ECON 5513 - Decision Analysis and Quantitative Methods

Credits: 3

This course provides the student with the concepts, methods and tools for the application of logical and quantitative analysis to business decision making and problem solving. The course familiarizes the student with a wide range of software and other classical and contemporary resources related to decision and problem analysis, including basics of logic and decision making, principles of optimization, probabilistic distributions, linear programming, simplex, queuing and transportation problems, break even analysis, inventory management, forecasting and simulation. The course highlights the benefits as well as the limits of quantitative analysis in a real-world context.