DBA 7310 Executive Decision-Making
Decision analysis is an integrated process for making difficult decisions under conditions of ambiguity and uncertainty. Quantitative analysis tools, particularly stochastic ones, are central to this process. This course helps students make sound decisions about strategic business issues where ambiguity and uncertainty are involved. They will understand how to use quantitative techniques such as decision trees and simulation to analyze data, subjectively assess probabilities where situations are ambiguous, and develop a sound decision-making framework to evaluate information effectively. This course covers both the quantitative tools and the management context within which the tools are used.