A study of statistical methods used for business decisions. Topics include descriptive statistics, probability, estimation, hypothesis testing, regression analysis, and forecasting. Emphasis is on developing and interpreting information for business research and decision making. A study of quantitative approaches to decision making. Topics include break-even analysis, linear programming, inventory management, queuing theory, project management techniques, and Monte Carlo simulation.
Emphasis is on developing and interpreting information for managerial decision making.
This course examines the production and operations system of the firm and appraises the methods available to aid in management decision-making. Production and inventory control and general plant management techniques are surveyed. Both manufacturing and service organizations are analyzed. An examination of the concepts, practices, and problems of administering human resource functions in an organization. This course is useful for those pursuing careers as human resource managers as well as general managers.