Course objectives (competences): After completing the course and passing the exam, students should be able to: · use their own acquired skills and intuition for recognizing real problems in different business situations and to solve them properly; · create proper explicit models with embedded explicit purpose, and to use a variety of quantitative techniques for finding optimal/best solutions and perform sensitivity analysis; · be careful when choosing variables and using data from different sources; · recognize limitations about the values that might appear within the variables; · identify alternative decisions that have effect on the objective, and be familiar with the interaction between them, as well as to make better decisions, and · communicate ideas and work successfully in teams. |