Undergraduate Programmes

As business problems become more complex, managers need to approach decision making within an organised framework. This course introduces students to the basic tools in using decision models to make informed management decisions. The focus of the course will be on model building and analysis. The use of computer based solution tools will be emphasized throughout the course. Students will be expected to structure business problems as decision models, solve models using the prescribed software and interpret the computer-generated solutions.

Topics covered in the course include decision making under uncertainty and risk for a single decision maker; competitive decision making and negotiations; optimization techniques using linear and non-linear programming models; forecasting techniques; waiting line management; applications in business processes design and analysis and inventory control; simulation techniques for making complex management decisions.