ECON 7770:Operations Research in Business Intelligence

3 Class Hours 0 Laboratory Hours 3 Credit Hours
Prerequisite: ECON 8010 or ECON 7710
This course focuses on the application of operations research techniques to decision making when solving business problems from a managerial perspective. Specifically, this course will focus on the scientific process of transforming data into insight for making better decisions and in doing so develops both your quantitative as well as critical thinking and model building skills. Applications in different business areas will be presented, such as production, planning, finance, scheduling, transportation, resource allocation, and distribution. This will be achieved by the study of a variety of advanced analytical methods such as Network optimization, Nonlinear programming, Goal programming, Queueing Analysis, and Monte Carlo Simulation. Excel spreadsheets are used extensively to accomplish formulating and solving mathematical models and apply other quantitative techniques. As this course requires extensive use of MS Excel and Excel add-ins such as analytical solver, crystal ball, palisade (optional) and other specialty excel macros, basic proficiency in the software is thereby required.

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