This course builds on the foundations of data analysis and deterministic decision modeling set in COMM-162* and COMM-163*. The emphasis in this course is managerial decision making under uncertainty. Topics include stochastic inventory control, waiting-line models, computer simulation modeling, risk and decision analysis, and forecasting models. 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-161*, -162* and -163*.This course is restricted to students enrolled in the 3rd or 4th year of the Commerce Program.
