BUSO716

Restriction: Must be in Business and Management (Master's) program; or permission of BMGT-Robert H. Smith School of Business. Many different skills are required in arriving at informed managerial decisions. Among these are analytical and quantitative skills. Decision Modeling is one in a sequence of two courses that seeks to develop these two important skills. More formally, the goals of this course are: to introduce business optimization modeling techniques to aid in complex decision making environments, decision trees to structure strategic decision making problems in an uncertain environment, and Monte-Carlo simulation to help analyze and assess the risk associated with decisions in an uncertain environment. We will demonstrate the use of all techniques in this course in a spreadsheet environment.