MGMT651_Session1_ClassNotes_SUA19.pptx - Lecture 1 MGMT 651...

This preview shows page 1 - 7 out of 27 pages.

The preview shows page 5 - 7 out of 27 pages.
1Lecture1MGMT 651Analytics for ManagerialDecision-Making
2EXTERNAL ENVIRONMENTTECHNOLOGICALCULTURALHISTORICALPSYCHOLOGICALPOLITICALLEGALENVIRONMENTALGLOBALETHICALStrategic Planning ProcessDetermine Goals, Policies and ObjectivesSelection of AlternativesGeneralConstraintsSystemsAnalysisPlanOrganizationalStructureImplementation ProcessDevelop Alternatives Within Given ObjectivesMixedConstraintsProjectAnalysisDevelopOrganizationalStructureOperating ProcessINPUTSOUTPUTSOperationsAnalysisSpecificConstraintsEconomyEfficiencyPerformanceStandardsECONOMICBusinessEnvironments
3Introduction·Problem Solving, Quantitative Analysis andDecision Making·Management Science Techniques
Management Science·The body of knowledge involving quantitativeapproaches to decision making is referred to as
4
5MS/OR @
66 signs Quantitative Analysis canhelp!·You face complex decisions.·You're having problems with processes.·You're troubled by risk.·Your organization is not making the most of itsdata.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 27 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
N/A
Tags
Economics, Operations Research, Optimization, Ponderosa Development Corp

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture