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Quantitative Analysis delivered a highly practical set of skills for
modeling and analyzing real life business scenarios. Proficiencies were
achieved in creating spreadsheet models and optimizing results using tools
such as Excel's Solver.
The course consisted of four parts:
Optimization: the formulation and solution of linear and non-linear
programming problems involving linear/non-linear objective functions and
Simulation: The stochastic modeling of random events to replicate real
world events and examine the results of various decision strategies.
Project Management: the design and coordination of activities within a
project so that the project is completed efficiently and on time.
Inventory Management: the ordering policies for an inventory system under
different assumptions of demand and supply. The inventory models include
Economic Order Quantity (EOQ)
Economic Production Quantity (EPQ)
Materials Requirements Planning (MRP)