Learning Goal: I’m working on a management discussion question and need an explanation and answer to help me learn.
Find some structured ways of dealing with complex managerial decision problems.
Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
Demonstrate the tools for deciding when and which decision models to use for specific problems.
Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
Watch the short video in the following link:
1- Test your Knowledge (Question):
A- What is Modeling? Write the different types of models.
B- List the five Benefits of Business Models.
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