multi-party-dq-collaboration-and-competition-in-decision-making

Multi-Party DQ: Collaboration and Competition in Decision Making

Assemble concepts, tools, and skills for applying the DQ Framework in multi-party situations.

Overview

In many decision-making situations, more than one decision body is involved. They each have different goals with differing value metrics. Applying Decision Quality (DQ) principles requires the concepts and tools of Game Theory, Multi-Criteria DQ, and the skills for designing a process for effective collaboration and negotiation. This course complements the Negotiation and Collaborative Decision Making course with the DQ framework applied in multi-party settings and the rigor of negotiation analysis and risk sharing.

This class is available for university credit. Please contact Lynn Slattery at Lynn.Slattery@mccombs.utexas.edu or 512.471.5893 for more information.

Strategic Decision and Risk Management

Clarify problems, explore available options, develop a structured framework, understand the impact, and commit to your choice.

Two Day Concentrated Program

Registration begins at 8:00 a.m. and class runs 8:30 – 4:30 both days with a one-hour lunch.

Strategic Decision Professionals

Our partnership with SDG combines UT's academic research and SDG's real-world experience in decision consulting to create an unmatched learning experience.

Benefits

Understand the DQ Framework in multi-party decision situations
• Diagnose the situation and design the process for collaboration and competition
• Apply game theory to participate in alliances, joint ventures, and negotiations more effectively
• Develop valuations using multi-criteria analysis
• Increase total value and achieve agreement with value transparency
• Quantify risk and use risk sharing to enhance the opportunities for multiple parties

Topics

Extending the DQ framework for multi-party decision
Game Theory 101
Diagnosis of multi-party decision situations
Design of multi-party processes for maximum success
Multi-Criteria Decision Making
Game Theory 201

Additional Information

Prerequisites:None
CEUs: Participants earn 1.4 CEUs and/or 14 CPEs for this course. A certificate of completion will be presented from Texas Executive Education.
Course Credits: 1
Hotel Information: Texas Executive Education classes qualify for discounted hotel room rates at the AT&T Executive Education and Conference Center on a limited basis. Discount code will be provided on the course materials page after class registration is complete.

Faculty

Eric Bickel

Dr. Eric Bickel is a professor and director of the Operations Research and Industrial Engineering program at The University of Texas at Austin. In addition, he holds a courtesy appointment in the Department of Information, Risk, and Operations Management in the McCombs School of Business and is the Academic Director of the Strategic Decision and Risk Management (SDRM) certificate program. He also directs the Center for Engineering and Decision Analytics (CEDA) and the Engineering Management program.

Dima Shamoun

Dima Shamoun is a Clinical Assistant Professor in the Department of Finance at the McCombs School of Business at the University of Texas at Austin, where she teaches economics in the MBA and BBA programs.

Upcoming Sessions

Texas Executive Education

McCombs School of Business