Decision Analysis school training courses in Austin, TX (public, in-house or online)

This course explores decision-making from the perspective of managers who must decide how to allocate scarce resources under uncertainty. Combining qualitative and quantitative information is emphasized. Topics include framing decision problems, establishing evaluation criteria, determining trade-offs, constructing decision trees, estimating probabilities and risk, and taking responsibility for consequences. The roles of judgment, intuition and heuristics in decision-making are also explored. St...

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Simulation is one of the most widely used methodologies for modeling and analyzing complex systems and processes. In recent years its use in business applications has increased dramatically due to available and easy-to-use software on increasingly powerful personal computers. Students learn how to design, build, use, and analyze simulation models of business systems and processes using widely available simulation software. The business systems and processes that the class studies are supply chai...

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This capstone course integrates the principles and concepts of hospitality operations management. Upon completion of this course, students will be able to prepare a service delivery model, conduct financial analyses, and develop sales and marketing strategies within a hospitality organization.
Topics and Objectives
Hospitality Strategic Operations
Examine the role of strategic management in the hospitality industry.
Analyze the integration of lodging; events and recreation; food an...

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Making business decisions is your most important function as a leader - and your riskiest. Every leader is expected to make strategically sound decisions, but decisions are more than judgment calls based on experience and domain-specific knowledge. Leaders are made or broken by the quality of their decisions. Surprisingly, many of us approach decision making in a way that neither puts enough options on the table nor permits sufficient evaluation to ensure that we can make the best choice. Strate...

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