This course emphasizes the use of decision-making models in business. Students will learn to use quantitative methods to choose alternatives in the decision-making process. Software applications (spreadsheets and databases) will be used to support the decision-making process.
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Upon successful completion, the student will be able to:
Apply descriptive statistics and basic probability theory to management science models.
Compare decision-making techniques including: Decision Analysis, Forecasting Methods including Simple Regression, Time Series, Linear Programming and basic Inventory models.
Manipulate data between databases and spreadsheets.
Import data into a spreadsheet and carry out a statistical analysis of the data.
Build a spreadsheet model using an effective methodology.
Analyze business decision problems using spreadsheet functions such as formulas, charts, and logic operators, and tools like Solver, Pivot Tables and Goal Seek.
Effective as of Fall 2014
OPMT 5515 is offered as a part of the following programs:
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