CDAE 3660 A (CRN: 12269)
Cmty Dev & Apld Econ: Dec Making:Comm Entrepreneurs
3 Credit Hours—Seats Available!
Registration
About CDAE 3660 A
Quantitative decision-making methods and applications for community entrepreneurs. Major topics include linear programming, risk and uncertainty, inventory decisions, and e-commerce. Prerequisites: CDAE 2660, MATH 1212, and CALS 1850 or CALS 1020.
Notes
Prereqs enforced by the system: CDAE 2660 and MATH 1212 and CALS 1850 or CALS 1020 Open to Degree and PACE Students
Section Description
Effective decision-making is essential for promoting innovation, and utilizing data to guide choices provides a unique competitive edge in any business setting. This course aims to introduce modeling and computational techniques for making well-informed decisions, placing a strong focus on cultivating analytical abilities to critically assess models and convey insights for successful decision-making. By examining examples from various fields, we will investigate how to circumvent prevalent fallacies and misunderstandings when tackling quantitative issues. The initial portion of the course will address deterministic optimization, particularly linear programming, transforming problems into clear mathematical structures. The latter part of the course will delve into risk and uncertainty, integrating methods to define and enhance decisions amidst uncertainty. All applications will be conducted using Excel. It will be fascinating to observe how the critical analysis of these foundational concepts applies to an unexpectedly broad range of contexts!
Section Expectation
Active participation will be important for analysis of computations and models.
Evaluation
The course grade is based on attendance and participation, weekly quizzes on readings or in class activities to ensure concrete understanding of applications as they build, mid-term project and final exam.
Important Dates
Note: These dates may not be accurate for select courses during the Summer Session.
Courses may be cancelled due to low enrollment. Show your interest by enrolling.
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