Objectives

To raise students' awareness of the potential benefits of a structured, analytical approach to management problems. The emphasis of this course will be on the practical application of various methods rather than on theoretical aspects.

Contents

Allocation of resources (linear and non-linear programming; multiple objectives); decision-making under uncertainty (decision trees and the value of information, simulation); queueing problems (theory and simulation).

Software: Excel, Solver, Precision tree, @risk and Extend.

References

Albright and Winston, Management Science Modelling, sixth edition. Note: a tailored made version of the e-book has been created for the course (including several chapters not available in the print version not the standard e-book), available via the Comité HEC.

Term project

- Type of project : Without individual project
- Maximum number of projects admitted for this course : 0
- Deadline for applying to course professor for project : N/A
- Deadline for submitting finished project : N/A
- Method of evaluation (including resit options) : N/A
- Other information :-

Evaluation

First attempt

Exam:

Written 2,5 hours

Documentation:

Not allowed

Calculator:

Allowed with restrictions

Evaluation:

100 % of the grade based on the exam

[ Scientific calculator according to HEC directive ]

Retake

Exam:

Written 2.5 hours

Documentation:

Not allowed

Calculator:

Allowed with restrictions

Evaluation:

100 % of the grade based on the exam

[ Scientific calculator according to HEC directive ]