This course teaches you how to better analyze and solve management problems using spreadsheet-based methods. You will learn specific methods for clarifying your objectives, developing alternatives, addressing tradeoffs, and conducting a defensible quantitative decision analysis.
Researchers in problem solving and decision making have learned that untrained decision makers make characteristic errors. You will learn skills and tools to overcome these mistakes which you can put to use immediately, and which will remain effective as you move to greater levels of responsibility. The methods presented are illustrated using successful applications to strategy, operations, and regulation problems.
Prerequisites are basic spreadsheet skills, including elementary charting, and rudimentary probability concepts.
|Decision Making Project||50%|
Experience shows that students who have difficulty with this material generally have not done homework assignments on time and hence have fallen behind in the course. Because the material in this course is cumulative, it is important to keep up. The following is the late assignment policy for this course:
|[SDM]||C. W. Kirkwood, Strategic Decision Making: Multiobjective Decision Analysis with Spreadsheets, Duxbury Press, Belmont, CA, 1997.|