DecisionModeling&Risk Analysis

Catalog description

This course uses problems and cases, primarily from general management, finance, marketing, and operations, and spreadsheet-based analytical tools to improve your decision-making ability in an uncertain and complex business environment. Students learn techniques widely used to estimate the impact of a decision on performance measures of interest, assess and manage risk, structure problems and determine the optimal decision. The course has three segments: Spreadsheet Modeling, Decision Making under Uncertainty (using Decision Trees and Simulation), Decision Making under Certainty (using Linear, Integer and Nonlinear Programming). Microsoft Excel and Excel add-ins are used throughout the course. All classes will be held in a computer lab. Prerequisite: MGMT 503 and MGMT 507. Offered as needed.