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ADMN 5002

This course provides an introduction to various tools employed by operational research and management science practitioners. The course begins with proper problem definition, and then advances into both deterministic and stochastic solution methodologies. Linear programming techniques are the focus of the deterministic tools studied. Methods in decision theory, forecasting, and inventory models are the focus of the stochastic tools. At the end of this course, students are expected to quantitatively model applied business problems, select an appropriate solution strategy, and employ that strategy successfully to obtain optimal results. Students are expected to apply business decision models to marketing, operations, finance, public sector, and strategy related problems.