Topics include random number and random variate generation, techniques for modeling complex systems, simulation program design, validation, implementation, and applications in business. Assignments will involve computer exercises. Decision Support Systems and Models. Theory, methodology, and implementation of computer-based decision support models are presented. Computer-based decision models involve an integration of quantitative tools, financial concepts, accounting, and computing.
Emphasis is on the structure and development of such models.
The design, development and use of computer-based decision support systems for managerial decision making is examined. Models and implementation of real-world systems will also be discussed. Statistical Methods in Business I. 4 hours. Three hours lecture and one hour lab. Descriptive statistical measures, basic probability notions, estimation and hypothesis testing for the mean, proportion and variance in a population, and simple linear regression models.