B6015 DECISION MODELS

 

 

Course Description

This course provides an introduction to computer-based models for decision making the emphasis is on models that are widely used in diverse industries and functional areas, including finance, operations and marketing. Case applications will deal with production planning, inventory control, capacity planning, and portfolio optimization. The main types of tools in the decision models are linear programming, integer programming, and simulation.

 

Exemption Exam Guideline

Appropriate for anyone who has one course in linear programming and one course in simulation. Exam must be taken prior to the beginning of the second term.

 

Type and Length of Exam

Closed book, three (3) hourse, calculator permitted.

 

Recommended Review

Eppen, Gould, and Schmidt. Introductory Management Science. 4th ed., (Englewood Cliffs, NJ: Prentice-Hall, 1993). Chapters 1-4, 7, 8, 13.