Consortium for International Studies | Evaluated Learning Experience
Quantitative Analysis BUS 301
Varies; self-study.
July 2022 - Present.
Upon successful completion of the course, students will be able to: describe how quantitative analysis aids the decision-making process; differentiate between modeling methods and techniques used to improve diverse business decisions; apply the importance of risk and how to address uncertainty in different business contexts; explain the different phases of problem formulation; compare the strengths and weaknesses of different quantitative methods and models; illustrate the difference between linear programming and integer linear programming; discuss the business case for effective project management, inventory management, and queuing systems; identify how probability theory is employed in decision-making; and develop solutions for management problems including linear programming,
This course examines a variety of quantitative analysis methods that help business managers make better decisions. Topics include decision analysis, simulation modeling, linear programming, and inventory management. The course is arranged on a 15-week schedule and includes research assignments along with a final exam.
In the upper division baccalaureate degree category, 3 semester hours in Quantitative Analysis, Operations Research, Decision Science, Management, or Business Administration (7/22).