General tasks
The course will teach students the principles for making rational, defensible decisions with and without uncertainty. These decisions do not guarantee a good outcome, but they improve the odds of a favorable outcome. Students will learn a disciplined, structured approach to rational decision-making. Finally, the course will teach how to make choices when the actions of competitors or cooperators affect the outcomes of your choices
Specific tasks
- Knowledge and understanding
After the course, students will be able to
--- account for fundamental aspects of Multi-Criteria Decision Analysis (MCDA)
--- apply basic principles of MCDA in different cases
--- describe the multi-dimensional nature of environmental issues
- Applying knowledge and understanding
Students, after this course, will learn a disciplined, structured approach to rational decision-making and to decompose environmental projects into appropriate sustainability criteria (energy, economic, technological, environmental, societal criteria)
- Making judgements
After the course, students will learn to assess criteria on a qualitative and/or quantitative basis and to perform a comparative evaluation of potential competing projects
- Communication skills
By the end of the module, students should be able to understand and explain the basic concepts of multi-criteria optimization, to formulate real-world problems from management and environmental economics as multi-criteria optimisation problems, to discuss different solution concepts, their advantages and their limitations in practice, to apply and justify several solution methods for multi-criteria optimization problems, and discuss their drawbacks and their advantages
- Learning skills
The contents of the course are provided through various teaching methods. They are aimed not only at developing the ability to understand and apply knowledge, with independent judgment and adequate communication skills, but also to increase the knowledge on contents similar to those of teaching