Mathematical Decision Sciences Major, B.S.

Department of Statistics and Operations Research

http://www.stat-or.unc.edu

318 Hanes Hall, CB# 3260

(919) 843-6024

Serhan Ziya, Director of Undergraduate Studies

ziya@email.unc.edu

Alison Kieber, Administrative Services Assistant

kieber@email.unc.edu

The major in mathematical decision sciences is an excellent program for students interested in actuarial science, operations research, probability, or statistics, as well as in fields such as business, economics, planning, psychology, and biomedicine where the decision and statistical sciences play an increasingly important role.

Department Programs

Major

Minor

Graduate Programs

Requirements 

In addition to the program requirements listed below, students must

  • attain a final cumulative GPA of at least 2.0
  • complete a minimum of 45 academic credit hours earned from UNC-Chapel Hill courses
  • take at least half of their major course requirements (courses and credit hours) at UNC-Chapel Hill
  • earn a minimum of 18 hours of C or better in the major core requirements (some majors require 21 hours).

For more information, please consult the degree requirements section of the catalog.

Core Requirements
MATH 547Linear Algebra for Applications3
STOR 415Introduction to Optimization3
STOR 435Introduction to Probability3
STOR 445Stochastic Modeling3
STOR 455Statistical Methods I3
Five courses from Group A and Group B, including at least three courses from Group A (see lists below)15
Additional Requirements
COMP 116Introduction to Scientific Programming (COMP 110 may be substituted)3
MATH 231Calculus of Functions of One Variable I3
MATH 232Calculus of Functions of One Variable II3
MATH 233Calculus of Functions of Several Variables H3
STOR 155
STOR 215
Introduction to Data Models and Inference
and Foundations of Decision Sciences
6
or MATH 381 Discrete Mathematics
Remaining General Education courses and electives to reach 123 hours.75
Total Hours123
H

Honors version available. An honors course fulfills the same requirements as the nonhonors version of that course. Enrollment and GPA restrictions may apply.

Group A

STOR 305Decision Making Using Spreadsheet Models3
STOR 465Simulation for Analytics3
STOR 471Long-Term Actuarial Models3
STOR 472Short Term Actuarial Models3
STOR 555Mathematical Statistics3
STOR 556Advanced Methods of Data Analysis3
STOR 565Machine Learning3

Group B

BIOS 511Introduction to Statistical Computing and Data Management4
BIOS 664Sample Survey Methodology4
BUSI 403Operations Management3
BUSI 408Corporate Finance3
BUSI 410Business Analytics3
BUSI 532Service Operations H3
BUSI 533Supply Chain Management H3
COMP 401Foundation of Programming H4
COMP 410Data Structures3
COMP 521Files and Databases3
ECON 410Intermediate Theory: Price and Distribution H3
ECON 420Intermediate Theory: Money, Income, and Employment H3
ECON 511Game Theory in Economics H3
INLS 523Introduction to Database Concepts and Applications3
MATH 383First Course in Differential Equations H3
MATH 521Advanced Calculus I H3
MATH 522Advanced Calculus II H3
MATH 523Functions of a Complex Variable with Applications3
MATH 524Elementary Differential Equations3
MATH 548Combinatorial Mathematics3
MATH 566Introduction to Numerical Analysis3
H

Honors version available. An honors course fulfills the same requirements as the nonhonors version of that course. Enrollment and GPA restrictions may apply.

Mathematical decision sciences majors must complete 123 academic hours. They also must attain at least a grade of C (not C-) in 18 hours of the courses listed under Core Requirements.

Sample Plan of Study

Sample Plans can be used as a guide to identify the courses required to complete the major and other requirements needed for degree completion within the expected 8 semesters. The actual degree plan may differ depending on the course of study selected (second major, minor, etc.). Students should meet with their academic advisor to create a degree plan that is specific and unique to their interests. The Sample Plans represented in this catalog are intended for first-year students entering UNC–Chapel Hill in the fall term. Some courses may not be offered every term.

In the first two years, students are required to complete the standard calculus sequence as well as introductory courses in statistics, operations research, and computer science. At the beginning of their third year, students take advanced courses in statistics, probability, and operations research. They have a great deal of flexibility in tailoring their program to meet their individual interests.

First and Second Years
COMP 116Introduction to Scientific Programming (COMP 110 may be substituted)3
MATH 231Calculus of Functions of One Variable I3
MATH 232Calculus of Functions of One Variable II3
MATH 233Calculus of Functions of Several Variables H3
STOR 155Introduction to Data Models and Inference 13
STOR 215Foundations of Decision Sciences 13
or MATH 381 Discrete Mathematics
Third and Fourth Years
MATH 547Linear Algebra for Applications3
STOR 415Introduction to Optimization3
STOR 435Introduction to Probability3
STOR 445Stochastic Modeling3
STOR 455Statistical Methods I3
Five courses from the following two groups of courses, including at least three from Group A 215
Total Hours48
H

Honors version available. An honors course fulfills the same requirements as the nonhonors version of that course. Enrollment and GPA restrictions may apply.

1

Prospective mathematical decision sciences majors are encouraged to take STOR 155, and STOR 215 or MATH 381 as early as possible in their college careers.  Each has a prerequisite of MATH 110 or its equivalent and may be taken before, or concurrently with, MATH 231.

2

Students wishing to prepare for an actuarial career should include STOR 471, STOR 472, STOR 555 and STOR 556 from Group A in their program and take ECON 410 and ECON 420 and BUSI 408 and BUSI 588 as electives.  Students who plan to attend graduate school in the mathematical decision sciences (e.g., in operations research or statistics) should include in their program COMP 401, STOR 555, STOR 565, and MATH 521.

Group A

STOR 305Decision Making Using Spreadsheet Models3
STOR 465Simulation for Analytics3
STOR 471Long-Term Actuarial Models3
STOR 472Short Term Actuarial Models3
STOR 555Mathematical Statistics3
STOR 556Advanced Methods of Data Analysis3
STOR 565Machine Learning3

Group B

BIOS 511Introduction to Statistical Computing and Data Management4
BIOS 664Sample Survey Methodology4
BUSI 403Operations Management3
BUSI 408Corporate Finance3
BUSI 410Business Analytics3
BUSI 532Service Operations H3
BUSI 533Supply Chain Management H3
COMP 401Foundation of Programming H4
COMP 410Data Structures3
COMP 521Files and Databases3
ECON 410Intermediate Theory: Price and Distribution H3
ECON 420Intermediate Theory: Money, Income, and Employment H3
ECON 511Game Theory in Economics H3
INLS 523Introduction to Database Concepts and Applications3
MATH 383First Course in Differential Equations H3
MATH 521Advanced Calculus I H3
MATH 522Advanced Calculus II H3
MATH 523Functions of a Complex Variable with Applications3
MATH 524Elementary Differential Equations3
MATH 548Combinatorial Mathematics3
MATH 566Introduction to Numerical Analysis3
H

Honors version available. An honors course fulfills the same requirements as the nonhonors version of that course. Enrollment and GPA restrictions may apply.

It is recommended that all mathematical decision sciences majors take ECON 101 as a social and behavioral sciences Approaches course. Students interested in the actuarial profession also should take BUSI 101 as a general elective.

Dual Bachelor’s–Master’s Degree Program

The Department of Statistics and Operations Research offers a dual bachelor’smaster’s degree program. Interested students should consult the program director.

Special Opportunities in Mathematical Decision Sciences

Honors in Mathematical Decision Sciences

Candidates for honors or highest honors must secure approval from the program director. They must take STOR 691H and STOR 692H, and maintain an overall grade point average of 3.3 and a grade point average in mathematical decision sciences courses of at least 3.3 at the end of the semester preceding the semester in which they graduate.

Departmental Involvement

The mathematical decision sciences program sponsors Carolina’s Actuarial Student Organization (CASO), for students interested in a career in the actuarial sciences. CASO organizes study groups for the actuarial exams, sponsors talks by professional actuaries, keeps members aware of employment opportunities, and maintains contact with alumni and corporations in the field.

Experiential Education

When arranged in advance with a supervising faculty member, STOR 493 can be used to earn credit for appropriate work experience in the summer or during the academic year. STOR 493 satisfies the experiential education requirement. Students interested in STOR 493 should secure approval from the program director before starting their work. STOR 496 can also be used to satisfy the experiential education requirement.

Undergraduate Awards

Two undergraduate awards for graduating seniors are given each year by the mathematical decision sciences program. One is the Mathematical Decision Sciences Award, given to the outstanding graduating senior, and the second is the W. Robert Mann Award, given for excellence in actuarial science. Plaques bearing the names of winners are located in the undergraduate study room in Hanes Hall.

Undergraduate Research

Undergraduate research under the direction of faculty members from the Department of Statistics and Operations Research is offered through the independent study and research course, STOR 496, and the senior honors thesis courses, STOR 691H and STOR 692H.