Quantitative methods help us structure the way we think about managerial decision situations. This course introduces students to different quantitative methods, each of which structures or models managerial decisions differently and provides unique insights. The class will learn how to use these methods both to structure decisions and to gain insights into the decision.
As the course progresses, the class will learn how to build and analyze mathematical models of managerial situations. To be successful students need to be comfortable with the idea of using a mathematical model to gain insights into a problem. Individuals need to be willing to ―play around‖ with different ways to model a problem and different analytical approaches. All of this requires some maturity in using quantitative tools. Moreover, there will rarely be a straightforward ―cookbook‖ solution to a meaningful problem, and so students will have to have some tolerance for ambiguous situations, inadequate information, and ―messy‖ (that is, realistic) problems.