GCO4802

Computer models for business decisions

(IT)

6 points + First semester + Distance

Synopsis: Decision making: under certainty, under risk, under uncertainty. Decision Trees. Bayesian Theory. Project Management. Financial Modelling. Forecasting: Regression analysis, Adaptive forecasting. Inventory Control: Economic Order Quantity, Economic Production Quantity, Service level. Each topic is illustrated with a computer program for use on a personal computer.

Assessment: Assignment: 30% + Examination (2 hours): 70%