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BADM 574 - MSTM Simulation and Risk Analysis Spring 2013

Lectures: ADV: TR 9:30 am - 10:50 am in 2043 BIF GRD: TR 11:00 am - 12:20 pm in 2043 BIF

Final Exam: 7-10 pm, Tuesday May 7, 2013 ADV: 2041 BIF GRD: 2043 BIF

Instructor: H. Dharma Kwon, Assistant Professor of Business Administration, College of Business, University of Illinois Office: Email: Phone: Office Hours: 365 Wohlers Hall dhkwon@illinois.edu 217-333-3522 Tuesdays 2 - 4 pm or by appointment

Note: When you send email to the instructor, your subject line must contain the course title. During the office hours, you can call my office. Course Objectives: This course is about using numbers to make better decisions. The focus will be on “handson” use of quantitative tools for solution of management problems often involving risk and uncertainty. Specific course objectives: (1) Introduce you to practical yet sophisticated tools suitable for modeling and solving complex managerial problems with risky outcomes, and (2) improve

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your skill and experience with the use of spreadsheet tools for analysis of management decision problems. We will learn to mathematically model business decision problems and apply their analytical skills to realistic business contexts. The material covered is useful for executives in all professional areas of business, including but not limited to accounting, finance, marketing, information systems, operations management or any other area where it is important to combine quantitative analysis with expert intuitive judgment. Prerequisite: This course builds upon some rudimentary knowledge of mathematics (probability and statistics) and basic proficiency with Microsoft Excel. Required Materials: 1. To purchase the required electronic course pack, go to https://create.mcgraw-hill.com/shop/ and search for the following ISBN number: 1121833926. The course pack contains all required cases and some readings. 2. TreePlan, RiskSim, and SensIt (provided by the MSTM program and...
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