# Managerial Decision Modeling

School of Business

BUS 533 Quantitative Methods forBusiness

Dr. Maria Dolores Espino

Office: O’Mailia Hall Rm. 118

Tel: (305) 628-6791

E-mail: Mespino@stu.edu

Text :

Nagraj Balkrishnan ,Barry Render, and Ralph M. Stair Jr., Managerial Decision Modeling with Spreadsheets Prentice Hall, 2007.

Course Overview :

Quantitative methods are used in business to aid managers and leaders in making decisions. The purpose of this course is to provide students with a comprehensive working knowledge of the quantitative methods, techniques and skills necessary for the application of concepts in learned in other MBA courses. During this course student will focus on, forecasting techniques, linear regression, project scheduling, queuing theory and linear programming. Students will learn to solve realistic problems using EXCEL and other computer- aided tools.

.Course Objectives:

• To provide students with a foundation in quantitative methods and techniques commonly used in business decision-making. • To provide students with the ability to analyze data and models, and present results in charts, graphs, and other numerical methods. • To introduce students to computer-aided tools which enhance and facilitate the quantitative analysis process and provide them with the skills to solve quantitative problems using Microsoft Excel and other software.

Method of Delivery:

• Traditional classroom meetings, lectures.

• Hands-on computer laboratory activities using EXEL and other software.

Method of Evaluation :

First Exam 45 %

Final Exam 45 %

Assignments and

Class Participation 10%

Course Outline :

Sessions 1-3

Introduction

Chapters 1.

Linear Programming

Chapters, 2, 3, and 4

Sessions 4 Test 1

Sessions 4-5

Project Management

Chapter 7

Sessions 5-...

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