APPLIED MATHEMATICS MODELING (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: Use fundamental concepts of decision analysis and game theory; Apply the formula of deterministic , probabilistic inventory model and queing system for economic and business problems; Analyze the simulation model and Markov Chains rule for operation research problems; Demonstrate of group project from operations research topic; Propose business plan and the showcased potential business project.

Topics:

1. Decision Analysis;
2. Creating Customer Profiles;
3. Game Theory;
4. Who are Our Next 10 Customers?;
5. Deterministic Inventory Models;
6. High Specifications in the Business;
7. Probabilistic Inventory Models;
8. Quantifying the Value Propositions in the Business;
9. Queuing System;
10. Simulation Modeling;
11. Where is Your Positions? (Chart Competitive Position);
12. Markov Chains;
13. Designing Business Model of the Business and Presentation.