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Course Outline - QABD

This document outlines a course on quantitative analysis for business decision making. The course covers topics like linear programming, transportation models, assignment models, decision theories, forecasting, and queuing analysis. Students will learn to apply quantitative approaches and mathematical models to solve business problems and evaluate management science models.

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sena mengesha
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19 views

Course Outline - QABD

This document outlines a course on quantitative analysis for business decision making. The course covers topics like linear programming, transportation models, assignment models, decision theories, forecasting, and queuing analysis. Students will learn to apply quantitative approaches and mathematical models to solve business problems and evaluate management science models.

Uploaded by

sena mengesha
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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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. G.hardy 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.

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