Binary option payoff chart me and I might remember. But involve me and I will understand.
Computer-assisted learning is to convey a vast amount of information in a very short period of time. It is a powerful method of reinforcing concepts and topics first introduced to you through your textbook, and discussion in the classroom. Computer-assessed learning enables you in a powerful way to comprehend complex concepts. Enter a word or phrase in the dialogue box, e. However, this basic knowledge may not be sufficient to enable the learner to carry out successfully the on-the-job tasks that require more than basic knowledge.
The appearance of management science software is one of the most important events in decision making process. MS software systems are used to construct examples, to understand the existing concepts, and to discover useful managerial concepts. On the other hand, new developments in decision making process often motivate developments of new solution algorithms and revision of the existing software systems. The major change in learning this course over the last few years is to have less emphasis on strategic solution algorithms and more on the modeling process, applications, and use of software. This trend will continue as more students with diverse backgrounds seek MBA degrees without too much theory and mathematics. It does not have an excess of mathematics nor too much of software orientation. Personal computers, spreadsheets, professional decision making packages and other information technologies are now ubiquitous in management.
Most management decision-making now involves some form of computer output. Moreover, we need caveats to question our thinking and show why we must learn by instrument. In this course, the instrument is your computer software package. Learning Objects: My teaching style deprecates the ‘plug the numbers into the software and let the magic box work it out’ approach. Computer-assisted learning is similar to the experiential model of learning. The adherents of experiential learning are fairly adamant about how we learn.
Learning seldom takes place by rote. Learning occurs because we immerse ourselves in a situation in which we are forced to perform. You get feedback from the computer output and then adjust your thinking-process if needed. Unfortunately, most classroom courses are not learning systems. Before using the software, you will be asked to do a simple problem by hand without the aid of software.
Then use the software to see in what format the software provides the solution. We also use the software as a learning tool. To solving larger problems which are hard to do by hand. What is critical and challenges for you is to lean the new technology, mainly the use of software within a reasonable portion of your time. The learning curve of the software we will be using is very sharp. We need caveats to question our thinking and show why we must learn-to by instrument that in this course is your computer package. Every student taking courses in Physics and Chemistry does experimentation in the labs to have a good feeling of the topics in these fields of study.
You must also perform experimentation to understand the Management Science concepts. For example, you must use your computer packages to perform the “what if” analysis. You will be engaged in thinking process of building models rather than how to use the software to model some specific problems. Software is a tool, it cannot substitute for your the thinking process. We will not put too much focus on the software at the expense of leaning the concepts. We will lean step-by-step problem formulation, and managerial interpretation of the software output. Managerial Interpretations: The decision problem is stated by the decision maker often in some non-technical terms.
When you think over the problem, and finding out what module of the software to use, you will use the software to get the solution. The strategic solution should also be presented to the decision maker in the same style of language which is understandable by the decision maker. Therefore, just do not give me the printout of the software. Computer Package: WinQSB Learn by Doing: We will use WinQSB package as a computer-assisted learning tool to gain a good “hands-on” experience on concepts and techniques used in this course. These labs experimentation will enhance your understanding of the technical concepts covered in this course. Quantitative Systems for Business Plus, Prentice Hall, 1994.
This course uses a professional software called WinQSB, available at: WinQSB Software. Open the CD-ROM files, and save this file to the folder created in step 1. Follow the prompts and extract the files to the WinQSB folder that you created in step 1. WinQSB folder that you created in step 1. If you have no access to any computer outside, you may use the university computer network. To reach the system you need an NT account. After obtaining your username and a password then you can access the NT system.