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.