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:
Harvard Business Cases
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Harvard Business Review articles
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