What Will I Learn?
- Choose to apply the right Management Science Model and Technique
- Apply linear programming to solve common business problems
- Conduct a Breakeven Analysis
- Learn to make effective decisions using Management Science techniques
- Use linear programming: Maximizing diet options example
- Use linear programming to minimize transportations costs
View Curriculum
Requirements
- You should have an introductory knowledge of Microsoft Excel
Description
The stuff of management science can seem abstract, and students sometimes have trouble perceiving the usefulness of quantitative courses in general. Part of the problem is that the examples used in books often do not seem realistic.
Unfortunately, examples must be made simple to facilitate the learning process. Larger, more complex examples reflecting actual applications would be too complex to help the student learn the modeling technique. The modeling techniques in this course are, in fact, used extensively in the business world, and their use is increasing rapidly because of information technology.
The real objective of management science is to solve the decision-making problems that confront managers by developing mathematical models of those problems
For this course, the main goal is to demonstrate solutions to various problems that managers faceevery single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling – this course will provide you with a hands-on approach to dealing with management science models and techniques.
There is no mathematical programming in this course or learning complex formulas, as we will use Microsoft Excel as an aid to solving various common business scenarios that you encounter at the workplace.
The whole idea is to make these mathematical topics seem less complex and present them in a practical way to your benefit. Each
modeling technique is explained with straight forward examples followed by
hands-on tutorials.
Who is the target audience?
- This specialized course on Management Science Models and Techniques is designed for managers and students who wish to apply various Management Science Techniques to solve everyday common business problems without using complex formulas or programming. Introductory knowledge of Microsoft Excel is helpful.
- Anyone interested in enhancing existing skill set or acquiring new skill to solve common business related problems can take this course
This is the course description as seen on
Udemy.
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