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Chapter 1 Introduction to Managerial Decision Modeling

Chapter 1 Introduction to Managerial Decision Modeling

Chapter 1 Introduction to Managerial Decision Modeling. Management Science - BMGT 555 Professor Ahmadi. Learning Objectives. Define decision model and describe its importance. Understand two types of decision models: deterministic and probabilistic models.

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497 views • 23 slides
Chapter 1

Chapter 1

DECISION MODELING OVERVIEW. Chapter 1. MGS 3100 Business Analysis. Why is this class worth taking? Knowledge of business analysis and MS Excel are core skills that can be applied to almost any job. What is this class about? Applying models in support of decision making within a business.

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299 views • 18 slides
Chapter 1: Introduction to Managerial Decision Modeling

Chapter 1: Introduction to Managerial Decision Modeling

Chapter 1: Introduction to Managerial Decision Modeling. Jason C. H. Chen, Ph.D. Professor of MIS School of Business Administration Gonzaga University Spokane, WA 99223 chen@jepson.gonzaga.edu. What is Decision Modeling?. A scientific approach to managerial decision making

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349 views • 16 slides
Decision Modeling: Foundation for Process Reengineering

Decision Modeling: Foundation for Process Reengineering

Decision Modeling: Foundation for Process Reengineering. Gemini Consulting June 1998. Objectives. To define Decision Modeling and provide the context of how it is different from traditional process modeling To provide a step-by-step approach for building decision models.

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276 views • 16 slides
Decision Modeling: Foundation for Process Reengineering

Decision Modeling: Foundation for Process Reengineering

Decision Modeling: Foundation for Process Reengineering. Gemini Consulting June 1998. Objectives. To define Decision Modeling and provide the context of how it is different from traditional process modeling To provide a step-by-step approach for building decision models.

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267 views • 16 slides
Decision Modeling

Decision Modeling

Decision Modeling. Introduction to Modeling. Modeling in Decision-Making. Quantitative approach Put numbers on inputs Determine (assume) mathematical relationship between decisions and outcomes Put numbers on decisions and outcomes Commonly uses spreadsheets Known interface

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312 views • 7 slides

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