Decision and Risk Analysis
Decision and risk analysis is concerned with the use of models to support business decisions in such areas as logistics, operations, marketing, portfolio optimization and security pricing. Students specializing in decision and risk analysis develop the expertise to implement models in spreadsheets or special-purpose software and the flexibility to work with a range of quantitative tools. The analytical training developed through the coursework provides an excellent background for a career in consulting. Students may orient their studies toward one of the functional areas of business, such as operations, finance or marketing.
Students interested in focusing on decision and risk analysis should take five courses in addition to the core, one of these being B8834 Decision models II, with at least three other classes drawn from the following list:
B8832 - Applied multivariate statistics
B8835 - Security pricing: models and computation
B8815 - Supply chain management
B8899-001 - Applied regression analysis
B9801-003 - Risk management
Additional courses that focus on this area:
B8833 - Negotiations and decision making
B8899-002 - Pricing and revenue optimization
B8811 - Service operations management
Operations Management
Operations management is concerned with the actual production and delivery of products and services. Operations managers are directly responsible for designing, running and improving the systems and processes that are used to meet demands for goods and services. The operations management area of study is designed to prepare students for general management, operations management and consulting careers. An approach integrating operations, marketing distribution and financial planning provides the leverage needed to match global competition in a rapidly changing technological environment.
Management of operations offers great challenges and opportunities within a variety of fields, including financial services, media and communications, retail, health care, manufacturing, management consulting, transportation and the public sector.
It is recommended that students interested in this area take five courses in addition to the core with two of the five selected from the following:
B8811 - Service operations management
B8815 - Supply chain management
B8820 - Quality management
B8827 - Technology management
B8899-002 - Pricing and revenue optimization
B9811-018 - Operations strategy
B9877-001 - Master Class: Operations consulting
Additional courses that focus on this area:
B6833 - Information technology and operations strategy
B8704 - Technology strategy
B8711 - Turnaround management
B8834 - Decision models II
B8899-001 - Applied regression analysis
B9801-003 - Risk management
B9811-014 - Healthcare industry in the 21st century
B9877-002 - Master Class: Retailing strategy and operations
