Students will develop and sharpen negotiating skills by negotiating with other students in real-world cases. This course offers a refreshing perspective on both competition and cooperation. These sections are different from the other sections of B8412 in that instructors place greater emphasis on game-theoretical foundations of the negotiation process. B6015 or the equivalent. 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, Markov processes, queuing models, dynamic programming and simulation. Applications are selected from production management, inventory control, finance, corporate strategic planning, facility layout and design and other management areas. Special topics in the area of manage-ment science. Recent topics have included analytical models in finance, discrete event simulation, distribution models, multi-echelon inventory management, planning models for portfolio management and securities pricing and Brownian and fluid models of manufacturing systems. The first in a two-course sequence in probability and statistics.