The use of computing tools in statistical analysis is emphasized heavily. A course covering the fundamental concepts of Total Quality Management, including the management philosophy underlying TQM and the technical methods needed to implement a quality program. The student examines the requirements of ISO 9000 and the importance of quality to order to compete internationally. An exploration of statistical forecasting techniques for business. The major focus is on the development and utilization of forecasting models to assist managers in decision making.
Students develop and explore several computer- based forecasting models.
Topics include the business planning environment for forecasting, basic concepts of forecasting, time series models and regression models. Spreadsheet models are emphasized. Topics include linear programming, project management, decision analysis, inventory control, and queuing systems. Analytical, numerical and simulation techniques are utilized. A course which summarizes and consolidates previously covered material in Marketing, Computer Information Systems and Quantitative Methods.