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BUSN625 - Applied Decision Making

Course Details

Course Code: BUSN625 Course ID: 2741 Credit Hours: 3 Level: Graduate

This is a course in business analysis. This course investigates the advanced analysis methods and techniques used to solve modern business problems. The course emphasizes the most successful methods from business statistics, production and operations management, management science, and operations research fields of study. Students will be required to synthesize material from several major fields of study in order to apply it in this course. The capabilities of Microsoft Office will be used extensively throughout the course to illustrate the application of these methods and techniques to the analysis and solution of modern business problems. The course will first investigate the types of problems faced by businesses in the both the production and service areas. Methods of analysis will be investigated to solve these type problems including probability concepts and their applications, statistical quality control, process design, forecasting, inventory control, waiting line models, transportation and assignment methods, decision analysis, and simulation modeling.

Course Schedule

Registration Dates Course Dates Session Weeks
11/25/19 - 05/01/20 05/04/20 - 06/28/20 Spring 2020 Session I 8 Week session
12/30/19 - 05/29/20 06/01/20 - 07/26/20 Spring 2020 Session D 8 Week session
01/27/20 - 07/03/20 07/06/20 - 08/30/20 Summer 2020 Session B 8 Week session

Current Syllabi

LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making

LO-2 Utilize statistical inference to draw relevant conclusions from data

LO-3 Apply regression analysis to inform business decision-making

LO-4 Discriminate among qualitative and quantitative forecasting models appropriate to discrete managerial needs

LO-5 Apply risk analysis to anticipate possible business outcomes

LO-6 Integrate statistical reports with managerial thinking to resolve uncertainty and achieve business utility

Book Title: Statistics, Data Analysis and Decision Modeling, 5th ed.
Author: Evans, James R.
Publication Info: Pearson
ISBN: 9780132744287

Book Title:Statistics, Data Analysis and Decision Modeling, 5th ed.
Publication Info:Pearson
Author:Evans, James R.
Unit Cost:$208.04
Electronic ISBN:9781269651196
Electronic Unit Cost:$37.80

Previous Syllabi

Not current for future courses.