BMC5003



Decision Making Using The Information Age Technologies

This module provides for an appreciation of the basic tools of statistical and quantitative methods of business decision-making from the perspective of senior executives as requesters and users of such analyses. The emphasis is on problem-formulation and model building, providing conceptual input for?and evaluating the output of?the more detailed work carried out by decision-analysts. The module will also provide for familiarization with standard computer packages as tools for arriving at solutions to problems and as means for communicating analyses and decisions within and outside the organization.This is not a course in number-crunching. Focus is on understanding the concepts and how these can be gainfully applied. A bouquet of real-world applications will be offered.

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