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Applied Quantitative Management Techniques | DLP INDIA

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Applied Quantitative Management Techniques

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.

Fee

Click here

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