MGMT-203 Quantitative Methods for Business and Economic Decisions

This business foundation course helps students to understand the concepts, techniques and applications of both deterministic and probabilistic mathematical/quantitative methods for strategic and operational business decisions. The course focuses on how applied mathematical/quantitative methods can be used to improve critical business and economic decisions for better and sustainable expected results. Discussion topics will include linear programming and optimization methods, decision models under certainty and risk, inventory models, waiting line and simulation methods, project scheduling and network analysis, and integral and differential calculus for economic and business applications. Prerequisite: MGMT-202 or equivalent statistics course. 4 SH.