DCSN205 B-LG2.1: Decision making
Description
3. Understand and apply decision matrices, multi-stage decision trees, and utility functions. 4. Understand the rationale for simulation within managerial decision making. Understand and apply simple discrete-event simulation. 5. Understand and apply linear programming models and sensitivity analysis. Be able to solve a two-variable model graphically. 6. Build and apply a linear programming model of a managerial problem using a computer tool, and employ sensitivity analysis. Assessed using AoL rubric on lab test. 7. Understand and apply network models, integer programming models, and basic non-linear programming (quadratic) models. 8. Understand and apply multi-objective programming methodology to linear and non-linear models. Understand and apply multi-criteria decision making. 9. Understand and apply project management models. 10. Understand and apply queuing models.