This course offers a refreshing perspective on both competition and cooperation. Students wishing to enroll in the course should register for Human Resource Management B8412-03 Managerial Negotiations in the fall. This section is different from the other sections of B8412 in that the instructor places greater emphasis on game-theoretical foundations of the negotiation process. B6015 or the equivalent. This course is about the solution of management problems using mathematical modeling.
Emphasis is placed on the application of the models through the use of case studies.
Topics include advanced optimization models, integer programming, heuristics, Markov processes, queueing models, dynamic programming simulation and forecasting. Applications are selected from production management, inventory control, finance, corporate strategic planning, facility layout and design and other management areas. The development of models for security pricing, portfolio analysis and risk management. Techniques used include binomial methods, Monte Carlo simulation, linear and quadratic programming and regression. Models are implemented and tested in spreadsheets or specialized software.