Search results for: 'Quantitative methods'
Main Concepts about Quantitative Methods DO2-129-I-M
This is a series of videos that help students to understand the main concepts covered in the Quantitative Methods course. These videos are enhanced through the use of presentations and diagrams on an interactive whiteboard in order to simplify the understanding of the topics. The topics covered are the following:
- Introduction to Probability
- Conditional Probability and Bayes’ Theorem
- Random Variables
- The Normal Distribution
- Sampling & Confidence Intervals
- Hypothesis TestingAcademic Area:Operations & Supply Chain Management
Quantitative decision analysis MC021-021-I
This technical note introduces students to quantitative methods and modeling techniques to facilitate decision making. In order to learn how to apply scientific methods to help them choose the best possible strategy to reach their goal. Using an example, students are taught how to make a decision using expected values in order to transform non-controlled variables into a numeric value.
Various examples are given so that students can learn how to make decisions based on different levels of risk aversion.Academic Area:Operations & Supply Chain Management | Others