MSL 5080 - Methods of Analysis for Business Operations

Description

Examines quantitative analysis techniques in strategic business decision-making and the management of production and service operations. Introduces tools such as forecasting, decision analysis simulation, linear programming, and project management. These quantitative techniques assist managerial decision-making in finance, marketing, quality assurance, service, and human resources.

Outcomes

1. Differentiate the steps of the quantitative analysis approach.
2. Distinguish between the approaches to determining probability.
3. Contrast the major differences between the normal distribution and the exponential and Poisson distributions.
4. Justify the major steps in decision-making.
5. Explain the criteria for making decisions under organizational uncertainty.
6. Illustrate the various methods of decision-making under risk.
7. Assess the differences between correlation and causation.

PreRequisites

1. RCH 5302

Textbook(s)