Description
Develops basic competence and judgmental skills in using quantitative models and statistics for planning and decision-making. Emphasis is placed on recognizing situations where models and statistics can be used advantageously, when to work effectively with them, and how to make good use of them once they have been developed. Topics include probability, decision making under conditions of uncertainty, decision and risk analysis, forecasting, linear programming, modeling applications in marketing, manufacturing, finance and scheduling, and project management methods.