Analyzing Business Problems
| ← Financial Crisis | Discussion about Samsung, Ford Motors & McDonalds → |
BUSN625 Applied Decision Making
The primary focus of our time together in this graduate level course will be on analyzing business problems and applying the most appropriate method or technique to solve, resolve or mitigate the effects of the problem. We will investigate the most successful analysis methods used from business statistics, production and operations management, management science, and research fields of study. Analysis of case studies and group projects will be essential activities throughout the course. You will be required to synthesize material from several major fields of study, apply it in within the course, develop solutions to the problems and then present your solutions to decision makers. It is important to note that as mathematics is a foundation of the course, a solid understanding of basic mathematical principles will be essential to your success within the course. Due to the amount and depth of information covered in a relatively short amount of time (8 weeks), you will find that each week will contain required reading, assignments, and required discussions to ensure that, by the end of the course, you have a solid understanding of the material and are both confident and competent in applying the techniques and methods that we have investigated.
|
Course Scope |
This course provides a basic introduction to business statistics and decision models/optimization, focusing on practical applications of data analysis and decision modeling. It will provide the fundamental understanding of why to use a procedure, how to use it correctly, and how to properly interpret results.
This Business Administration course delivered via distance learning will enable students to complete academic work in a flexible manner, completely online. Course materials and access to an online learning management system will be made available to each student.
|
Course Objectives |
Course Objectives:
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making
processes
LO-2 Utilize statistical inference to draw relevant conclusions from data
LO-3 Apply regression analysis to inform business decision-making
LO-4 Discriminate among qualitative (judgmental) and quantitative forecasting models that are appropriate
to discrete managerial needs
LO-5 Apply risk analysis to anticipate possible business outcomes
LO-6 Integrate statistical reports with managerial thinking to resolve uncertainty and achieve business
util
|
Course Materials |
- Evans, James R., Statistics, Data Analysis, and Decision Modeling, Fourth Edition, ISBN-13:978-0-13-606600-2 (comes with CD-ROM)
- Lecture Notes
- PowerPoint Presentations of Chapters
- Online Research Library
|
Course Outline |
|
Week
|
Topic(s)
|
Learning Objective(s) |
Reading(s)
|
|
1 |
STATISTICS AND DATA ANLYSIS
Data and Business Decision; Displaying and Summarizing Data
|
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 1 and 2
|
|
2 |
Probability Distributions and Applications; Sample and Estimation
|
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 3 and 4 Read: Case Study-Probability Analysis for Quality Measurements, page 117-118 |
|
3 |
Hypothesis Testing and Statistical Inference; Regression Analysis |
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data LO-3 Apply regression analysis to inform business decision-making
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 5 and 6 Review: Case Study-Probability Analysis for Quality Measurements, page 117-118 |
|
4 |
Forecasting; Statistical Quality Control |
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-4 Discriminate among qualitative (judgmental) and quantitative forecasting models that are appropriate to discrete managerial needs
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 7 and 8 |
|
5 |
DECISION MODELING AND ANALYSIS Building and Using Decision Models; Risk Analysis and Monte Carlo Simulation |
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data LO-4 Discriminate among qualitative (judgmental) and quantitative forecasting models that are appropriate to discrete managerial needs
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 9 and 10
Read: Case Study – An Inventory Management Decision Model, page 327-328 |
|
6 |
Decisions, Uncertainty, and Risk; Queues and Process Simulation Modeling
|
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data LO-4 Discriminate among qualitative (judgmental) and quantitative forecasting models that are appropriate to discrete managerial needs LO-5 Apply risk analysis to anticipate possible business outcomes LO-6 Integrate statistical reports with managerial thinking to resolve uncertainty and achieve business utility
|
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 11 and 12
|
|
7 |
Linear Optimization; Integer and Nonlinear Optimization |
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data LO-3 Apply regression analysis to inform business decision-making LO-6 Integrate statistical reports with managerial thinking to resolve uncertainty and achieve business utility |
Read: Statistics, Data Analysis, and Decision Modeling, Chapters 13 and 14
Review: Case Study – An Inventory Management Decision Model, page 327-328
|
|
8 |
Course Review and Final Exam
|
LO-1 Identify the types of data and appropriate methods that are specific to managerial decision making processes LO-2 Utilize statistical inference to draw relevant conclusions from data LO-3 Apply regression analysis to inform business decision-making LO-4 Discriminate among qualitative (judgmental) and quantitative forecasting models that are appropriate to discrete managerial needs LO-5 Apply risk analysis to anticipate possible business outcomes LO-6 Integrate statistical reports with managerial thinking to resolve uncertainty and achieve business utility
|
Review all course material in preparation for the Final
|
- Discussion about Samsung, Ford Motors & McDonalds
- Business Challenges and Competition
- Financial Crisis
- The Cheesecake Factory
|
Stephanie K.
Stowe, VT
|
|
|
Dear Sirs: Just a quick note to let you know that I appreciate your working on my paper so quickly. I did get it in time to turn it in for the deadline, even though I hadn’t given you much notice. I made a very good grade on it and was much relieved. Thanks again. You rock. |
||
|
Gaia W.
Lexington, OK
|
|
|
EssaysEmpire.com gets an A+ for being the best writing service a student could ever ask for! Thank you for your continued high quality work, guys. I have purchased 6 papers from you over the last two years and they have been exquisite in their workmanship and content. I really appreciate how hard you guys work to please your customers. I’m not surprised that you are reported to be the best writing company online or off. To me, you are exactly that. |
||
|
Maddie P.
Seattle, WA
|
|
|
The EssaysEmpire.com website is so great! There are no mysteries to be solved. They give you the full layout about what they have to offer and how much it costs. No surprises. I had a couple of questions about the different options and their customer service rep was so friendly! She answered all my questions. I ordered my first paper and it was so well written that I got an A+ on it! Thank you, EssaysEmpire.com! |
||
|
Della M.
Belfast, IR
|
|
|
I had to turn on my laptop for the express purpose of writing to you. I had to let you know what lifesavers you people are! I had never even considered hiring a professional writer to help me and was almost resigned to dropping out of school altogether. Then, I thought about it, and asked myself what it would hurt to try EssaysEmpire.com for just one paper. That paper was written astonishingly well! From that one paper, I learned many of the things that I did not know about writing. It was perfect, so I learned all about formatting in the APA style. I learned a lot, so I want to thank you for that. |
||
|
Alexandra Z.
Dallas, TX
|
|
|
I am sitting here reading over what your writing service offers and I just realized that you are the only one that offers free rewrites and full guarantees on your work. This tells me that you are an honest company that I want to do business with. |
||
|
Steve C.
Marion, NE
|
|
|
Thank you so much! I was assigned a paper that I found impossible to write. I did the reading. I did the research. However, regardless of my weak attempts, I could not formulate a cogent paper. I needed help, and EssaysEmpire.com’s writers were there for me. Customer service even arranged for me to speak with the person who was working on my paper personally. I had a lot of concerns, because my professor was very picky. However, EssaysEmpire.com was able to handle the order with no problem |
||
|
Melissa C.
Rochester, NY
|
|
|
I am completely satisfied with the paper I purchased from your company. I only wish I had known about you last year when I took an F grade for not being able to complete a paper on time. The work you did was marvelous. Whenever I find myself falling behind in my school work, I will be sure to pass along some of my more difficult written assignments to you |
||
|
Hannah B.
Tulsa, OK
|
|
|
I am happy. I am happy because I got an A+ on my research paper. I did this by hiring the professional writers at EssaysEmpire.com to write it for me. It was everything I had hoped it would be. Thanks, EssaysEmpire.com! |
||
|
Joyce T.
New Orleans, LA
|
|
|
I was trying to choose between EssaysEmpire.com and another online writing service and I didn’t know which one to pick. Then, I began to read reviews. I didn’t read even one thing negative about EssaysEmpire.com, and the other site was fraught with complaints. I went with EssaysEmpire.com, and it turned out that all the good things I had read about the service were true. My paper was fully guaranteed, but it was A-1 quality. The customer service people were great. The prices were right. Now, I am a devoted fan. When I need help with my writing, I go straight to EssaysEmpire.com! |
||
|
Ohjasi O.
Tokyo, JP
|
|
|
The essay that your writers turned out for me far exceeded what I was expecting. It even came with a plagiarism report to prove that it was original. The customer service center was the picture of perfection, too. I loved everything about using EssaysEmpire.com and plan to use your services again. You are one class act! |
||
|
Steve P.
Portland, OR
|
|
|
I am beginning to understand why your writing service was recommended to me so highly. Everything you do is a cut above your competition. You’re really great! |
||
|
Celeste H.
San Francisco, CA
|
|
|
EssaysEmpire.com always gives me a plagiarism report to prove that the work they wrote for me is authentic. I appreciate this. It helps eliminate worry. |
||
|
Allen P.
Denver, CO
|
|
|
Writer #3827 is a great writer! I got an A+ on my very first paper of the term. This is the way to set the pace for the rest of the term. Thanks! |
||
|
Ramona R.
Sparks, NV
|
|
|
Thank you for doing such stellar work on my paper. How anyone could write a paper this well on a subject this boring, is beyond me. When I tried to write it myself, I thought it would have put my professor to sleep! Your writers made it sound so interesting! I really appreciate that. Thanks a million! |
||
|
George Sparlin
Nashville, TN
|
|
| You guys are fabulous to offer such amazing guarantees for your work. I hired you for my last two papers because there was no risk involved. That was a pretty attractive option, if you ask me. Of course, I didnРІР‚в„ўt have to cash in on any kind of guarantee, because the work was perfect! Go figure. Thank you, EssaysEmpire.com. | ||
|
Bryce F.
Capistrano, CA
|
|
|
Thanks for the excellent job that you guys did on my history assignment and my bio research paper. I never could have done this on my own. |
||
|
Beverly S.
Cambridge, MA
|
|
|
I appreciate the help your wring service gave me with my biology paper. I have never cared much for biology. It is a tough subject for me to grasp. This is why I needed so much help with my paper. The writer absolutely understood the whole topic and turned out work that would have made anyone proud. Thanks a million for the great paper. |
||
|
Louise O.
Oakland, CA.
|
|
|
The A+ that I got on the paper that I ordered from you, helped boost my grade up an entire letter grade! Thanks, EssaysEmpire.com! |
||
|
Doreen A.
Malibu, CA
|
|
|
Due to a family emergency, I was unable to complete a very important paper. Thanks to EssaysEmpire.com, I was able to hand in a well written paper and not sacrifice my grade. I will be forever grateful to your writing service for providing such outstanding work. Thank you so much. |
||
|
Cleo C.
Wichita, KS
|
|
|
To the writers at EssaysEmpire.com: Next week, I will be graduating with a degree in clinical psychology. Over the course of my college years, I have had to turn to you for help many times. Each and every time, you produced some of the highest quality writing my professors had ever seen. Because of you, I was able to keep a high grade point average and get into an excellent grad school. There are simply no words adequate enough to fully express my appreciation, so I’ll simply say, “thank you” and let it go at that. Please know that you are appreciated. |
||