DSCI 5210 - Model-Based Decision Making

3 hours

Explains how model-based decision support systems aid managerial decision processes. Attention will be paid to the how and why such a model is used in a support system environment. Course topics include the use of mathematical, statistical and business models that are embedded in decision support systems for dealing with both structured and semi-structured decision problems. Students identify opportunities and problems for which the use of modeling will enhance a decision maker’s chance of success. Different type of models and decision structuring techniques will be compared and contrasted, and appropriate techniques will be illustrated to analyze real-life situations.

Prerequisite(s): DSCI 5010 or equivalent.