CMB 8040 - Decision Making for Bus Appl

Institution:

Villanova University

Subject:

Description:

Description: The object of this course is to empower students to identify, model, and solve practical business problems. Students will learn to understand the development, application, interpretation, and implementation of computer-based decision support models. The course consists of an introduction and two modules. The introduction discusses the role of technology in supporting value-based decision-making for organizations and provides an overview of the modeling approaches used. The two modules are decision analysis and simulation. The decision analysis module includes a review of classical decision analysis including utility theory and decision trees, and a detailed discussion of the analytic hierarchy process. The simulation module studies the analysis of complex systems when relationships are probabilistic. Process redesign and analysis of the simulation output will also be studied. 2.00credit(s) Prerequisites: Graduate Business level CMB 8030 Minimum Grade of C and Graduate Business level CMB 8035 Minimum Grade of C

Credits:

2.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.villanova.edu

Phone Number:

(610) 519-4500

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

The Course Profile information is provided and updated by third parties including the respective institutions. While the institutions are able to update their information at any time, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.