Course Catalog and Schedule



Decision Making and Modeling (DECS-450-0)
1.00 Credit
TCE BidStats

Description:
This course introduces fundamental concepts and modeling tools for decision making under uncertainty. The pedagogical approach combines business cases, conceptual frameworks of probability and risk analysis, and spreadsheet modeling of managerial decision problems. The course will also provide you with training in state-of-the-art Palisade's DecisionTools Suite to perform and interpret Monte Carlo simulation and decision tree models. Among the concepts discussed in depth are the value of information, option value, selection bias, herd behavior, risk aversion, and the “flaw of averages.'' The concepts and tools are illustrated using business applications in the areas of economics, strategy, operations, and finance.

For more information about the course content, recent syllabus, and TCEs, please click here.




Negative Requisites:
All Students: DECS-433-0 OR DECS-436-0 OR DECS-445-0

Download Schedule Information
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Academic Year Term   Session Course ID Title Sec ID   Credits Syl Instructor Times Campus Location Mand 1st Exam
2015-2016 Fall 2015 10 Weeks DECS-450-0 Decision Making and Modeling 61 1 Al-Najjar, Nabil Mon/Thu 1:30 PM - 3:00 PM Evanston Jacobs (G44) N 12/7 @ 1:30 pm; Room G44
2015-2016 Fall 2015 10 Weeks DECS-450-0 Decision Making and Modeling 62 1 Al-Najjar, Nabil Mon/Thu 3:30 PM - 5:00 PM Evanston Jacobs (G44) N 12/7 @ 1:30 pm; Room G45
2015-2016 Spring 2016 10 Weeks DECS-450-0 Decision Making and Modeling 81 1 Al-Najjar, Nabil Wed 6:30 PM - 9:30 PM Evanston Jacobs (G45) N Confirm final deliverable with professor and syllabus.
2016-2017 Fall 2016 10 Weeks DECS-450-0 Decision Making and Modeling 61 1 Al-Najjar, Nabil Mon/Thu 3:30 PM - 5:00 PM Evanston TBD (Room TBA) N
2016-2017 Fall 2016 10 Weeks DECS-450-0 Decision Making and Modeling 81 1 Al-Najjar, Nabil Thu 6:30 PM - 9:30 PM Evanston TBD (Room TBA) N