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B.S. in Actuarial Science

Otterbein University Course Catalogs

2010-2011 Graduate Catalog 
    
    Oct 15, 2019  
2010-2011 Graduate Catalog [Archived Catalog]

BADM 660 - Quantitative Methods for Business Decision-Making

Hours: 4
This multidisciplinary course combining business, mathematics, and computer science topics, builds on the concepts introduced in the business statistics prerequisite and introduces the basic concepts of model building and its role in rational decision-making. In this course, the student acquires knowledge of specific modeling techniques and their practical application, such as linear programming and simulation. The student will take an analytic view of decision-making by formalizing trade-offs, specifying constraints, providing for uncertainty and performing sensitivity analysis. Prerequisites Elementary Statistics (MATH 230).