Ch 1: Quantitative Decision Making & Risk Analysis Lesson Plans

About This Chapter

The Quantitative Decision Making and Risk Analysis chapter of this Quantitative Analysis Syllabus Resource and Lesson Plans course is designed to help you plan and teach lessons on the various models and uses of quantitative decision making and risk analysis in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Quantitative Decision Making and Risk Analysis chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

Day Topics Key Terms and Concepts Covered
Monday Management science/operations research; strategic management The decision making approach of management science and operations research; four strategic management planning steps, including strategy formulation, strategy evaluation, environmental scanning and strategy implementation
Tuesday Organizational and management decision making Seven decision making steps; explanation of uncertainty, certainty and risk
Wednesday Quantitative approaches; decision making models Purpose, methods and benefits of quantitative approaches to decision making for organization and managers; definition of decision making models, such as deterministic, iconic, probabilistic/stochastic, analog and mathematical
Thursday Decision making tools and models Decision making for profit, cost and revenue; use of tools, such as simulations, decision trees and payback analysis
Friday Risk management and analysis Role of risk analysis in the management process; comparison of risk management and risk analysis

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the Quantitative Analysis Syllabus Resource & Lesson Plans course