Core Course Descriptions

Undergraduate Core Course Descriptions

BUAD-310: Applied Business Statistics
This course will
help you to both realize what you have probably been doing statistically,
subconsciously, and teach you new ways to analyze data in order to come up with
inferences and decisions. The course uses real data to explain the methods we
will be learning that will help us make more informed decisions. The course will
cover graphs, sampling, distributions, hypothesis testing, and regression. These
topics will give you the tools needed for making judgments about aspects of a
population based on sample data. Examples will be used from many different
sources to illustrate these topics. You will be expected to utilize the class
concepts in frequent homework assignments. The last couple topics of the course,
especially, will require some usage of a statistical software package called
Minitab. This package will be discussed at the beginning of the course and you
will learn relevant commands as they are used. By the end of this course, you
should feel comfortable with these topics (and Minitab) and be able to carry out
multiple types of analyses relevant to both everyday life and to more complex
problems found in the business world and many other disciplines.

BUAD-311: Operations Management
How do organizations such
as financial institutions, health care, and manufacturing meet customer needs
and stay consistent with their goals and values? How do organizations make
trade-off decisions with respect to quality, cost, and time? Operations
Management provides tools and methods to optimally answer these questions in a
global business world.

Operations managers are primarily concerned with the design, procurement,
production, and delivery of goods and services. They are responsible for the
systematic planning, designing, operating, controlling and improving the various
procurement, production, storage, and shipping processes involved from the time
the product or service is designed till customer delivery occurs. The challenge
for operations managers is to produce goods and services and deliver them in an
efficient manner and in accordance with the business strategy of their company.
Typically, this involves balancing the needs for satisfying customer demand,
on-time delivery, lower costs, and higher quality.

In this course you will learn the fundamentals of Operations Management,
enhance your managerial insight and intuition, and improve your business
decisions. This will be accomplished through: (i) understanding of the business
environment and the structure of important operational problems; (ii) analysis
of the relevant principles, issues, and trade-offs; and (iii) working knowledge
of relevant methodological tools, solution procedures, and guidelines.

BUAD-425: Data Analysis for Decision Making
The course
will meld concepts connected with information technology, statistics, operations
management and decision theory with applications from other business disciplines
such as Finance, Management, Marketing, Operations and Real Estate with the goal
of teaching students how to use data to make decisions, do predictive modeling
and analyze the models built. This class is an integrative class that integrates
many of the concepts learned in core classes.

This course is about how companies apply new technologies and existing
statistical framework to empower their employees, and manage a customer-centric
business model. Besides learning the strategic role played by Business
Intelligence tools and Analytical tools in an enterprise, you will also get a
close-up look at decisions made by working on cases and gaining hands-on
experience using software tools. Students taking this class will get an overview
of the analytical tools and decision making from a managerial perspective.

In summary, managers need to understand the strategic values of their
company’s assets and how to leverage those assets and opportunities using
Business Analytic Tools.