Full course description
This course deals with a toolbox from econometrics and applied operations research. Particularly, the following quantitative methods are extensively discussed:
- Regression analysis
- Time series
- Linear programming
- Integer linear programming
- Multiobjective optimization
Besides, students learn how to read manuscripts on the level of current scientific standards, and give presentations using the advanced quantitative reasoning in managerial decision making.
Knowledge of crucial theoretical tools for analysing the data and managerial decision making. Ability to translate a verbal fuzzy description of a business problem into the mathematical model.
Moderate mathematical and statistical skills and ability to understand quantitative models and concepts.
An advanced level of English.
- J.E. Hanke and D.W. Wichern, Business forecasting, International Edition, Pearson Education.
- C.T. Ragsdale, Managerial Decision Modeling, Thomson South-Western.
- Research papers.