Course Description


MGT 327 Random Models in Business
4 cr.
Offered: Fall
Prerequisite: MGT 325.
Develops selected quantitative tools useful in operations management and managerial decision making. The focus of the course is probabilistic quantitative analysis of business systems. The course covers both development and application of selected MS/OR tools such as the decision theory, Markov chains, stochastic inventory problems, simulation, queuing theory, etc.