May 28, 2024  
Fall 2017 Catalog and Handbook 
    
Fall 2017 Catalog and Handbook [ARCHIVED CATALOG]

BUS 670 - Quantitative Decision-Making (3 Credits)

Prerequisite: One undergraduate course in Statistics and one undergraduate course in Computer Applications.
This course will apply mathematical and statistical techniques to issues related to the production of goods and services, with the goal of ensuring that business operations are efficient in terms of using as few resources as needed and are effective in terms of meeting customer requirements. Managing the process that converts inputs, in the forms of materials, labor and energy, into outputs, in the form of goods and services, is predicated on decision-making of all kinds. Areas of investigation and implementation include: process identification and design, statistical process controls, linear programming, transportation/shipment optimization, queuing optimization, forecasting, and scheduling.