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Mba 641 - Quantitative Analysis For Management Decisions

This 3 credit course provides students with concepts of quantitative analysis and decision making using techniques like linear programming, queuing, inventory management, and simulation models. The course objectives are for students to understand the significance and models of operations research and how to make rational decisions based on quantitative evidence. The course covers topics like linear programming, transportation models, networking, project management, game theory, decision theory, and inventory models. Students will be assessed through online participation, assignments, a term paper, and final exam.

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1K views

Mba 641 - Quantitative Analysis For Management Decisions

This 3 credit course provides students with concepts of quantitative analysis and decision making using techniques like linear programming, queuing, inventory management, and simulation models. The course objectives are for students to understand the significance and models of operations research and how to make rational decisions based on quantitative evidence. The course covers topics like linear programming, transportation models, networking, project management, game theory, decision theory, and inventory models. Students will be assessed through online participation, assignments, a term paper, and final exam.

Uploaded by

Dejen Tagelew
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MBA 641: QUANTITATIVE ANALYSIS FOR MANAGEMENT DECISIONS

Credit Hours: 3
Pre-requisite: Under graduate strong background in Statistics, Math and or bridging courses in this
Program.
Course Description:
This course aims at providing students with concepts of decision making using decision criteria,
linear programming, queuing, inventory management, and simulations models.
Course objectives:

By the end of this course, students will be able to:


✔ In order to know significance of quantitative analysis in managerial decision making
✔ Understand the different models of Operation Research
✔ Appreciate the application of OR model in solving different quantitative problem.
✔ To make rational decisions based on quantitative evidence
Course Contents
Unit-One: Linear Programming/LPP
1.1 Formulation of LPP
1.2 Graphical method for two variables
1.3 Solution: BFS. Optimal, degenerate, non degenerate solutions
1.4 Simplex method
1.5 Big ‘m’ method
Unit-Two: Some Advanced Topics in LPP
2.1 Degeneracy and cycling in LPP
2.2 Primal and dual LPP
Unit-Three: Transportation Model
3.1 Formulation
3.2 Method of finding BFS
3.3 North-West corner method
3.4 Matrix minima method
3.5 Vogel’s approximation method
3.6 Towards optimality Modi method
3.7 Loops
3.8 Unbalanced TPP
3.9 Maximization TPP
3.10: Assignment Model
1. Formulation
2. Hungarian algorithm
3 . Unbalanced AP
4 . Traveling sales man problem

Unit-4: Networking and project management

1. Networking
2. Scheduling
3. project management

Unit 5: Game Theory


5.1. Introduction
5.2. Two persons Zero-Sum Game
5.3. Pure Strategies: Game with Saddle Point
5.4. Mixed Strategies: Game without Saddle Point
5.5. The Rule of Dominance
Unit 6: Decision theory
6.1. Introduction
6.2. What is a decision?
6.3. Steps in decision theory approach
6.4. Decision making under certainty (DMUC)
6.5. Decision making under risk (DMUR)
6.6. Decision making under uncertainty
6.7. Criterion of optimism
6.8. Criterion of pessimism
6.9. Criterion of regret
6.10. Equal probability criterion
6.11. Decision making under conflict and competition
6.12. Hurwicz criterion (criterion of realism)
6.13. Decision trees
Unit-7: Inventory Models
7.1 Purchasing model without shortage
7.2 Purchasing model with shortage
7.3 Manufacturing model without shortage
7.4 Manufacturing model with shortage
Unit-8: Simulation
8.1 Definition merits and demerits

Masters of Business Administration (MBA) Program: YIED

8.2 Random numbers


8.3 Pseudo random numbers
8.4 Application of simulation
8.4.1. Monto Carlo method
8.4.2. Distribution function method

MODE OF TEACHING-LEARNING PROCESES


A combination of the following major methods of delivery will be used for each course of the MBA
Program:
Online lectures,
work sheet exercises,
Online Class discussion,
Demonstration, Case studies,
Virtual team discussion and Problem Based Learning.
Supported with delivery of recorded video-lecture to the students.

Assessment Scheme:

 Online reflection and participation (individual or virtual group)…………...10


 Individual and virtual group assignments…………………………………..20
 Term paper …………………………………………………………………20
 Online Final Exam…………………………………………………………...50
Text Book
● Stevenson, W.J. (2008). Introduction to Management Science. USA: Richard Irwin

Reference Books
1. Ragsdale C (2008). Managerial Decision Modeling. Revised Edition. UK: Southwestern
Publishers.

2. Efraim, T., Ramesh, S., &Dersun,D., (2012). Decision Support and Business Intelligence
system. 4th ed., Pearson.
3. Anderson, D.,et al. (2011) Introduction to Management Science Quantitative
approaches to decision making, 13th Edition, South Western Publishers.
4. Veerachamy, R. & Kumar, VR. (2010). Operations Research. New Delhi: IK International
Publishers.
5. Rajagopal, K. (2012). Operations Research. Easter Economy Edition.. New Delhi: PHI.
6. Kros J (2008). Spreadsheet Modeling for Business Decision. International edition. USA:
TheMcGraw-Hill Companies

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