| Description |
Management science is an approach to decision making that is suitable in areas where the manager has little experience or where the problem for decision is complex. It provides an effective decision-making approach to problems important enough to justify the time and effort of quantitative analysis. This unit considers modelling in areas that practising managers might encounter in their roles as decision makers. The intended outcome of the unit is to increase the effectiveness of management decision making. The focus throughout is on practical solutions using readily available spreadsheet software. Topics may include resource allocation, capacity planning, logistics, and project planning. |