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

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.

Additional courses that focus on this area:

• B8899-002 - Pricing and revenue optimization
• 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
• 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