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INSTRUCTOR
Name Nagihan ÇÖMEZ DOLGAN
E-mail nagihan.comez@ozyegin.edu.tr
Phone Number Online via ZOOM
Office Number Online via ZOOM
Office Hours Online via ZOOM on TBA and also through appointment by email
ACADEMIC HONESTY
Students are assumed to abide by academic honesty. Actions against academic honesty
include, but is not limited to cheating, attempting to cheat, plagiarizing, fabricating information
or citations, facilitating acts of dishonesty by others, having unauthorized possession of
examinations, submitting the work of another person, or tampering with the academic work of
other students. Any form of action against academic honesty is a serious academic violation
and will result in a disciplinary action and may result in student getting a zero (0) grade in the
related assessment and failing the course.
COURSE ORGANIZATION
Educational To improve analytical and technical skill of the students for making
objective good informed managerial decisions based on systematic analysis.
Course Description In this course, students are exposed to quantitative modeling and
decision making which help them analyze complex decision problems,
develop a good understanding of the dynamics involved, and be able to
generate good solutions. Topics include decision making under
uncertainty, simulation and risk analysis, and optimization modeling all
of which, address contexts where decisions need to be made based on
rigorous analysis. Students learn to use the underlying tools within a
spreadsheet environment by solving problems depicting real-world
business issues.
Learning outcomes Upon successful completion of the course, the learner is expected to be
able to:
LO 1 Identify and analyze uncertainty in decision making,
LO 2 Describe the constituents of decision analysis under uncertainty and
apply its tools in real settings,
LO 3 Develop basic static simulation models and do scenario analysis,
LO 4 Develop basic optimization models for decision making,
LO 5 Interpret the results of simulation and optimization based analysis,
LO 6 Communicate results orally and in writing.
Course Delivery Fully Online: You are not required to come to campus for lectures and
Methods other course activities. An online course is delivered over the Internet
synchronously. Lectures and other course activities are accessed
through links provided on the LMS.Homework assignments, recorded
lecture videos, lecture slides and any other resources will be provided
asynchronously on LMS.
Course Interaction Synchronous lectures.
Methods
Student presentations will be delivered in groups and online during
class time. Homework assignments will be made individually and
submitted online.
Technology Used Zoom, MS Excel with several add-ins, MS Word, and MS PowerPoint
by the Instructor for lectures. Zoom for exams.
Technology A computer/tablet with a built-in or stand-alone camera, a microphone,
Requirements for and MS Excel and MS Word software installed in order to participate in
Students the course and assessments. Zoom for lectures and office hours. MS
PowerPoint to complete their presentations. Zoom for exams.
COURSE MATERIALS
Required Books Practical Management Science, 6th edition, by Wayne Winston and
Chris Albright, 2019. ISBN: 9781337406659.
Recommended Business Analytics: Data Analysis & Decision Making, 7th Edition by S.
Books Christian Albright | Wayne L. Winston.
Other Materials A collection of mandatory readings will be uploaded on LMS.
WEEKLY SUBJECTS (TENTATIVE)
Week Date Subject
1 25.02.2021 What is Spreadsheet Modeling? Part I. Modeling in
2 04.03.2021 What is Optimization Modeling? Decision Making
3 11.03.2021 Linear Programming Modeling
Hmw # 1 Due
4 18.03.2021 Sensitivity Analysis
Part II. Optimal
5 25.03.2021 Modeling Integer Decisions
Decision Making
Hmw # 2 Due
Under Certainty
6 01.04.2021 Network Models
7 08.04.2021 Modeling Nonlinear Problems
Hmw # 3 Due
8 15.04.2021 MIDTERM EXAM
9 22.04.2021 What is simulation?
Probability Basics Part III. Decision
10 29.04.2021 Monte Carlo Simulation Making Under
Hmw #4 Due Uncertainty
11 06.05.2021 Value of Information
12 13.05.2021
No Class This Week
13 20.05.2021 Risk Attitudes
Withdrawal Week Hmw #5 Due
14 Part IV. Modeling
27.05.2021 Utility Axioms, Paradoxes, and Implications.
Preferences
15 03.06.2021 Conflicting Objectives.
Hmw #6 Due
.
EXPECTED STUDENT SEMESTER WORKLOAD
Activities Carried Out in The Presence of An Instructor Total Hours in Semester
Lecture (Including Discussion Sessions) 3 per week*14=42
Recitation/Practice 3 hrs before each
exam*2=6
Laboratory/Studio/Kitchen/Flight
Field Work
Activities Carried Out by The Learner Him/Herself Total Hours in Semester
Working on Assignments 6 assignments*6=36
Pre-class Learning of Course Material 12 classes*2=24
Review of Course Material for Exam Preparation 15 hrs for before each
exam*2=30
Preparing the individual presentation 12
Overall Total Hours in Semester 150