EGRMGMT 580 - Decision Models

Description
Problems involving uncertainty and/or complex interactions can be too difficult to grasp intuitively. This course introduces spreadsheet modeling, simulation, decision analysis and optimization to represent and analyze such complex problems. First, the use of decision tress for structuring decision problems under uncertainty is discussed. Next, Monte Carlo simulation is used as a modeling environment, using add-in programs as necessary. Prerequisite: Familiarity with Excel, enrollment in the Master of Engineering Management program, or permission of instructor.
Credits
3
Attributes
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Recent Semesters
Spring 2020, Fall 2019, Spring 2019, Fall 2018, Spring 2018
Offered
M, W, Th
Avg. Class Size
42
Avg. Sections
2