Management Science

Course Description

A survey of the fundamentals of management science. Emphasizes the concepts and mathematical techniques most useful in business and finance.

Learning Outcomes

  • Explain the management science approach to identification, analysis, decision, and implementation of problem solving.
  • Identify, categorize and discuss management problems that can be analyzed by linear programming.
  • Explain the importance of forecasting in organizations.
  • Construct models for a variety of PERT/CPM.
  • Describe the EOQ model and its variations or expansions.
  • Illustrate the decision tree method of analysis for decision making under risk and under certainty and expected value.
  • Demonstrate the transportation method to solve problems manually and with the northwest corner method
  • Solve case problems using computer software.

Prerequisites

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School of Business and Management

“Our business and management programs equip students with the knowledge and tools needed to lead their organizations and stay competitive in the job marketplace.”
School of Business and Management
Asya W.
Class of 2009