The application of quantitative methods to decision making. Emphasis is placed on decision theory, program evaluation review technique (PERT), critical path method (CPM), inventory theory and modeling, linear programming and related topics, and forecasting. Students must enroll in both the course and the laboratory concurrently. Prerequisite: STAT 185 or STAT 225 or PSYC 202. Pre- or corequisite: MGMT 230. Fall and Spring.