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Courses - Summer 2025
BUSO
Online MBA Program
BUSO716
Credits: 2
Grad Meth: Reg
Restriction: Must be admitted to the appropriate graduate business program; or permission of the Masters Programs Office at the Robert H. Smith School of Business.
Many different skills are required in arriving at informed managerial decisions. Among these are analytical and quantitative skills. Decision Modeling is one in a sequence of two courses that seeks to develop these two important skills. More formally, the goals of this course are: to introduce business optimization modeling techniques to aid in complex decision making environments, decision trees to structure strategic decision making problems in an uncertain environment, and Monte-Carlo simulation to help analyze and assess the risk associated with decisions in an uncertain environment. We will demonstrate the use of all techniques in this course in a spreadsheet environment.