Decision Models

(2 Credits)

This course introduces the basic principle s and techniques of applied mathematical modeling for managerial decision making. You will learn to use some important analytic methods (e.g.spreadsheet modeling, optimization, Monte Carlo simulation), to recognize their assumptions and limitations, and to employ them in decision making. The course is entirely hands-on. The emphasis will be on model formulation and interpretation of results, not on mathematical theory. The emphasis is on models that are widely used in diverse industries and functional areas, including finance, marketing, and operations.