Business Modeling and Optimization. (3-0) 3 Credit Hours

Catalog description

Prerequisite: A grade of "C-" or better in MAT 1053 , and one of the following: BAN 1023 , STA 1053 , or STA 3003 , or equivalents. This is an introductory course in management science that teaches students how to construct mathematical models representing real-world problems, utilizing optimization techniques to find optimal solutions, enabling data-driven decision making by analyzing various scenarios and constraints within a business context. The course emphasizes model building and solution interpretation. Topics include, but are not limited to, linear and integer programming, network distribution models, project scheduling, waiting line models, simulation, and Markov processes. Spreadsheet modelling will be utilized for practical applications and model building. (Formerly MS 3053. Credit cannot be earned for both MS 3053 and BAN 3053 . Formerly titled: "Management Science and Operations Technology.") This course has Differential Tuition. Course Fee: DL01 $75.