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Computer Based Decision Modeling
International University of Japan Business often involves dealing with data and realities. Both are then used strategically to make business decisions. This course is about how to formulate the business problems involving data, taking into consideration the realities, and how to solve such business problems using latest computer tools. The course introduces data handling and modeling techniques for finance, marketing, resource allocation, operational, and various other managerial problems including some involving uncertainty in numbers. The course will make full use of computer tools (Excel, CrystalBall and Macros) that integrates the knowledge and implementation skills to solve such managerial problems. This is a core course required to be taken by all MBA first year students. If the space permits E-Business Management and International Relations Master Program students are allowed to take. Course oveview: The course is targeted to students looking for careers as consultants, general managers, financial analysts, government analysts, strategic planners, and operational managers. The course is basically covered as two sections. In the first section, after a review of modeling and decision analysis, the computer techniques used for manipulating data for decision making purposes are introduced using tools available in Excel. In second section, the major aim is to learn various mathematical modeling techniques involving management decision making where a practitioner use the models to achieve best results under the assumed circumstances. The companies and organizations traditionally had relied on real assets such as factories, sales outlets, branch offices, workers, and the cash flows as the main components of their business. The emergence of computers has added a new asset to this traditional business model. While computers and other networking hardware have become part of the real assets, an intangible asset, which is the data and information, has created a very challenging environment for the executive hierarchy to manage. Today, with the spread of globalization, managing IT assets, creating value, and controlling risks while inventing IT strategies and policies are as challenging as the very survival for many companies, organizations, and governments. Prerequisite: It is assumed that students who take this course have familiarity with Windows environment on a PC and have basic mathematical and Excel skills. The main areas of the course include:
Teaching Method: The classes include lecture and lab sessions. Students are required to use the PC for data manipulation, modeling, and solving managerial problems. Texts: The main material used for the class include:
Unsolicited comments form past students who had taken this course:
If you want to contact Professor Rajasekera, his e-mail address is: jrr@iuj.ac.jp To sign-up for the course, send e-mail to: ofcgsim@iuj.ac.jp Updated on 9/7/2006 |
