Decision Modeling

Catalog description

Business decision modeling is applied in all types of organizations to complement traditional approaches to managerial decision making. This course prepares managers to be active participants in the model building process by providing hands-on experience using realistic data and commercial-level Excel software ad-ins. The modeling approach is successfully applied to decision problems in human resource management, service delivery systems, marketing, finance, production and logistics. Applications of linear programming, non-linear programming, PERT/CPM, forecasting, decision trees, queuing and Monte Carlo simulation are covered in this course.