Spreadsheet Modeling and Decision Analysis

Catalog description

Successful management requires the ability to make good decisions by responding to challenges and taking advantage of opportunities in complex situations. However, many decision problems -- particularly those involving many uncertainties and many variables -- are difficult to grasp intuitively, and their stakes may be too high for trial and error. In such cases, spreadsheet models may be useful for exploring, evaluating, and improving the alternatives in a systematic fashion. This course provides an introduction to the 'art' as well as the 'science' of decision modeling with Microsoft Excel. The ideas and skills learned in this course are applicable in most areas of business. This course is for MMS: Foundations of Business students.