Apr 30, 2024  
2019-2020 Undergraduate/Graduate Catalog 
    
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2019-2020 Undergraduate/Graduate Catalog [ARCHIVED CATALOG]

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MGM 350 - Introduction to Mathematical Modeling in Business (3 cr.)

This course is an introduction to the principles and practice of Operations Research. In particular, the course focuses on mathematical programming and optimization techniques, which develop and use mathematical models to solve complex business problems and support managerial decision making. The course will cover basic deterministic methods of operations research (linear programming, network flows, integer programming, transportation, assignment, and transshipment problems, project management (CPM/PERT), data envelopment analysis (DEA), multicriteria decision models) and their applications to resource allocation problems in business. The emphasis is on mathematical formulation of real world business problems, interpretation of computer solutions, and sensitivity analysis of optimal solutions.
Liberal Arts
Prerequisite(s): ECO 260 , MAT 221 , MIS 275 , MGM 280 .
Semester(s) Offered: Fall, Spring


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