Management Science Models and Techniques

Master management science techniques to solve real-world business problems with Excel, from profitability maximization to employee scheduling, through practical, straightforward examples.

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  • Curriculum
  • Instructor
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Brief Summary

This course helps you tackle everyday business problems using practical management science techniques. With Excel as your toolkit, you’ll learn to apply models to maximize profits, minimize costs, and gain a solid understanding of decision-making in the business world.

Key Points

  • Learn to solve real-world business problems using management science models.
  • Use Excel for practical, hands-on applications.
  • Focus on maximizing profits and optimizing costs.
  • Understanding right modeling techniques is key.
  • No complex math—just straightforward examples.

Learning Outcomes

  • Apply linear programming to solve business issues.
  • Conduct a breakeven analysis effectively.
  • Use management science models to improve decision-making.
  • Gain practical Excel skills for business applications.
  • Understand and utilize various optimization techniques.

About This Course

Learn how to logically solve real word business problems using management science models and techniques using Excel

The stuff of management science can seem abstract, and students sometimes have trouble perceiving the usefulness of quantitative courses in general. Part of the problem is that the examples used in books often do not seem realistic.

Unfortunately, examples must be made simple to facilitate the learning process. Larger, more complex examples reflecting actual applications would be too complex to help the student learn the modeling technique. The modeling techniques in this course are, in fact, used extensively in the business world, and their use is increasing rapidly because of information technology.

The real objective of management science is to solve the decision-making problems that confront managers by developing mathematical models of those problems

For this course, the main goal is to demonstrate solutions to various problems that managers face every single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling, this course will provide you with a hands-on approach to dealing with management science models and techniques.

There is no mathematical programming in this course or learning complex formulas, as we will use Microsoft Excel as an aid to solving various common business scenarios that you encounter at the workplace.

The whole idea is to make these mathematical topics seem less complex and present them in a practical way to your benefit. Each modeling technique is explained with straight forward examples followed by hands-on tutorials.

Thank you.

Syed and Team ClayDesk

  • Choose to apply the right Management Science Model and Technique

  • Apply linear programming to solve common business problems

  • Conduct a Breakeven Analysis

Course Curriculum

1 Lectures

1 Lectures

1 Lectures

1 Lectures

1 Lectures

Instructor

Profile photo of Syed Raza
Syed Raza

"You’re big on Udemy. Top 10% most engaging instructors BIG. Which means students can’t get enough of your courses. That kind of impact means you’re the reason students start new careers, get promotions, or try something new that brightens their day. Your success is well deserved" Frank Visciano - VP, Marketplace Content, The Udemy TeamHello, my name is Syed Raza...

Review
4.9 course rating
4K ratings
ui-avatar of Siti Nur Afiqah Binti Azlan
Siti N. A. B. A.
5.0
1 year ago

Yes, this course helps me a lot!

  • Helpful
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ui-avatar of Ahmad Anwar Musyaddad Bin Shamsul Bahar
Ahmad A. M. B. S. B.
5.0
1 year ago

Pretty good course! I would advice to add a couple of modules to make the course more in-depth. And background music is just annoying, as I've pointed out to a tutor personally.

Other than that, it comes recommended!

  • Helpful
  • Not helpful
ui-avatar of Ahmed
Ahmed
1.0
2 years ago

Annoying music.

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ui-avatar of Tracy Madore
Tracy M.
3.5
4 years ago

Easy to follow and concise. My only suggestion is the examples used from templates are Excel 2013 and I was unable to follow along as they are not available in Microsoft 365 versions.

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ui-avatar of Abdifatah Mohamed Ali
Abdifatah M. A.
4.0
7 years ago

yes it was better but the explaining the problem was not 100% understandable

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ui-avatar of Soorya Narayan K R
Soorya N. K. R.
5.0
7 years ago

Clearly explained in simple words.

  • Helpful
  • Not helpful
ui-avatar of Swapnil Khurana
Swapnil K.
5.0
7 years ago

Quite a good experience.

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ui-avatar of Andrei Cucleschin
Andrei C.
4.5
7 years ago

Pretty good course! I would advice to add a couple of modules to make the course more in-depth. And background music is just annoying, as I've pointed out to a tutor personally.

Other than that, it comes recommended!

  • Helpful
  • Not helpful
ui-avatar of Liam Lynch
Liam L.
3.5
7 years ago

so far so good

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  • Not helpful
ui-avatar of Rehtafeht Lihp
Rehtafeht L.
3.0
7 years ago

I am tempted to leave 4 stars because of the helpful quality of the content, but the audio quality is pretty low on the videos I have seen thus far. I know my macbook computer speakers are partly to blame, but its pretty quiet here in management science land. Lol. The lecture style is way easier to follow than my on the ground version of this class currently is. I am grateful for this course.

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