Data, Models, and Decisions

A decision tree diagram.

This course uses tools such as decision trees to draw conclusions from data. (Figure by MIT OpenCourseWare, adapted from the Data, Models, and Decisions textbook.)


MIT Course Number


As Taught In

Fall 2007



Translated Versions


Cite This Course

Course Features

Course Description

This course is designed to introduce first-year MBA students to the fundamental quantitative techniques of using data to make informed management decisions. In particular, the course focuses on various ways of modeling, or thinking structurally about, decision problems in order to enhance decision-making skills. Topics include decision analysis, probability, random variables, statistical estimation, regression, simulation, linear optimization, as well as nonlinear and discrete optimization. Management cases are used extensively to illustrate the practical use of modeling tools to improve the management practice.

Other OCW Versions

Archived versions: Question_avt logo

Gamarnik, David, Robert Freund, and Andreas Schulz. 15.060 Data, Models, and Decisions, Fall 2007. (MIT OpenCourseWare: Massachusetts Institute of Technology), (Accessed). License: Creative Commons BY-NC-SA

For more information about using these materials and the Creative Commons license, see our Terms of Use.