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Li Ka Shing Library

Master of Science in Management : OPIM 618

This guide points to useful print and electronic resources for the modules in the programme.

OPIM618: Decision Analysis by Assoc. Prof. Sharafali MOOSA

The objective of this course is to introduce Decision Analysis, which is the application of the scientific method to managerial and personal decision-making. The decision analysis approach of analysing decisions consists of defining a problem, developing a model, acquiring data, developing a solution, testing the solution, analyzing results and implementing results. Decision models can be categorized as Prescriptive, Predictive and Descriptive. This course will discuss some Prescriptive and Descriptive models. To be specific, this course will introduce quantitative modeling tools such as linear and integer programming, and simulation.

On successful completion of the course, students should be able to:

  • Analyze business or personal problem situations and structure them
  • Formulate a quantitative model to represent the problem situation using the techniques learned. The models to be learned are linear and integer programming and simulation models.
  • Use Excel as the tool to model building, solution and analysis
  • Solve the problem using the techniques learned
  • Interpret the results and perform what-if analyses to gain insights
  • Explain the usefulness and the limitations of the modeling approach to solving decision problems
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Recommended Text

Required Readings

Harvard Business Cases

Note that Harvard Business Cases are not available online or through the library. Please check with your school administration.


Harvard Business Review articles

For HBR articles, please use our library homepage to search for them.


Journals

The use of electronic resources must comply with the Appropriate Use of Electronic Resources Policy and Singapore Management University Acceptable Use Policy