Uusi opinto-opas (sisältäen myös opetusohjelmat) lukuvuodelle 2018-2019 sijaitsee osoitteessa https://opas.peppi.utu.fi . Tältä sivustolta löytyvät enää vanhat opinto-oppaat ja opetusohjelmat.

The new study guide (incl. teaching schedules) for academic year 2018-2019 can be found at https://studyguide.utu.fi. This site contains only previous years' guides.

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Archived Curricula Guide 2016–2018
Curricula Guide is archieved. Please refer to current Curricula Guides
SMAT5303 Decision Making 5 ECTS
Organised by
Applied Mathematics
Person in charge
Department of Mathematics and Statistics, Yury Nikulin
Preceding studies

Learning outcomes

The main goal is to familiarize students with the key concepts of the decision analysis and teach students to apply these concepts to model and analyze complicated real life systems involving decision making practice, Additionally, students will get skilled to construction and usage of various features of models that take into account decision support such as e.g. multiobjective, uncertain and dynamic specifics. Students will also learn to understand better the modeling assumptions and limitations, observe differences in the behaviour of the decision alternatives.


1. Introduction, preference modeling, structuring, decision analysis and rationality
2. Multi-attribute value theory
3. Value tree analysis
4. Multi-objective optimization as decision making tools
5 Game theoretic approach to decision making
6. Group decision making
7. Modeling uncertainty
8. Measuring risk
9. Utility theory
10. Decision trees and influence diagrams
11. Practical issues and applications

Teaching methods

Teaching method Contact Online
Lectures 28 h 0 h
Exercises 14 h 0 h

Not lectured 2014-2016.

Teaching language


Modes of study

Option 1
Available for:
  • Degree Programme Students
  • Other Students
  • Doctoral Students
  • Exchange Students
  • In English
Written exam
  • In English


Numeric 0-5.

Study materials

Eisenführ, F., Weber, M., Langer, T. (2010). Rational Decision Making + handouts

Belongs to following study modules

Department of Mathematics and Statistics
Archived Teaching Schedule. Please refer to current Teaching Shedule.
Implementation details are unavailable.
Department of Mathematics and Statistics
DP in Mathematics and Statistics
DP in Mathematics
DP in Statistics
MDP in Information Security and Cryptography
Finnish Study Modules