project,economics,and  cost management

Education and Consulting

Management Science

Objectives : Develop the skill and perspective necessary to artfully use quantitative techniques for the resolution of practical business problems. To know when and how to do managerially relevant analysis under conditions of uncertainty, many decision variables, unstructured contexts, and active competition, in a way that integrates personal judgment, available data, and formal analytical techniques. Emphasis is not on the mastery of sophisticated mathematical techniques, but rather on exploring the most widely applicable methodologies.

 

Content: The course consist of four modules: (i) model building and risk simulation, (ii) multi-criteria decision making, (iii) model building and optimization, and (iv) games and competition.

 

Methodology : The course is case based. Cases describe general managerial situations from multiple industries such as airlines, oil companies, movie industry, banking, sports, software, and services. The case method is complemented with individual exercises and group presentations. The course also emphasizes the mastery of spreadsheet modeling because it enhances the ability to build more realistic models in a simpler way. Laptops in class are welcomed.