Bulletin Year: 2021 - 2022 Undergraduate Bulletin | View the current NMU Catalog. | View this course in the current bulletin.
MGT 327 Random Models in Business 4 cr. Develops selected quantitative tools useful in operations management and managerial decision making. The focus of the course is probabilistic quantitative analysis of business systems. The course covers both development and application of selected MS/OR tools such as the decision theory, Markov chains, stochastic inventory problems, simulation, queuing theory, etc.