In today’s business world, managers often face complex situations, which require conceptualization and understanding of the decision making problems on hand. Hence, managers need to have an exposure and knowledge of various decision making tools and techniques along with the skill sets for selecting the right technique and applying them optimally to analyze and solve the problems. Most of these problems are accompanied with uncertainty, imprecision and conflicting requirements/environment. Therefore, the objectives of the course are as follows:

  • To make students conversant with different decision making situations and concepts.
  • To equip students with the quantitative tools and techniques applicable for analyzing managerial decision problems and arriving at appropriate solutions.
  • To enhance analytical skills essential for managers in today’s competitive business