Name: Decision Analysis
Availability: InStock

Course Overview

In a business environment, the main objective of gathering information is to harness it for decision making. By integrating data with statistical and probabilistic principles, you can make decisions that have a higher likelihood of yielding desired outcomes for your team and your organization as a whole.

In this course, you will develop skills in decision analysis. You will construct a decision tree, a process that also aids in determining the extent of effort required to collect information. In processes like these, some calculations may be carried out manually, while others can be streamlined with the use of spreadsheet software. You will be guided through both types of solutions, enabling you to select the right tool for each task in your future projects.

You are required to have completed the following courses or have equivalent experience before taking this course:

Data Analysis and Probability

Key Course Takeaways

Convert a series of decisions into a decision tree to map out probable outcomes
Evaluate the value of information that can be used to make choices in a business scenario
Create a decision strategy using the available information

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How It Works

Course Length

2 weeks

Effort

3 to 5 hours of study per week

Format

100% online, instructor-led

Course Author

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David Juran

Visiting Senior Lecturer

Cornell SC Johnson College of Business

Visiting Senior Lecturer, Johnson Graduate School of Management, Cornell SC Johnson College of Business

Dr. David C. Juran, who teaches courses in statistics for management and managing operations, is a winner of six teaching awards at Columbia Business School and at the Cornell Johnson Graduate School of Management, including the EMBA Globe Award for Teaching Excellence. Juran’s research has appeared in Management Science, Journal of Operations Management, and other journals. Juran’s academic interests are informed by extensive industrial and corporate experience at Pepperidge Farm, Spaulding Company, and Juran Institute, as well as his experience as an independent management consultant for organizations such as [x+1], Gordian Group, Johnson & Johnson, MarketBridge, MTV Networks, Opera Solutions, Veeco, and Carl Zeiss. Dr. Juran earned his Ph.D. at Cornell University’s Johnson Graduate School of Management, concentrating in the fields of operations management, operations research, and organizational behavior.

Who Should Enroll

Professionals looking to uncover insights from data
Students who are pre-MBA or considering earning an MBA
Analysts and researchers
Individuals interested in moving into an analyst role
Anyone seeking to leverage statistical or analytic skills

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Applied Statistics

“Completing a program from eCornell really has allowed me to think outside the box at work. It gave me the confidence I needed to take a seat at that table and say I am ready.”

Kasey M.

Tech & Engineering Student

“Call me crazy, but I’m back in school earning another certificate! Excited to be a part of a never ending learning process with eCornell.”

Melinda W.

Decision Analysis Student

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