Decision Theory

Course Information
TitleΘεωρία Αποφάσεων / Decision Theory
SchoolCivil Engineering
Cycle / Level2nd / Postgraduate, 3rd / Doctorate
Teaching PeriodWinter
Course ID600001560

Class Information
Academic Year2016 – 2017
Class PeriodWinter
Faculty Instructors
Class ID
1. ΔΔΤΕΥ03Georgios Aretoulis, Glykeria Kalfakakou, Yiannis Xenidis
Mode of Delivery
  • Face to face
Language of Instruction
  • Greek (Instruction, Examination)
General Prerequisites
Learning Outcomes
Upon successfull completion, the graduate student should be capable of: • Identifying and estimating the uncertainty or reliability degree of the different variables and parameters under study. • Understanding the significance of risk in environmental issues and problems and applying methods for its quantification. • Modeling various types of decision making and risk analysis problems with the use of decision trees. • Solving environmental management problems by applying principles and methods of decision analysis.
General Competences
  • Apply knowledge in practice
  • Retrieve, analyse and synthesise data and information, with the use of necessary technologies
  • Make decisions
  • Work autonomously
  • Generate new research ideas
  • Design and manage projects
Course Content (Syllabus)
Probability Theory: Probabilities, Probability distributions, Random variables and distributions. Decision Theory: Simple and Complex Decisions, Decision matrix, Decision Trees, Single criteron and Multicriteria Decision Making Utility Theory: Definition, Utility functions, Application and properties of utility functions. Risk analysis: Definitions and Context, Qualitative analysis of risks, Reliability theory, Systems' reliability, Unertainty analysis Case Studies
Risk analysis, Decision theory Decision making, Graph theory
Educational Material Types
  • Slide presentations
Use of Information and Communication Technologies
Use of ICT
  • Use of ICT in Course Teaching
  • Use of ICT in Communication with Students
Through the e-learning platform and the use of the internet
Course Organization
Laboratory Work20.1
Reading Assigment150.5
Written assigments150.5
Student Assessment
Student Assessment methods
  • Written Assignment (Summative)
  • Written Exam with Problem Solving (Summative)
Additional bibliography for study
1. Ξενίδης, Ι. (2012). “Μέθοδοι λήψης αποφάσεων και ανάλυση κινδύνων”. Ηλεκτρονικές σημειώσεις, Θεσσαλονίκη. 2. Project Management Institute (2009). Practice Standard for Project Risk Management, Project Management Institute Inc., Pennsylvania, USA. 3.Roy, B. (1996). Multi-criteria Methodology for Decision Aiding, Kluwer, Dordrecht, The Netherlands. 4.Saporita, R. (2006). Managing Risks in Design & Construction Projects (Illustrated), Amer Society of Mechanical 5.Ward, S. and Chapman, C. B. (2002). Managing Project Risk and Uncertainty: A Constructively Simple Approach to Decision Making, John Wiley & Sons Inc. 6.Smith, N. J., Merna, T., and Jobling, P. (2006). Managing risk in construction projects, 2nd Edition, Blackwell Pub. 7.Chelst, K. and Yavuz Burak Canbolat, Y.B. (2011). Value-Added Decision Making for Managers, Chapman and Hall/CRC.
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