Course in Business Decision Modelling

Indian Institute of Management Calcutta
In Kolkata

Price on request
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Important information

  • Course
  • Kolkata

Important information

Where and when

Starts Location
On request
INDIAN INSTITUTE OF MANAGEMENT CALCUTTA Diamond Harbour Road Joka, 700104, West Bengal, India
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Course programme

At IIM-C we firmly believe that information is power. In the years to come the need for increased sharing of information will govern the changes in organizational structure. A basic understanding of information systems is thus mandatory. We endeavor to ensure that you drive the e-commerce revolution. These courses not only equip you with software tools but also impart an understanding of the hardware which will help you set design your own database. It's time you started your own dotcom at IIMC.

Course Objective:

Increasing complexity and turbulence in business environment today necessitates decision makers to foresee the effects of interventions before they are implemented in real situations. Operationally this calls for a disciplined thinking process that involves visualization, abstraction, design of alternatives, to approach a decision making situation. Use of computer based models can help a decision maker immensely in all of these. The primary objective of this course is to enable the student to develop capability in generating insights via modelling in a wide range of realistic situations.
Course Content

In keeping with the objective the following aspects of business analysis will be covered:

a) Data visualization
b) Problem structuring
c) Solution generation
d) What-if Analysis and Scenario Generation

It is expected that on completion of this course students will be able to recognize the key problems in a situation, develop a structure for analyzing the problem, carry out a cogent analysis, and present the analysis and insights.

The class will be conducted in a laboratory format where students will solve problems with the assistance of the instructor. Spreadsheet will be used quite extensively throughout the course. Effective participation in class would require students to be familiar with use of Excel.

Quiz (20%)
Case Analysis (20%)
Final Examination (60%)
Sample References

a) Management Science: The Art of Modeling with Spreadsheets, Stephen G. Powell & Keneth R. Baker, Wiley Student Edition
b) Excel: Data Modeling and Business Analysis, Wayne L. Winston, Indian Edition, Prentice Hall India
c) Microsoft Excel 2003

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