BUS 448 Strategic Decision Making Under Uncertainty
This course focuses on fundamentals of modern decision analysis and introduces modeling and computational methods that support strategic decision- making in areas, such as organizational management, business analysis, and policy-making. Contents are selected and integrated in a synergistic manner to help students develop modeling and computational, and analytical skills. As a result, students are able to transform a problem into a well-defined mathematical framework, solve models using a computer program, and interpret and translate subjective probability, and Bayesian analysis. The above knowledge areas and methods can facilitate strategic decision-making related to selecting among investment alternatives, marketing a new product, healthcare policy, and costs and benefits.