Stochastic and deterministic models will be emphasized. Topics include linear programming, queueing, Markov chains, and simulation. May not be taken by students who have passed MASC 312. Consent of instructor. Application of statistics in management decision making.
Emphasis is placed on the proper design, analysis and interpretation of planned experiments.
Topics include single factor through fractional factorial experiments. Introduces the Management Department and Management degree programs to new students. Provides an overview of program content and the skills and capabilities expected of students as they progress through the program. Familiarization with the use of mainframe computers for statistical analysis and access to internet facilities. Management's role as a factor of economic production.