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.
Prerequisite - COMM 162 and COMM 163
This course is restricted to students enrolled in the 3rd or 4th year of the Commerce Program.