syll-09-fall(2)

syll-09-fall(2) - Syllabus for STOR 112: Decision Models...

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Syllabus for STOR 112: Decision Models for Business 1 The subject of the course The following types of questions frequently arise in a business environment: 1. where to locate DVD shipping centers to minimize cost, and still be able to ship to all customers within a given time limit? 2. how to invest in a startup company, if the necessary investments, and rates of return are given, but at the same time we can always put our money in the bank as well? 3. if a stock is appreciating at a given rate, when is the best time to sell it, given the rate of inflation? 4. where to locate warehouses, to minimize the total cost of the warehouses and shipping costs to customers? 5. Given how the value of an asset (say a coin collection) is growing with time, and given the inflation rate, what is the best time to sell it? Quite a few Fortune 500 companies – Amazon.com, Dell, and WalMart come first to mind – managed to break away from the pack due to their excellence in analytical decision making. After completing this course, a student should be able to understand how to an-
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This note was uploaded on 09/20/2009 for the course STOR 112 taught by Professor Rubin,david during the Spring '06 term at UNC.

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syll-09-fall(2) - Syllabus for STOR 112: Decision Models...

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