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15.063

Communicating With Data

Graduate · Historical course

Summer 2003

Topics

  • Introduction
  • Decision Analysis I - Kendall Crab and Lobster Case
  • Laws of Probability
  • Decision Analysis II - Graphic Corp. Case
  • Value
  • Discrete Probability
  • Binomial Distribution
  • Portfolio Risk Management
  • Normal Distribution
  • Central Limit Theorem
  • Sampling and Sample Means
  • Simulation
  • Gentle Lentil Case
  • Estimation and Mis-estimation
  • Ontario Gateway Case
  • Regression I
  • Regression II
  • Regression III
  • Communication Exercise
  • Summary

Readings

  • Chapters refer to the required course textbook:
    Listed reading
  • Bertsimas, Dimitris, and Robert M. Freund. Data, Models, and Decisions: The Fundamentals of Management Science . Southwestern College Publishing, 2000. ISBN: 097591460X.
    Listed reading
  • LEC #: 1 · TOPICS: Introduction · READINGS: Begin reading Chapter 1.
    Reading assignment
  • LEC #: 2 · TOPICS: Decision Analysis I - Kendall Crab and Lobster Case · READINGS: Read Chapter 1 and, if possible, Chapter 2.1-2.3. Read Kendall Crab and Lobster Case.
    Reading assignment
  • LEC #: 3 · TOPICS: Laws of Probability · READINGS: Read Chapter 2.1-2.3.
    Reading assignment
  • LEC #: 4 · TOPICS: Decision Analysis II - Graphic Corp. Case · READINGS: Read the Graphic Corp. Case at the end of Chapter 2.
    Reading assignment
  • LEC #: 6 · TOPICS: Discrete Probability · READINGS: Read Chapter 2.4-2.8.
    Reading assignment
  • LEC #: 8 · TOPICS: Portfolio Risk Management · READINGS: Read Chapter 2.9-2.11 and 2.13.
    Reading assignment
  • LEC #: 9 · TOPICS: Normal Distribution · READINGS: Read Chapter 3.4-3.8.
    Reading assignment
  • LEC #: 11 · TOPICS: Sampling and Sample Means · READINGS: Read Chapter 4.1-4.3 and 4.7.
    Reading assignment
  • LEC #: 12 · TOPICS: Simulation · READINGS: Read Chapter 5. (It May be Useful to Re-read Chapter 4.1-4.2.)
    Reading assignment
  • LEC #: 13 · TOPICS: Gentle Lentil Case · READINGS: Read the Gentle Lentil Restaurant Case at the end of Chapter 5.
    Reading assignment
  • LEC #: 15 · TOPICS: Ontario Gateway Case · READINGS: Read the Ontario Gateway Case at the end of Chapter 5.
    Reading assignment
  • LEC #: 16 · TOPICS: Regression I · READINGS: Read Chapter 6.1-6.7.
    Reading assignment
  • LEC #: 17 · TOPICS: Regression II · READINGS: Read Chapter 4.4-4.5 and Chapter 6.8-6.10. Read the two regression cases entitled “Predicting Heating Oil Consumption at OILPLUS” and “Executive Compensation” at the end of Chapter 6.
    Reading assignment
  • LEC #: 18 · TOPICS: Regression III · READINGS: Read “The Construction Department at Croq’Pain” at the end of Chapter 6.
    Reading assignment
  • LEC #: 19 · TOPICS: Communication Exercise · READINGS: Additional reading to be handed out.
    Reading assignment
Sources