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Data Analysis & Decision Making - II

By Prof. Raghu Nandan Sengupta   |   IIT Kanpur
Learners enrolled: 303
This is the second part of the three part course (DADM-I, DADM-II, DADM-III) which covers Operations Research and its tools with applications. In general Decision Analysis and Decision Making (DADM) covers three main areas which are: Multivariate Statistical Analysis with its applications, Other Decision Making Models like DEA, AHP, ANP, TOPSIS, etc., and Operations Research and its tools with applications. These three part DADM course will be more practical and application oriented rather than theoretical in nature.

INTENDED AUDIENCE: Masters in Business Administration, Masters in Economics, Masters in Statistics/Mathematics, Masters in Industrial Engineering, Masters in Operations Research/Operations Management, Phd in related fields as mentioned above.

PREREQUISITES: Probability & StatisticsOperations Researchl

INDUSTRY SUPPORT: Manufacturing industry, chemical industry, steel industry, cement industry, etc.
Summary
Course Status : Upcoming
Course Type : Elective
Duration : 12 weeks
Start Date : 24 Jan 2022
End Date : 15 Apr 2022
Exam Date : 23 Apr 2022 IST
Category :
  • Management Studies
Credit Points : 3
Level : Undergraduate/Postgraduate



Course layout

Week 1: MCDM, MAUT and related concepts
Week 2: Utility theory, Pareto optimality and related concepts
Week 3: Decision Trees
Week 4: Data Envelopment Analysis (DEA)
Week 5: Analytical Hierarchy Process (AHP) and Analytical Network Process (ANP)
Week 6: TOPSIS
Week 7: ELECTRE
Week 8: PROMETHE
Week 9: MACBETH
Week 10: SWOT analysis and System analysis
Week 11: Other Decision Making tools
Week 12: Fuzzy Logic

Books and references

Belton, Valeria. and Stewart, Theodor. J. (2002). Multiple Criteria Decision Analysis: An Integrated Approach, Kluwer Academic, Dordrecht, ISBN: 978-1-4615-1495-4.2) Charnes, A. and Cooper, W. W. (1961). Management Models and Industrial Applications of Linear Programming, John Wiley & Sons, ISBN: 9780471148500.3) Ehrgott, M., Figueira, J. R. and Greco, S. (Eds). (2010). Trends in Multiple Criteria Decision Analysis, Springer, ISBN: 978-1-4419-5903-4.4) Gal, T., Stewart T. J. and Hanne T. (1999). Multicriterion Decision Making, Springer Verlag, ISBN: 978-1-4613-7283-7.5) Greco, S., Ehrgott, M. and Figueira, J. R. (2010). Trends in Multiple Criteria Decision Analysis, Springer Verlag, ISBN: 9781441959041.6) Hwang, Ching-Lai. and Yoon, Kwangsun. (1981). Multiple Attribute Decision Making Methods and Applications A State-of-the-Art Survey in Lecture notes in Economics and Mathematical Systems, 186, Springer-Verlag, Berlin, ISBN: 978-3-540-10558-9.7) Keeney, R. L. and Raiffa, H. (1993). Decisions with Multiple Objectives: Preferences and Value Tradeoffs, Cambridge University Press, ISBN: 0-521-44185-4.8) Pomerol, Jean-Charles. and Barba-Romero, S. (2000). Multicriterion Decision in Management: Principles and Practice, Kluwer Academic Publishers, ISBN: 0-7923-7756-7.9) Saaty, Thomas L. (1994). How to make a decision: The Analytic Hierarchy Process, Interfaces, 24, 19–43.10) Saaty, Thomas L. (1996). Decision Making with Dependence and Feedback: The Analytic Network Process, RWS Publications, ISBN: 0-9620317-9-8.11) Tzeng, Gwo-Hshiung. and Huang Jih-Jeng. (2011). Multiple Attribute Decision Making: Methods and Applications, CRC Press Taylor & Francis, ISBN: 978-1-4398-6157-8.

Instructor bio

Prof. Raghu Nandan Sengupta

IIT Kanpur
Prof. Raghu Nandan Sengupta completed his bachelors in engineering in Mechanical Engineering from Birla Institute of Technology Mesra, Ranchi INDIA and his FPM (PhD) from Indian Institute of Management Calcutta, INDIA with specialization in Operations Management. His research interests are in Sequential Analysis, Statistical & Mathematical Reliability, Optimization and its use in Financial Optimization. His research work has been published in journals like Metrika, European Journal of Operational Research, Sequential Analysis, Computational Statistics & Data Analysis, Communications in Statistics: Simulation & Computation, Quantitative Finance, etc. At Indian Institute of Technology Kanpur, INDIA he is a Professor in the Industrial & Management Engineering department and teaches courses like Probability & Statistics, Stochastic Processes & their Applications, Management Decision Analysis, Financial Risk Management, etc. He is also the recipient of IUSSTF Fellowship 2008 and visited Operations Research & Financial Engineering department at Princeton University, USA, ERASMUS MUNDUS Fellowship 2011 to Warsaw University, POLAND, EU-NAMASTE Fellowship 2015 to IST, University of Lisboa, PORTUGAL, DAAD Fellowship 2015 to TU Dresden, GERMANY.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams:  April 23, 2022  Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup. It will have the logos of NPTEL and IIT Kanpur .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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