Decision Analysis

Catalog description

The focus of the course is the study of statistical methods and management science approach to improve the decision making process. Tools used for framing problems and performing logical analyses for decision-analytic modeling in Excel will be introduced. Various specific subjects and techniques, such as probability distribution, decision trees, linear programming, and sensitivity analysis will be covered throughout the semester. The assumption is that student’s Math skill has already corresponded to that of a typical college Math course..