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SyllabusMBAC6080Evening - DECISION MODELING AND...

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DECISION MODELING AND APPLICATIONS – SPRING 2008 COURSE: MBAC6080 (572), 3 Credits. MEETING TIMES: W6:30-9:15pm, KOBL 125. INSTRUCTOR: Thomas Vossen, E-mail: [email protected] . Phone: (303)735-2446 OFFICE HOURS: MW 4:30-6:00pm (KOBL S444) or by appointment. TEXTBOOK: Cliff T. Ragsdale, , 5th Edition, 2007. Thomson South-Western. WEB SITE: http://myleeds.colorado.edu/ FINAL EXAM: Wednesday April 23, 6:30-9:15pm OVERVIEW: This course is designed as an introduction to Decision Science, which considers the application of mathematical modeling and analysis to managerial problems. Applications of Decision Science, which is also known as Management Science or Operations Research, have proven to be extremely useful in a variety of business settings, from operations, marketing, and accounting, to finance. This course will focus on Decision Science from a modeling perspective, and emphasize a structured approach to problem-solving in management situations. The primary objective of this course is to help students become proficient in developing models and in executing model-based analyses. In other words, students will learn how   to translate business situations into formal models, and to investigate those models in an organized fashion. To achieve this objective, the course will introduce common analytic methods, discuss their strength and weaknesses, and show how they can be used to help managers make better decisions. Throughout the course, students will be exposed to a variety of applications in which these models can be applied effectively. Moreover, the course will show how to use Excel spreadsheets and other software packages effectively for business modeling analysis. PREREQUISITES: It is assumed that each student has a basic familiarity with EXCEL.
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EVALUATION: There are three principal requirements for the course: Exams, Homework, and Case Reports/Class Participation. 1. Exams During the semester, there will be one midterm exam during regular class hours and one final exam. The final exam is comprehensive for the entire course. The midterm and final examination will be closed book and closed note exams. The final exam will be optional for students who choose to perform a project assignment. The project assignments should consider the application of Decision Science in an actual company, and may be done in groups of up to four persons. Students who are interested in this option should submit a project proposal by February 20. See Project Guidelines for more detail. 2. Homework There are ten homework assignments, but only eight will count toward your final grade -- the lowest two homework scores will be dropped. The reason for doing this is to accommodate interview trips, project deadlines, personal emergencies, and other unforeseen circumstances. Please note that you are still responsible for the material covered on dropped assignments at exam time. Assignments are due on Wednesdays . Some of the homework exercises may require the use of Excel or other
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SyllabusMBAC6080Evening - DECISION MODELING AND...

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