DCSN205 - Managerial Decision Making

DCSN205 - Managerial Decision Making
Course Number	DCSN205
Number of Credit Hours	3
Course Subject	Decision System
Taught at	Olayan School of Business

Course Description

This course is a spreadsheet-based introduction to the tools and techniques of modern managerial decision making. It addresses formulation of models that can be used to analyze complex problems taken from various functional areas of management, including finance, marketing, operations, and human resources. The goal is to understand how business decisions are reached, what tradeoffs are made, and how outcomes depend on the underlying data. A broad range of analytical methods is covered, including linear programming, integer linear programming, non-linear programming, multi-objective decision analysis, decision trees, queuing and service models, and Monte Carlo simulation. Software packages like Excel, Tree Plan, and Crystal Ball will be used.

Topical Coverage

Making Decisions Using Models, Overview of Optimization, Linear Programming, Sensitivity Analysis, Network Flow Models, Integer Programming, Optimization with Multiple Objectives, Nonlinear Optimization, Project Management Models, Queueing Models, Simulation

Learning Goals

DCSN205_B-LG1: Business professional knowledge and competence, DCSN205_B-LG2: Decision making

Specific Learning Objectives

DCSN205_B-LG1.1: Business professional knowledge and competence, DCSN205_B-LG2.1: Decision making

Prerequisite Courses

MATH 204 - Math for Social Sciences II, CMPS209 - Computers and Programming for the Sciences

Optional Corequisite Courses

DCSN200 - Operations Management

Instructional Methodology

Lecture, Class Discussion, Assignment, Quiz

Performance Evaluation

DCSN205_Midterm Exam, DCSN205_Final Exam, DCSN205_Lab Test, DCSN205_Assignments Quizzes Attendance and Participation