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Management Decision Models
Management Decision Models
Using the framework of 1) data, 2) models, and 3) decisions, this course
familiarizes the student with the systematic use of data and models in
decision making. The student acquires an appreciation of management science
approaches to solving problems in business or government, public or private,
and profit or not-for-profit sectors. Examples of problems from various
sectors and from various functional areas are discussed. Students gather
data about these problems, develop models, and explore solutions using
computer-based analysis and managerial judgment. In addition, "what if"
analyses are used to determine the sensitivity of model solutions to
uncertainties in data inputs. The course is computer based, using many of
the advanced features on Excel and/or other software packages.
