Chapters refer to the required course textbook:
Bertsimas, Dimitris, and Robert M. Freund. Data, Models, and Decisions: The Fundamentals of Management Science. Southwestern College Publishing, 2000. ISBN: 097591460X.
| LEC # | TOPICS | READINGS |
|---|---|---|
| 1 | Introduction | Begin reading Chapter 1. |
| 2 | Decision Analysis I - Kendall Crab and Lobster Case | Read Chapter 1 and, if possible, Chapter 2.1-2.3. Read Kendall Crab and Lobster Case. |
| 3 | Laws of Probability | Read Chapter 2.1-2.3. |
| 4 | Decision Analysis II - Graphic Corp. Case | Read the Graphic Corp. Case at the end of Chapter 2. |
| 5 | Value | |
| 6 | Discrete Probability | Read Chapter 2.4-2.8. |
| 7 | Binomial Distribution | |
| 8 | Portfolio Risk Management | Read Chapter 2.9-2.11 and 2.13. |
| 9 | Normal Distribution | Read Chapter 3.4-3.8. |
| 10 | Central Limit Theorem | |
| 11 | Sampling and Sample Means | Read Chapter 4.1-4.3 and 4.7. |
| 12 | Simulation | Read Chapter 5. (It May be Useful to Re-read Chapter 4.1-4.2.) |
| 13 | Gentle Lentil Case | Read the Gentle Lentil Restaurant Case at the end of Chapter 5. |
| 14 | Estimation and Mis-estimation | |
| 15 | Ontario Gateway Case | Read the Ontario Gateway Case at the end of Chapter 5. |
| 16 | Regression I | Read Chapter 6.1-6.7. |
| 17 | Regression II | Read Chapter 4.4-4.5 and Chapter 6.8-6.10. Read the two regression cases entitled “Predicting Heating Oil Consumption at OILPLUS” and “Executive Compensation” at the end of Chapter 6. |
| 18 | Regression III | Read “The Construction Department at Croq’Pain” at the end of Chapter 6. |
| 19 | Communication Exercise | Additional reading to be handed out. |
| 20 | Summary | |
| 21 | Final Exam |
