COURSE OUTLINE

COURSE CODE AND TITLE: BUS 4030A Quantitative Methods

PREREQUISITE: BUS 3030
CREDIT: 3Units
CLASS SCHEDULE: Tue/Thu 05:30 PM – 07:10 PM
VENUE: NIRO Campus, Science Complex, LT4
COURSE INSTRUCTOR: Johnson Muthii
EMAIL: [email protected]

COURSE DESCRIPTION

Study of the mathematical techniques/ methods used to solve business problems. Include meaning
and scope, Linear Programming (graphical and simples methods), Transportation and assignment
models, Replacement models, Queuing theory, Decision theory, Inventory management,
Sequencing, Network analysis, Game theory, Investment Decision Analysis.

LEARNING OUTCOMES

Chandaria School of Business is committed to excellence in formulation and delivery of high

quality programs at both undergraduate and graduate levels in a dynamic and challenging business
environment.

MISSION STATEMENT

In line with the university mission, the mission of Chandaria School of Business is to provide a
range of knowledge, skills, attitudes and problem-solving abilities to enable students to respond to
the need for successful management and leadership of profit and not for profit organizations in a
dynamic environment.

SCHOOL LEARNING OUTCOMES

1. Global Oriented – Demonstrate awareness, knowledge and appreciation of global business
operations and practices.
2. Multidisciplinary – Demonstrate knowledge about the different functions of business and
show an appreciation and integration of functional business areas.
3. Change Oriented – Make use of adaptive and innovative skills.
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4. Experiential – Develop practical working experience through participation and contribution
to community and societal causes.
5. Initiative and Problem Solving Abilities – Collect and analyze data to provide business
solutions.
6. Team Player – Demonstrate understanding of diversity and work harmoniously with
individuals and groups in organizations.
7. Effective Communication – Develop competencies in oral and written communication skills
and use of technology.
8. Preparedness for Career – Develop mastery of knowledge, skills and values relevant to
careers in their selected disciplines.
9. Transformational Leadership - Demonstrate effective, efficient and ethical leadership.

PROGRAM MISSION STATEMENT

The mission of BSc Accounting program is to impart a range of knowledge, skills, problem-
solving abilities and develop Program
Learning Outcomes
In addition to the university wide outcomes of: higher order thinking; oral and written competence;
scientific and technological literacy; global understanding and multicultural perspectives; and
service to the community, whose foundation is laid by the General Education Program (see section
on general Education), the following are the Accounting program specific Learning Outcomes:

PROGRAM LEARNING OUTCOMES:

1. Prepare, analyze and interpret financial statements

2. Design, record and use accounting information systems and applications in business
transaction cycles.
3. Identify, measure and communicate cost information to management for decision making.
4. Apply International audit guidelines to verify financial information
5. Uphold and practice ethical behavior in the work place
6. Contribute positively to the community through service

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COURSE OBJECTIVE

The main objective of this course is to enable students to use quantitative techniques to analyze
business decision problems
Course pre-requisite: Bus 3030

Week Main Topic Topic Detail

1 Introduction of Course o Opening session

o Review of course outline and expectations
Linear Programming o Introduction to Quantitative Techniques to business
o Basic Concepts – Conditions for problems to
modeled and solved as LPs problems
o Discussion of LP problems from business are
generally and Accounting areas
o Types of LP Problems
2 Linear Programming Cont. o Modeling Decision problem as Maximization and
Minimization LP problems
o Solution procedures – Graphical Methods and
limitation
Linear Programming Cont. o Simplex Method
3 Transportation Problems o Basic Concepts – Meaning and conditions modeling
(TP) problems as TP
o LP formulation of TP and Limitations of LP solution
procedures
4 Transportation Problems o Solution procedures and interpretation of results
Cont.
Assignment Problems (AP) o Basic Concepts – Meaning and conditions modeling
problems as AP
o LP formulation of AP and Limitations of LP
solution procedures
5 Assignment Problems Cont. o Solution procedures and interpretation of results
6 Network Analysis o Basic concept and rules in network analysis
o Construction of Network diagrams
o Project scheduling using the critical path method
and PERT/CPM
o Project scheduling using the critical path method
and PERT/CPM Cont.
7 Mid Semester Examination
Waiting Models o Introduction to Queuing Theory and its Applications
o Basic concepts and Types of queues
8 o Introduction to Statistical Arrival Models: Poisson
Arrivals
o Services distribution

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 9 Queuing Analysis Cont. o The Queuing Systems: M/M/1, M/M/∞, M/M/S/S
and M/M/S.
o Performance Measures
o Applications
Inventory management o Basic Concepts
o Importance of inventory
o Item classification and why
o Inventory optimization techniques
10 & Decision Theory o Basic concepts
11 o Structuring decision problems
o
o Deterministic and probabilistic decision problems
and solution procedures
12 Game Theory o Introduction: Introduction, overview, uses of game
theory, some applications and examples, and formal
definitions of: the normal form, payoffs, strategies,
pure strategy Nash equilibrium, dominated strategies
o Mixed-strategy Nash equilibria: Definitions,
examples, real-world evidence.
o Alternate solution concepts: iterative removal of
strictly dominated strategies, minimax strategies and
the minimax theorem for zero-sum game
13 Sequencing and o Optimizing costs and processing times for 2 jobs in
Replacement Models 2 machines.
o Overview of replacement Models
o Application Cont

COURSE TEXT
Lucey T., Quantitative Techniques: An instructional Manual 5th edition, ELBS.

ADDITIONAL TEXT
1. Tulsian P., Pandey V. Quantitative Techniques, Theory and Problems, Pearson Education,
Asia
2. Hillier and Liebermann (2001) Introduction to Operations Research, Seventh Edition

COURSE EVALUATION

Attendance and participation 5%

Assignments 25%
Quizzes 20%
Mid-Semester Exam 20%
Final Exam 30%
Total 100%

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GRADING SYSTEM

A 90 – 100 C 70 – 73
A- 87 - 89 C- 67 – 69
B+ 84 - 86 D+ 64 - 66
B 80 - 83 D 62 - 63
B- 77 - 79 D- 60 - 61
C+ 74 – 76 F 0 – 59

KEY INSTITUTIONAL ACADEMIC POLICIES

Students should note the following are key policies as outlined in the University Catalogue and
Students Handbook:

Academic dishonesty
 Any intentional giving or use of external assistance during an examination without the
express permission of the faculty member giving the examination.
 Fabrication: any falsification or invention of data, citation or other authority in an academic
exercise;
 Plagiarism: any passing off of another's ideas, words, or work as one's own;
 Previously Submitted Work: presenting work prepared for and submitted to another course;

Class Attendance
Students are expected to attend all classes. Upon being absent from seven classes in a 3 unit course,
the instructor will give a student an “F” grade for that course.

Class Policy:
 Assignments handed in late will not be marked
 Seven absences from class will result in an automatic grade F
 Only official letters from registrar’s/dean’s office will be acceptable for absenteeism
 Borrowing of writing materials including calculators is not allowed during exams.
 Students who attend classes late will be penalized.
 Own a scientific calculator (preferably fx-82 or fs series).
 Avoid plagiarism. Plagiarism will result into an instant F.
 No make-ups for assignments and exams
 No picking of cell phones in class (Mobile phone should be switched OFF during class
sessions)
 Lateness will not be tolerated beyond 20 minutes

Assignments and Quiz deadline

 Quiz 1: Week 5
 Individual Assignment 1 Due: Week 3
 Mid-Semester Exam: Week 7
 Quiz 2: Week 12
 Assignment 2 Due: Week 12
 Final Exam: Week 14

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