3.1 Learning Outcomes:
Find some structured ways of dealing with complex managerial decision problems.
Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
Demonstrate the tools for deciding when and which decision models to use for specific problems.
Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
3.2 Action Required:
Watch the short video in the following link:
3.3 Test your Knowledge (Question):
Explain the Modelers’ Roles in the Problem-Solving Process
List the Six Stages of Problem-Solving Process.
3.4 Instructions
Answer both questions in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week 3: Interactive learning Discussion)
