Also, to introduce them to decision making problems in firms based on accounting and other data. Moreover, it also introduces the participants to the techniques of linear and integer programming. Weeks 2 and 4 discuss a variety of decision situations, relating to pricing of products, new investments, budgeting, and evaluation of past performance.
Some effort is spent on acquiring a precise cost accounting terminology.
This part of the course also gives the participants the chance to further enhance their capabilities in using Excel for solving a variety of business problems. The afternoons are spent doing assigned exercises in the computer labs. The course is hands-on , in the sense that the participants are expected to work actively with various problems, under the guidance of the instructors and course assistants. However, it is a prerequisite for passing the exam that acceptable solutions to all assigned exercises have been handed in. Applied Production and Operations Management, 4th ed.