3 semester credits

Using a theoretical approach, students in this seminar examine common concepts, principles, and methods used in managerial decision making, including revenue forecasting and cost prediction methods, break-even and cost-volume-profit analyses, performance variance analysis, relevant cost analysis, project valuation, expected rates of return, and discounted cash flow methods. They also explore opportunities for optimizing methods. Additionally, students examine applied research methods in the context of design and development of rational managerial decision-making systems.