Welcome Packet

Welcome Letter

December 22, 2006

Subject: Quantitative Methods for Management Decisions, MA 6600

Dear Students,

Welcome to Quantitative Methods for Management Decisions. This course explores the use of applied quantitative tools for managerial decision making. These tools include Bayesian decision theory, programming algorithms and special deterministic models, such as queuing models. Students will utilize computer applications to analyze data and to assist in the decision making process. The prerequisites for this course are BU 5300 or equivalent and computer proficiency. We hope that this course will help you to become a more effective manager.

I should tell you a little bit about my background. In my first computer job, back in 1991, I worked for $100 a week answering phones for a former Wang Laboratories employee who was building a new business around his training as a Certified Netware Engineer. That job was supposed to help me pay my way through school to become a Civil Engineer. Instead it launched me down a whole new path, and I have spent my professional career as an information technology integrator and an entrepreneur.

In my academic life I have studied engineering, education, business, and information technology. I have a B.S. in Workforce Education and Development from Southern Illinois University in Carbondale, a B.S. in Civil Engineering from the South Dakota School of Mines and Technology, an M.S. in Technology for Education and Training from the University of South Dakota and, most recently, an M.B.A. from National American University. I am currently enrolled in a Ph.D. program at the School of Mines.

Professionally I have collected a number of industry certifications, mostly from Microsoft. These include Microsoft Certified Systems Engineer, Microsoft Certified Trainer, Microsoft Office Specialist Expert, Microsoft Office Specialist Master Instructor, and Microsoft Certified Systems Administrator. I have managed teams that worked on Internet technologies, database development, applications development, applications deployment, and network design.

From 1994 until 1999 I was a Yeoman in the U.S. Navy, and was in charge of many of the administrative functions of an F/A-18 squadron. While managing correspondence, personnel records, financial reports, operational reports, and classified materials during our three deployments around the Mediterranean Sea and the Arabian Gulf, I developed an intimate understanding of many technological challenges that are now common issues for even the smallest businesses, such as information security, portability, connectivity, and interoperability.

I have also, at various times, worked in research laboratories and studied engineering public policy. I spent the summer of 2001 in Washington, D.C. on an internship funded by the National Science Foundation to study the public policy issues surrounding the proposal to convert the Homestake Mine into an underground laboratory. From 2002 until 2003 I was the Information Technologies Division Manager for a global technical services firm that does research for many U.S. and foreign government agencies and corporations. I spent much of 2003 and 2004 as a laboratory assistant in the Friction Stir Welding Laboratory of the Advanced Materials Processing Center at the School of Mines. In 2005 I was hired by the State of South Dakota to help develop an index for High Performance Campuses.

As a trainer, I have had exciting opportunities to work with all kinds of organizations to help them understand how to use technology to improve their workflow and expand their capabilities. A few of the organizations that I’ve done consulting and training for that you might recognize include: RESPEC Inc, U.S. Navy, U.S. Air Force, Microsoft, Navajo Nation, IMC Global, Regal Computer, Hills Products Group, South Dakota School of Mines, and Rushmore Borglum Story Museum.

My current interests run in the direction of the impact that information technology has on business and society. I am writing a book with the working title of Era of Convergence. I speak regularly to groups of all sizes about the evolution of information technology, how it is impacting global business, and how to use it effectively. And I work as a consultant, often managing technology deployments and company startups. I have my own company called “Real South Dakota,” and I am starting a U.S. office for another technical services company called “Denhi.”

As for my personal life, many of you have already had the pleasure of meeting my lovely wife, Ruth, who is also a student in the M.B.A. program. We’ve been married about two and a half years, and we share our home with two dogs and a cat.

I believe that managers need to understand and be able to explain the analytical basis for the decisions they make. My goal for this course is to prepare you to be a better manager by helping you improve your analytical skills.

Our first class will meet on Wednesday, January 3rd. We will meet for 11 weeks. That means we will meet for two hours per night (from 7:30 to 9:20 pm). I will post a syllabus for this class on the Internet at www.danielstanton.com/MA6600, and I’ll use this site for posting assignments and other useful links.

You will find the syllabus attached. Please read it and complete the assignments for Week 1 before our first class. If you have any questions about these materials, please send me an email or ask them during the first class.


Sincerely,

Daniel Stanton


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MA 6600 GENERAL COURSE INFORMATION

1. Schedule:

  • We will meet on Wednesday evenings from 7:30 to 9:20, starting January 3rd. The class will run for 11 weeks.

2. Instructor:

  • Daniel Stanton. I work from home and travel frequently. If you need to see me, I recommend you make an appointment. I am usually easiest to reach by email.

3. Contact Information:

  • Phone: 605-721-6273. I have voice mail if I am not able to answer your call. Please don’t call before 8:00 AM or after 10:00 PM.
  • Address: 727 South Street, Rapid City, SD 57701
  • E-mail: daniel@danielstanton.com. Remember that e-mail is not totally reliable. If you use e-mail to submit a document to me it is your responsibility to confirm that I received it.
  • I do not carry a cell phone.

4. Teaching Strategies:

There is plenty of material to cover. I won’t make it more painful by asking trick questions. This is largely a discussion course, a seminar. It will work the best and be the most fun if the students do more than half of the talking and the instructor does less than half. The discussions of business situations take priority. Some of the assignments may involve team efforts to research a topic and make a presentation to the class.

5. Grading Approach.

There will be no tests, but there will be weekly quizzes. I use a points system. It is based on how much work that you do. Written papers and exercises are opportunities for you to earn points. Class participation is an opportunity to earn points. Doing an extra credit assignment is an opportunity to earn points. Your grade for this class will be based on the number of points that you earn, as a percentage of the total points for the class. The grading scale is:

90.0 – 100% A
80.0 – 89.9% B
70.0 – 79.9% C
65.0 – 69.9% D
< 65.0% F

Usually, people who earn the top grades do all of the reading and homework, come to class regularly, participate actively in class discussions, and write good papers. Usually, people who earn lower grades have one or more of the following characteristics: they do not do all the reading or homework, they do not come to class regularly, they do not actively participate in class discussions, or they do not complete the research papers. For assignments that involve team efforts to research a topic and make a presentation to the class, each member of the team will receive the same grade.

6. NAU Policy on Cheating and Plagiarism

The purpose of writing assignments is to help you learn to be a better writer. Consequently, if you plagiarize, you are defeating the fundamental purpose of the assignment, and you are cheating your fellow classmates who are actually doing the work. I do read everything that you turn in. I can usually tell whether you wrote it or took it from a published source.

The Internet is a wonderful source of papers that have already been written by other people. Wikipedia, in particular, is a rich source of content on a variety of topics. However, if you use someone else’s words instead of writing your own, you are cheating yourself and your classmates.

The NAU policy for instances of cheating is a two-step process. (1) The first time you are caught, you earn a zero for that assignment. (2) The second time you are caught, you earn an “F” for the course, you are turned over to the NAU administration, and they may kick you out of school.

Don’t get desperate if you don’t know the answer to something. It is okay to get a wrong answer once in a while. It is okay to not know the answer once in a while.

7. Campus Closure Due to Weather.

National American University has a campus closure line. Rapid City area employees and students can call to find out if the Rapid City campus, Ellsworth Air Force Base campus, Central Administration or the Center for Innovation have been closed due to weather. Local radio and television stations will also be notified of closures. The number to call is 721-5399.

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MA 6600 MASTER SYLLABUS

MA 6600 - Methods for Management Decisions - 4.5 quarter credits

Course Description:
This course explores the use of applied quantitative tools for managerial decision making. These tools include Bayesian decision theory, programming algorithms and special deterministic models, such as queuing models. Students will utilize computer applications to analyze data and to assist in the decision making process.

Objectives of the Course:
Upon successful completion of this course, the student will be able to:

1. Observe the role of probability in an uncertain environment.
2. Understand how uncertainty affects decision making.
3. Determine how imperfect and perfect information can be added to a decision making process.
4. Evaluate sample information.
5. The art of formulating linear programming problems.
6. Gain an understanding of methods for solving simple and complex programming problems.
7. Learning the economic implications of programming solutions.
8. Developing solutions to transportation decisions.
9. Develop ability to analyze business environments involving queues.
10. Explore managerial situations which involve optimization over time.

Additional Instructional Materials:
Please refer to the course learning plans for required readings.

Instructional Materials:
None

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MA 6600 WINTER 2007 COURSE SYLLABUS

Course Outline

Week 1: Introduction to Quantitative Methodss
Week 2: Computational Modeling and Analysis Tools
Week 3: Probability and Statistics
Week 4: Decision Theory
Week 5: Decision Trees
Week 6: Forecasting
Week 7: Inventory Control Models
Week 8: Linear Programming
Week 9: Project Management
Week 10: Queuing Theory
Week 11: Summary

Written Assignments

Each week you will be asked to turn in assignments. Some of them, such as the Biographies, will require you to do research and write papers, while others will involve analyzing problems and using spreadsheets to solve them.

I will be posting a website at www.danielstanton.com/MA6600. This site will contain information for this course, and will allow you to download copies of many of the handouts that you’ll receive in class. One of the things that I will post on the site is an Assignment Tracker to help you keep track of what is due each week during the term. Assignments, quiz grades, and your classroom participation, will be the basis for your grade. Therefore, you should have a pretty good idea of how you are doing at all times.

Quizzes

We will have a short quiz worth 10 points at the beginning of each class. You will know in advance what the quiz will cover, so if you are prepared the quiz is an easy way to earn points. The quizzes will focus on material from prerequisite courses. The intent is to encourage you to brush up on old material before you come to class. That will make it easier for us to spend our time together covering new material, and putting the old stuff together in new ways.

Biographies

You will write a biography for each of ten people. Each biography should be at least 200 words, or about one full double-spaced page, and will be worth 10 points. You do not need to apply APA format to these biographies, nor do you need to attach a cover page, but you will lose points for errors in spelling and grammar. Please feel free to use Wikipedia as a starting point for your research, but be careful of relying on it as your only resource. Here are some questions that may help you generate ideas while you are writing:

  • When and where did this person live?
  • Have you heard of them before and, if so, where?
  • What was their most important contribution to mathematics and quantitative analysis?
  • What is something about your world which was made possible by their work?
  • How have you used their work in your own life?

Assignments for Our First Class

  • Write a biography for Thomas Bayes.
  • Write a paper with a minimum of 200 words telling me why you want to have an MBA, how you think it will help you, and how you expect this class to fit into your plan.
  • Our quiz will ask you to write definitions and give examples of quantitative analysis and qualitative analysis.

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