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MGT 356 Simulation and Risk Analysis

Course Description: Monte Carlo simulation is a versitile approach for modeling business uncertainty and managing risk. In this course, studnet will learn how to use Monte Carlo simulation to imporve decision making in a variety os business functions including strategy, operations, marketing, and finance. Students will use Microsoft Excel with VBA and a simulation software such as @RISK. Applications include risk analysis for a new product, investing, option pricing, inventory ordering decisions, customer lifetime value estimation, and yield managment. NYC Fall


3 credits


MGT 226 Minimum Grade of D or MGT 355 Minimum Grade of D and MAT 117 Minimum Grade of D or MAT 134 Minimum Grade of D or MAT 144 Minimum Grade of D or MAT 234 Minimum Grade of D