Scribd
Upload
41 views6 pages

Mba 2306

This document provides information about the course "MBA 2306 Business Mathematics" for students of the School of Business at Bangladesh Open University. It was written by Professor Dr. M. A. Taher from University of Chittagong and Dr. Mohammed Shamim Uddin Khan from University of Chittagong. It was edited by S. M. Miraj Ahmmod from Bangladesh Open University. The book contains 12 units and 44 lessons covering topics such as set theory, logarithms, finance, permutations, equations, functions, differentiation, integration, matrices, and applications of mathematics in economics and business.

Uploaded by

sahanitto467
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
41 views6 pages

Mba 2306

This document provides information about the course "MBA 2306 Business Mathematics" for students of the School of Business at Bangladesh Open University. It was written by Professor Dr. M. A. Taher from University of Chittagong and Dr. Mohammed Shamim Uddin Khan from University of Chittagong. It was edited by S. M. Miraj Ahmmod from Bangladesh Open University. The book contains 12 units and 44 lessons covering topics such as set theory, logarithms, finance, permutations, equations, functions, differentiation, integration, matrices, and applications of mathematics in economics and business.

Uploaded by

sahanitto467
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

MBA 2306

BUSINESS MATHEMATICS

SCHOOL OF BUSINESS

Bangladesh Open University


evsjv‡`k D›gy³ wek¦we`¨vjq
SCHOOL OF BUSINESS
evsjv‡`k D›gy³ wek¦we`¨vjq

MBA 2306
Business Mathematics

Course Development Team


Writer
Professor Dr. M. A. Taher
Department of Management
University of Chittagong
Chittagong

Dr. Mohammed Shamim Uddin Khan


Associate Professor
Department of Finance & Banking
University of Chittagong
Chittagong

Editor and Style Editor


S. M. Miraj Ahmmod
Associate Professor
School of Business
Bangladesh Open University
Coordinator
Prof. Dr. M. Ekramul Hoque
School of Business
Bangladesh Open University

This book has been published after being refereed for the students of
School of Business, Bangladesh Open University
MBA 2306
BUSINESS MATHEMATICS

Published by: Publication, Printing and Distribution Department, Bangladesh Open


University, Gazipur - 1705.  Bangladesh Open University. Date of Publication:
July, 2008. Computer Compose & Desk-Top Processing: Mohammad
Wahiduzzaman Howlader, Cover Graphics: Abdul Malek, Cover Design: Monirul
Islam, Printed by: ............................................................................................................

All rights reserved by the School of Business, Bangladesh Open University. No part of this book
can be reproduced in any form without proper permission from the publisher.
PREFACE

This text book titled Business Mathematics is designed and developed for the MBA students of
Bangladesh Open University. It is written in modular form and is the first of its kind on Business
Mathematics in Bangladesh. The lessons have been so designed that learners find them easy to
understand.
The book has twelve units comprising 44 lessons. We do not claim it to be an original
contribution. Rather it should be regarded as a textbook of ideas from various renowned writers in
Business Mathematics. We have also quoted from different textbooks on Mathematics usually
followed by post-graduate students in our universities. Our endeavour has been to present the
lessons in a very lucid manner so that they can be understood and assimilated by an average
distance learner of the MBA program within the stipulated period of a semester.
Each unit is almost equivalent to one chapter of a conventional text book and contains two to six
lessons. Each of them starts with unit “highlights”. In fact the lessons are like the lecture notes of
a classroom teacher, each starts with “lesson objectives” and ends with “review questions”. The
review questions include practice problems and multiple choice questions (MCQs). We hope that
self learners will not find much difficulty in understanding the lessons by themselves and will
need only a little help from the tutor.
We are grateful to the honorable Vice Chancellor of BOU, Professor Dr. M. Farid Ahmed who
gave us the opportunity to write the book. We are also grateful to the former Dean, School of
Business, BOU Professor Dr. M. Ekramul Hoque who gave us the most needed support and
enthusiasm to write this book. S. M. Miraj Ahmmod, Associate Professor, School of Business,
BOU has made us indebted by his untiring efforts in editing and style editing each and every
lesson diligently and meticulously. Our thanks are also due to Mohammad Wahiduzzaman
Howlader, Word Processing Operator of the School of Business, for doing very best to complete
the task of desktop processing on time.
We shall feel rewarded for our labor if both general readers and self-learners find this book
worthwhile and useful.

Professor Dr. M. A. Taher


Dr. Mohammed Shamim Uddin Khan
CONTENTS
Unit-1: Theory of Set 1
Lesson-1: Meaning, Methods and Types of Set 3
Lesson-2: Venn Diagrams 7
Lesson-3: Addition, Subtraction and Complement of Sets 12
Lesson-4: Difference and Product of Sets 17
Lesson-5: Applications of Set Theory to Solve Business Problems 22
Unit-2: Logarithm 29
Lesson-1: Nature and Basic Laws of Logarithm 31
Lesson-2: Natural Logarithm and Antilogarithm 40
Unit-3: Mathematics of Finance 47
Lesson-1: Interest 49
Lesson-2: Depreciation 57
Lesson-3: Present Value and Future Value of Money 62
Lesson-4: Annuity 66
Unit-4: Permutation and Combination 73
Lesson-1: Permutation 75
Lesson-2: Combinations 82
Unit-5: Equations 89
Lesson-1: Equation and Identity 91
Lesson-2: Inequality 96
Lesson-3: Degree of an Equation 100
Lesson-4: Graphical Equation 105
Lesson-5: Quadratic Equation 109
Lesson-6: Application of Equation in Business Problems 116
Unit-6: Coordinate Geometry and the Straight Line 121
Lesson-1: Coordinate Geometry 123
Lesson-2: The Straight Line 130
Lesson-3: General Form of the Equation of a Straight Line 135
Unit-7: Functions, Limit and Continuity of a Function 141
Lesson-1: Functions 143
Lesson-2: Limit 150
Lesson-3: Continuity 157
Unit-8: Differentiation and its Uses in Business Problems 163
Lesson-1: Differentiation 165
Lesson-2: Differentiation of Multivariate Functions 175
Lesson-3: Optimization with Lagrangian Multipliers and Cobb-Douglas 183
Production Functions
Lesson-4: Business Applications of Differentiation 190
Unit-9: Maxima and Minima 199
Lesson-1: Optimization of Single Variable Function 201
Lesson-2: Optimization of Multivariate Functions 213
Lesson-3: Constrained Optimization with Lagrangian Multipliers 220
Unit-10: Integral Calculus 227
Lesson-1: Indefinite Integral 229
Lesson-2: Methods of Integration 234
Lesson-3: Definite Integral 241
Lesson-4: Applications of Integration in Business 248
Unit-11: Matrix Algebra 255
Lesson-1: Matrix: An Introduction 257
Lesson-2: Matrix Operations 262
Lesson-3: Determinant 269
Lesson-4: Matrix Inversion 278
Lesson-5: Application of Matrices in Business 284
Unit-12: Applications to Economics and Business 291
Lesson-1: Uses of Different Functions in Business and Economics 293
Lesson-2: Elasticity 303
Lesson-3: Consumers’ Surplus and Producers’ Surplus 308

You might also like