# Course Description:BUSADMIN 7110 Management Decision Analysis

 Course Number: BUSADMIN 7110 Course Name: Management Decision Analysis Course Description: A presentation of theory and applications of quantitative decision methods used in the business setting. Topics include decision theory, linear programming, PERT/CPM, forecasting and inventory control. Prerequisites: A statistics course or consent of the instructor. Level: Graduate Credits: 3 Format: Online Semesters Offered: Spring 2013: NOSummer 2013: NOFall 2013: YESSpring 2014: NO Summer 2014: NO Fall 2014: YES Registration Instructions

Learning Outcomes

This course is designed to

• Introduce you to the common quantitative decision-making tools used in business.
• Provide you with an opportunity to develop the skills necessary to use the quantitative models of management decision analysis.
• Expose you to current literature and research in the field of management decision analysis.

SPECIFIC COURSE OBJECTIVES:
Upon completion of this course, you will be able to

• Identify and analyze the problem.
• Choose the appropriate model to analyze the problem.
• Apply the model to the problem.
• Interpret the results in a meaningful way, so as to aid in the decision making process.
• Write an article review using proper APA (or MLA) formatting.

Unit Descriptions

Unit 1: Introduction to Decision Models

After completing the readings and activities in this unit, you should be able to
• Construct a model that can be used in a business decision.
• Know and use the basic principles of probability theory.
• Examine how decisions are made under conditions of certainty, uncertainty, and risk.

Unit 2: Linear Programming and Its Applications

After completing the readings and activities in this unit, you should be able to
• Formulate, solve, and interpret linear programming problems to achieve an optimal solution to a business problem.
• Evaluate typical problems in your own business setting using linear programming techniques.
• Formulate and solve linear programming problems using spreadsheets (i.e. - MS Excel).
• Apply linear programming techniques to specialized applications.

Unit 3: Decision Applications

After completing the readings and activities in this unit, you should be able to
• Demonstrate how cost reduction and efficiencies can be gained using network flow diagrams.
• Determine critical activities and costs in a project using CPM /PERT techniques.
• Decide how many waiting lines are appropriate while considering the cost of each additional waiting line using queuing theory.
• Select the appropriate forecasting technique for various business situations.
• Select the appropriate inventory control models for dependent and independent demand.

Number of Exams

There are 3 exams for this course.

Number of Assignments

There are 13 reading and problem assignments, 3 article reviews and a case study project for this course.

Number of Projects

There are 3 group projects for this course.

Activities:
Class icebreaker:   10 points
Homework Problems (2 points each):   100 points
Article Reviews (3 @ 15 points each):   45 points
Collaborative Activities (3 @ 15 points each):   45 points
Exams (3 @ 100 points each):   300 points
Term Project:   100 points
TOTAL POINTS:   600

A:  90% or more of total points
B:  80% - 89% of total points
C:  70% - 79% of total points
D:  60% - 69% of total points
F:  Less than 60% of total points