Course Title: Quantitative Analysis for Business Decision
Course code: MBA 561
Credit hours: 3
Course instructor:
Course Description:
Quantitative aid to decision making offers the decision-maker a method of evaluating every
possible alternative (act or course of action) by using various techniques to know the potential
outcomes. It includes models and modeling, linear programming, transportation models, assignment
models, decision models, project management techniques, and queuing models and other statistical
techniques of making decision.
Course Objectives:
After completing the course, students will be able to:
Apply quantitative approaches in managerial decision making
Evaluate different models of management science
Apply Mathematical model in solving different managerial problem.
Course Outline
Unit One: Introduction
1.1. Nature and significance of QABD
1.2. Model and Model Building
1.3. Business Usage of Quantitative Techniques
Chapter Two: Linear Programming Model
2.1. Model Formulation and Graphical Solution
2.2. Simplex algorism
2.3. Duality and Sensitivity Analysis ………………………….(reading Assignment)
Chapter Three: Transportation and Transshipment Model
3.1 Transportation model formulation
3.2 Finding Initial solution
3.3 Test of optimality
3.4 Developing improved solution
3.5 Special issue in transportation problems
3.6 Transshipment Models
Chapter four: Assignment Models
4.1. Assignment formation
4.2. Solution to assignment problem
4.3. Special issues in Assignment problems
Term Papers
Chapter Five: Decision Theories and Analysis…………………………….. (Group 1)
5.1. Types of Decision Making Environment
5.2. Decision Making Without Probabilities
5.3. Decision Making with Probabilities
5.4. Decision making with Additional Information
Chapter Six: Forecasting…………………………………………………… (Group 2)
6.2 Qualitative Forecasting Techniques
6.3 Quantitative Forecasting Techniques
Chapter Seven: Queuing Analysis…………………………………………… (Group 3)
7.1 Elements of Waiting Line Analysis
7.2 The Single-Server Waiting Line System
7.3 The Multiple-Server Waiting Line
Evaluation Scheme:
Assignment I (Problem Solving) 25%
Assignment II (Problem Solving) 25%
Final Exam 50%
Total 100%
Text book
Stevenson, W.(2007) Management science, Mcgraw-hill
References
Introduction to operations research. Frederick s. Hiller Gerald j. Lieberman
Kagsadale, managerial decision modeling, revised edition, 2008, south west publishers.
Linear programming problem. G. [Link] addison- wesley
Operations research. Richard schums outene series mcgraw-hill
Operations research. O. Kanti swarup. Mammohan. P.k gupta
Kothari c. R., quantitative techniques, 3 rd revised edition, (2005), New Delhi: Vikas
Publishing House Ltd.
Sharam, J. K., (2004), Business Statistics, Delhi: Baba Barkha Nath printers
Agrwal, D. R., (2008), Business Statistics. Delhi: Vrinda Publications Ltd.
Bowerman, O’Connel and Hand, Business Statistics in Practice, 2 nd edition, Boston:
McGraw-Hill Irwin.
Render, Barry and Stair, Ralph M., Quantitative Analysis for Management, 3 rd edition,
Toronto: Allyn and Bacon Inc.
