Actuarial Notes

Data, Models, and Decisions: The Fundamentals of Management Science

By Dimitris Bertsimas and Robert Freund · Dynamic Ideas · 2004

Study guide: Exam CP-311

A management science textbook by Dimitris Bertsimas and Robert Freund, used in MIT Sloan's core MBA course of the same name. Its publisher describes it as teaching management science through real-world applications, using spreadsheets to model and solve problems and covering statistics, simulation, probabilistic modeling and optimization, with over thirty business cases and a capstone chapter on decision modeling in airlines, investment management and manufacturing.

On the syllabus

  • Exam CP-311 — Ch. 5 Simulation Modeling: Concepts and Practice; Ch. 7 Linear Optimization; Ch. 8 Nonlinear Optimization; Ch. 9 Discrete Optimization (each for outcomes 3a-3c).

1 Decision Analysis

2 Fundamentals of Discrete Probability

3 Continuous Probability Distributions and Their Applications

4 Statistical Sampling

5 Simulation Modeling: Concepts and Practice

6 Regression Models: Concepts and Practice

7 Linear Optimization

8 Nonlinear Optimization

9 Discrete Optimization

10 Integration in the Art of Decision Modeling

Appendix

References

Index

Sources