LibGuides: Business: MSL 6620: Decision Making Methods

Introduction

Welcome to MBA 6620: Decision Making Methods

This course develops competence and judgmental skills in using quantitative models for planning and decision-making. Emphasis is placed on recognizing situations where models can be used advantageously, when to work effectively with them, and how to make good use of them once they have been developed. Topics include, decision making under conditions of uncertainty, decision and risk analysis, forecasting, linear programming, modeling applications in marketing, manufacturing, finance and scheduling, and project management methods.

Required Texts

These search terms may be helpful as you look further into this topic:

Business decision making
Decision support system
Decision theory
Risk

Before You Decide: 3 Steps To Better Decision Making
We all make thousands of decisions each day. How can you optimize your decision making by restructuring the steps you take before you decide? Our firm utilizes immersive team-based simulations that mimic the decisions they make in the real world to train corporate leaders around the world to better prepare them for the challenges ahead. We get to work with some of the most innovative companies on the planet and get to witness first hand what truly effective decision making looks like in action. We have distilled our findings into a three step method you can use no matter the decision you face. Matthew Confer is the Vice President of Strategy at Abilitie, a Leadership Development company based in Austin Texas. In the past three years alone, Abilitie has delivered leadership training to over 20,000 corporate professionals in more than 30 countries
Decision Analysis - Chapter 03 - Quantitative Analysis for Management
Videos for the book "Quantitative Analysis for Management (13th Edition)"
by Barry Render, Ralph M. Stair Jr., Michael E. Hanna, Trevor S. Hale
Introduces Probability and Statistics in a very simple way.
Credits to the authors.
Decision Analysis is discussed here.
Quantitative Analysis
The collection and evaluation of measurable and verifiable financial data to understand the behavior and performance of a business
Quantitative Analysis for Business Decision-Making
Using your knowledge of your product, industry and employee capabilities, you can make many beneficial business decisions. If you wear multiple management hats or work with a small team of key employees, however, you might need more objective data and information to help guide your decision-making. Knowing how to implement and analyze your operating methods using quantitative data will help you take the guesswork out of some of your business processes.