This course builds on the foundations of data analysis and decision modeling set in COMM 162* and COMM 163*. The emphasis in this course is advanced managerial decision making under uncertainty. Topics include stochastic inventory control, waiting-line models, computer simulation modeling, risk and decision analysis, forecasting models, revenue management, and dynamic pricing. Computer spreadsheets will be used extensively, and a particular focus will be the interpretation and communication of model results from the viewpoint of decision makers.
Requirements: This course is restricted to students enrolled in the 2nd, 3rd or 4th year of the Commerce Program.
Prerequisites: COMM 162 and COMM 163