Praze, 2015, 303 stran. ISBN 9788070809105. info
  • ANDERSON, R. Timothy. Optimization Modelling Using R. 1st ed. New York: Taylor and Francis, 2022. Available from: https://dx.doi.org/10.1201/9781003051251. info
Teaching methods
Practically oriented tutorials with an emphasis on the active students' approach. Students are expected to selfstudy, to do the homework, participate on a team project and pass through four auto-correction tests.
Assessment methods
The course is ended by an examination. The rating is determined by point gain from the final test, auto-correction tests, homework, and team project. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
Czech
Study support
https://is.muni.cz/auth/el/econ/podzim2024/BKM_OPRO/index.qwarp
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on the extent and intensity of the course: tutorial 12 hodin.
The course is also listed under the following terms Autumn 2021, Autumn 2023.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2024/BKM_OPRO