EC 421 Quantitative Applications
Currently enrolled cadets can access up-to-date course materials at https://angel.vmi.edu
Quantitative decision models are an aid to decision makers in the functional business domains of finance, operations, and marketing. Several such modeling techniques are introduced in this course, including linear programming, nonlinear optimization, multi-objective decision making, decision trees, influence diagrams, simulation, and queuing models. Solution techniques using spreadsheets and add-in software are emphasized. Applications in other domains such as medicine and law are also examined.