Business Modeling

2.5 credits

This course has two major objectives: to develop the ability to frame business decision problems in a way that makes them amenable to quantitative analysis and to train in fundamental quantitative analysis techniques useful for business problems. The course is structured in three parts: 1. using spreadsheets to model business decision problems. 2. solving complex decision problems involving many variables and constraints. 3. Monte Carlo simulation is introduced as a framework for understanding and analyzing uncertainty in business. Examples from different functional areas will demonstrate how the techniques taught can be applied in a practical way to a variety of settings.