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DA 519 Data and Systems Select Term:
Strategy may be designed as a portfolio of options via which executives create a bundle of paths that connect where they are now to a sustainable region that they desire to be in the future. The design involves in setting and solving a set of rule-based and probabilistic problems that include both slow and fast variables. For slow variables, the available data sets may be meager and rare, while for fast variables, the data might be frequent and fat. It is, therefore, expedient to integrate system dynamics models which casually connect and monitor the variables at hand to statistical techniques that estimate the necessary parameters that go along with the model. Innovation planning of a toy, start-up technology firm and assetliability management of a corporate will be investigated as case studies.
SU Credits : 3
ECTS Credit : 6
Prerequisite : -
Corequisite : -