Quantitative Decision Making (FUN118)

This is a practical course dealing with the mathematical models supporting decision making in various fields of social sciences and practical environment, i.e. management, economics, and politics. In particular, what-if analysis, forecasting, optimization and multi-criteria decision making are dealt in the course. Computer spreadsheets are used all over the course.Objectives of the course include:

• To develop structural and algorithmic mindset in dealing with operational issues;
• To develop necessary skills for problem formulation, setting goals and parameters of the problem, choosing relevant model, translating it into the spreadsheet, and justifying alternative solutions of the problem;
• To develop skills of data visualization;
• To develop skills of using computer spreadsheets.

• To be able to develop a mathematical model for relevant  problems in economics, finance, business and politics.
• To be able to select relevant methods for the analysis of mathematical models, to draw quantitatively justified conclusions and to choose the best alternative.
• To be able to analyze the mathematical model by means of the computer spreadsheet.
• To be able to visualize arrays of data by means of the computer spreadsheet.