Decision Analytics

Catalog description

An overview of spreadsheet models available to analyze decision problems in various functional fields including finance, marketing, and operations. The course topics will include optimization, simulation and decision making under uncertainly. Typically offered Fall Spring Summer. Prerequisite(s): BIZA 32500 FOR LEVEL UG WITH MIN. GRADE OF C- OR BIA 32500 FOR LEVEL UG WITH MIN. GRADE OF C- Course Learning Outcomes 1. Construct an optimization model using spreadsheet. 2. Apply linear programming in making decisions in the area of operation management such as production mix, personnel scheduling, aggregate planning and multi period production models. 3. Use mixed integer linear programming tool in making decisions in the areas of capital budgeting and fixed charge models. 4. Create and use non-linear programming in portfolio optimizations and pricing models. 5. Use goal programming and Trade-off-Curves in making decision of multiple objectives. View Class Schedule