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Course Details

Evanston class schedule is currently available through Summer 2022. Chicago class schedule is currently forecast through Summer 2022.

OPNS-450-0

Analytical Decision Modeling

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Course Details

Analytical Decision Modeling - OPNS-450-0

1.0 Credit

PASS/NO CREDIT

Yes (may vary by section)

COURSE TYPE

MMM Students : Elective All other students : Elective

WAIVER OPTIONS

None

TRACKS

Data Analytics Pathway
Operations Major
Technology Management Pathway

DESCRIPTION

This course focuses on structuring, analyzing and solving managerial decision problems on Excel spreadsheets. We address problems of resource allocation (how to use available resources optimally), risk analysis (how to simulate the effects of uncertainty in problem parameters), decision analysis (how to analyze sequential decisions involving uncertainty), data analysis (how to synthesize the available data into useful information) and forecasting (how to extrapolate past observations into the future). In each area, we pose specific problems from operations, finance and marketing, structure them on Excel spreadsheets, and analyze and solve them using the available Excel commands, tools and add-ins. The course involves a hands-on, in-class learning experience in modeling and analyzing a variety of business decision problems on a common spreadsheet platform. It should, therefore, enhance one's problem-solving capabilities as well as spreadsheet skills. A good working knowledge of Microsoft Excel is required.

SCHEDULE SUMMARY

	Fall	Winter	Spring	Summer
2021-2022		Ev		Chi
2020-2021	Chi/Ev

PREREQUISITES

Full-Time: (FINC-430-0 OR FINC-440-0 OR FINCM-430-0) AND (OPNS-430-0 OR OPNS-438-5 OR OPNS-440-0 OR OPNSM-430-0)
E&W: (FINC-430-0 OR FINC-440-0) AND (OPNS-430-0 OR OPNS-438-5)
Negative Prerequisite:
Full-Time: OPNS-440-0 OR OPNS-441-0
E&W: OPNS-441-0

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