Quantitative Decision Making for Business I

Catalog description

An introductory course in operations research. Emphasis is placed on problem formulation, model construction, methodology, and application to business decision problems. Both deterministic and probabilistic models will be discussed. Topics covered will include statistical decision making under uncertainty, inventory models, linear programming, critical path analysis, and simulation models. MGT 3500 may not be used to satisfy the requirement of OPR 3450 for Statistics, Computer Information Systems, and Accounting majors. Students may not receive credit for both OPR 3450 and OPR/STA 3300.