Business Modeling I

1.0 credits

This course has two major objectives: to develop your ability to frame business decision problems in a way that makes them amenable to quantitative analysis, and to train you in some fundamental techniques useful for analyzing and solving these problems. The course draws on three toolkits: 1. Spreadsheets to model business problems. 2. Optimization techniques to solve complex decision problems involving many variables and constraints. 3. Monte Carlo simulation for understanding and analyzing uncertainty. Examples from different functional areas will demonstrate how the techniques taught can be applied in a practical way to a variety of settings.