MGSC - Management Science

This course covers mathematical procedures for business problems and applications; set theory; functions; graphics of functions; permutations and combinations; probability distributions; linear equations; solutions by matrices; computer and/or simplex solutions to linear programming models; and the mathematics of finance.

This course covers concepts in applied calculus. We will explore functions and linear models, derivatives, techniques of differentiation, logarithm functions, the integral, functions of several variables, and trigonometric models. The main goal of this course is to make calculus relevant and interesting to the business student applying real data/cases with interesting examples and exercises.

Students learn about and use data in decision making. This course emphasizes practical business applications; graphic and tabular summarization; measures of central tendency and dispersion; sampling distributions and estimation of important statistical parameters; hypothesis testing; analysis of variance; non-parametric methods; and single and multiple regression analysis. Excel is used to solve large scale case problems.

This course covers the development and utilization of quantitative models for business decisions (linear programming, decision theory, PERT/CPM, queuing theory, simulation, forecasting and inventory control). Business problems are analyzed and solved using the aforementioned methods.