Decision Modeling

Catalog description

Introduces the development, implementation, and utilization of business models for managerial decision making. It covers formulation of models and interpretation of the information a model produces. Some of the deterministic optimization techniques (e.g. linear/nonlinear models) and probabilistic decision-making techniques (e.g. network models and decision trees) are covered. Course overlaps with: QMETH 450. Prerequisite: either TMATH 110, T BGEN 200, QMETH 201, STAT 220, STAT 221/CS&SS 221/SOC 221, or STAT 311.