What is Decision Sciences?
Decision sciences is the application of quantitative methods to business decision making using the techniques of statistics and operations management. Mathematical models, supplemented with company or government data, are used to provide solutions to workplace problems. Decision sciences, also known as quantitative business analysis or quantitative methods and modeling, overlaps with programs in business intelligence, mathematics, management science, and operations research. Decision sciences methods include data analysis, forecasting, quality and Six Sigma, optimization, project management, data mining, and supply chain management.
The Business School is the only school in Colorado (public or private) that offers a MS degree or dual MS/MBA degree in Decision Sciences. We are accredited by AACSB International, the premier accrediting body of business schools worldwide. The MS degree is a 30 semester hour, 10-course program that appeals to students with practical or educational experience in business seeking to refine or redirect their career with a graduate degree in Decision Sciences.
University of Colorado Denver Business School uses Simio simulation software under a grant from Simio LLC (www.simio.com).
Number crunching, a staple for decades in the quantifiable domains of engineering and finance, has spread in recent years into marketing and sales. Companies can now model and optimize operations, and can calculate the return on investment (ROI) on everything from corporate jets to Super Bowl ads. These successes have lead to the next math project: the worker."
Data Mining Moves to Human Resources