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2025 Spring

QUANTITATIVE DECISION MAKING - MTH320 Spring 2025


Course
Greg Pezda
For information about registration please contact our admissions.

The course presents the quantitative methods used for making managerial decisions emphasizing the application in marketing. The course is aimed to develop critical and analytical approach to decision-making, which is particularly important in the current changing, hence uncertain environment. The class points out the typical problems in decision making (drawing on behavioral economics and psychology) to emphasize the importance of analytical and conceptual approach. The class illustrates theoretical models on practical cases and problems, using computer software and applications. The topics covered include: forecasting and statistical analysis, game theory, decision analysis and decision making under uncertainty, network analysis, introduction to linear programming.

Here is the course outline:

1. Introduction

Feb 4

introduction to QDM

2. Decision Analysis

Feb 11

decision analysis

3. Linear Programming

Feb 24

linear programming

4. Inventory_Control_EOQ

Mar 10

Inventory Control EOQ

5. Forecasting

Apr 1

Forecasting

6. Transportation Algorithm

Apr 15

Transportation Algorithm

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