INTRODUCTION
This is the second introductory course on the fundamental
principles, problem areas and techniques of Quantitative Methods for business
and management. Students will be introduced to the basic concepts of modeling
and analysis for supporting decision making. Concepts are introduced through
examples of applications. Tools used include basic algebra, graphing and Excel.
OBJECTIVE
- At course completion, you should have:
- Gained an appreciation for the role quantitative methods play in business decision-making.
- Achieved a degree of facility modeling and solving management problems using Microsoft Excel.
- Learned how to employ quantitative decision techniques to analyze managerial problems.
- Increased critical thinking and quantitative reasoning skills.
POTENTIAL CAREER
- Private / Public Sector
- Statistician / Analyst
CONTENT
- Spreadsheet Modeling
- Introduction to Probability
- Probability Distributions
- Decision Analysis
- Utility and Game Theory
- Introduction to Linear Programming
- Linear Programming Sensitivity Analysis
- Linear Programming Applications
- Project Scheduling
- Waiting Line Models
- Simulation
CONTENT MODE
PDF, moodle books
REQUIREMENTS
A basic knowledge of Mathematics,
Statistics and Excel.
WHAT AM I ABLE TO GET OUT OF THIS COURSE
Learn how to employ quantitative decision techniques to
analyze managerial problems.
ADDITIONAL SUPPORT
Additional reading will be given to students.
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