UMass Boston

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Management Decision Models

Course Overview

Date / Time Location Credits Minimium Tuition*
9/3/24 - 12/13/24
MoWe 2:30p.m. – 3:45p.m.
University Hall Y04-4180 3 $2557 (guest students)
Date
9/3/24 - 12/13/24
Time
MoWe 2:30p.m. – 3:45p.m.
Location
University Hall Y04-4180
Credits
3
Min. Tuition*
$2557 (guest students)

Description

Using the framework of 1) data, 2) models, and 3) decisions, this course familiarizes the student with the systematic use of data and models in decision-making. The student acquires an appreciation of management science approaches to solving problems in business or government, public or private and profit or not-for-profit sectors. Examples of problems from various sectors and from various functional areas are discussed. Students gather data about these problems, develop models, and explore solutions, using computer-based analysis and managerial judgment. In addition, "what if" analyses are used to determine the sensitivity of model solutions to uncertainties in data inputs. The course is computer-based, using many of the advanced features on Excel and/or other software packages.

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Course Details