A key element of this course structure is that the first course is a strict prerequisite to the second course in advanced decision methods. DSP II, taught at the MIB-Paris later in the spring, which introduces multi-attribute utility, both theory and practice, and leads the students to synthesize MAUA and cost analysis into a complete dynamic strategic plan. Further analytical methods, based upon real options theory, also compose a part of the second course in this sequence.
The Casablanca-Ecole Hassania des Travaux Publics course will be conducted by Frank Field of the Massachusetts Institute of Technology; the second course (in Paris) will be conducted by Richard de Neufville and Joel Clark of the Massachusetts Institute of Technology.
A complete set of course materials will be supplied electronically, constituting all the textual material necessary for both parts of the two-course sequence. Further, we also recommend that the students have access to Applied Systems Analysis: Engineering Planning and Technology Management by Richard de Neufville. Please note that, as this book is presently out of print, the author has allowed us to prepare electronic reproductions of the appropriate chapters, which are accessible to all students in the class. We suggest that the students have reviewed (but not necessarily studied in detail) Chapters 13-19, with the expectation that the course will cover this material in greater detail.
As a course in methods, there will be substantial reliance upon computer tools, particularly spreadsheets. Please plan on using available computer facilities, and bring a laptop if you have one available -- particularly for the case study. Furthermore, there will be exercises assigned before the first class session which will be due either electronically to the instructors or on the first day of class. Thus, access to and ability to use WWW browsers will also be a requirement.
The course schedule is being significantly revamped this year, to increase the emphasis of the first course upon demonstration of analytical abilities necessary to complete the second half of the course. However, the first half of the course also stands alone as a course in methods.
The accompanying schedule outlines our plans for coverage of the course material. A more specific schedule, with detailed course coverage, will be provided the first day of class.
Please note that this page will be undergoing revision;
please revisit as necessary!
(Last modifiedJan 14 2001 at 12:27:12 PM)
Draft Course Schedule -- Order Of Material To Be Covered
Subject to Revision
|Pre Assignment 1||Basic
|Pre Assignment 2||Cost
Modeling Data collection and preparation
|Assignment||Completion of Cost Model Preparation - Generation of Cost/Volume Plots|
Completed pre-assignment - basic business concept & data in hand
End of class:
Groupings finalized; COSTSKEL populated; analysis started
TREE_98.XLS linked to your COSTSKEL.XLS
Make sure that the macros run correctly
|Case Progress||Primed to begin scenario analyses and examine decision tree results|
|Assignment||Preparation of Final Presentation|
|Case Progress||Basic Analyses Completed; Presentation Structure Finalized; Final Analytical Tasks Identified|
|Assignment||Preparation of a 5 page Strategy Memo outlining suggested business deployment strategies|
|+1 week||Written report on Cost Structure of Proposed Business Risks, Opportunities, Possible Business Developments Cost Analyses and discussion of potential|
Other materials that may be of interest/help
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