KATHMANDU UNIVERSITY SCHOOL OF MANAGEMENT
BBA- Course Plan
Course Title: Fundamentals of Quantitative Techniques
Course Code: MAS 322 Credit Hour: 3
Instructor: Ashim Acharya
Email: [email protected]
Mobile: +977-9851333999
Faculty room: N/A
Introduction: This course provides an introduction to quantitative analysis tools most commonly used in
project management to assist project managers optimize strategic planning and decision making. It
focuses on Introduction to Quantitative Analysis, LP model, Decision Analysis, Transportation and
Assignment models, Networking Models and Game Theory.
Objective: The objective of the course is to provide the concepts and skills to apply the quantitative tools
and techniques in decision-making.
Methodology: Implying various teaching methods such as facilitate the course content, group discussion,
group presentation, project work, problem solving, class work, homework, peer assignment crosscheck.
Course description
Learning Unit Learning Contents Teaching Methods
Unit One Introduction to Quantitative analysis: 1. Describe the quantitative analysis
Net Contact Hours - Introduction, the quantitative analysis approach.
5 Hours approach, modeling in the real world, 2. Understand the application of
develop a quantitative analysis model, The quantitative analysis in a real
Role of Computers and Spreadsheet Models situation.
in the Quantitative Analysis Approach, 3. Describe the use of modeling in
Possible Problems in the Quantitative quantitative analysis.
Analysis Approach 4. Discuss possible problems in
using quantitative analysis.
5. Perform a break-even analysis.
6. Explain important of
OR/Management
Unit Two Theory of Decision Making 1. List the steps of the decision-
Net Contact Hours - Introduction, Steps in Decision Making, making process.
8 Hours Types of decision-making Environments, 2. Describe the types of decision-
Decision making under uncertainty: making environments.
Optimistic, pessimistic, criterion of 3. Make decisions under
Realism, equally likely, minimax regret, uncertainty.
Decision Making Under risk: Expected 4. Use probability values to make
monetary value, expected value of perfect decisions under risk.
information, expected opportunity loss, 5. Develop accurate and useful
sensitivity analysis, Decision trees. decision trees.
8. Understand the importance and
use of utility theory in decision
making.
Unit Three Game theory: 1. Understand the principles of
Net Contact Hours - Introduction, Language of Games, The zero-sum, two-person games.
5 Hours Minimax Criterion, Pure Strategy Games, 2. Analyze pure strategy games and
Mixed Strategy Games, Dominance. use dominance to reduce the size
of a game.
3. Solve mixed strategy games
when there is no saddle point.
Unit Four Linear Programming: Graphical and 1. Understand the basic
Net Contact Hours- Simplex methods assumptions and properties of
11 Hours Introduction, Formulating LP problem and linear programming (LP).
its graphical solution, Special cases of LP 2. Graphically solve any LP
problem, Set Up the Initial Simplex problem that has only two
Solution, Converting the Constraints to variables by both the corner point
Equations, Simplex Solution Procedures and isprofit line methods.
and interpretation of each Simplex Tableau, 3. Understand special issues in LP
Solving Maximization Problems, Surplus such as infeasibility,
and Artificial Variables, Solving unboundedness, redundancy, and
Minimization Problems, Special Cases: alternative optimal solutions.
Infeasibility, Unbounded Solutions, 4. Understand the role of sensitivity
Degeneracy, more than One Optimal analysis.
Solution, 5. Convert LP constraints to
Concept of Sensitivity Analysis from equalities with slack, surplus, and
Simplex Tableau, Dual Formulation artificial variables.
Procedures Only but not dual solution. 6. Set up and solve LP problems
with simplex tableaus.
7. Interpret the meaning of every
number in a simplex tableau.
8. Recognize special cases such as
infeasibility, unboundedness, and
degeneracy.
9. Use software to solve the same
problem
Unit Five Transportation and Assignment: 1. Structure special LP problems
Net Contact Hours - Introduction, Structure LP problems for the using the transportation and
8 Hours transportation, transshipment, and assignment models.
assignment models. Use the northwest 2. Use the northwest corner, greedy
corner and stepping-stone, Methods. Solve method, VAM, MODI, and
facility location and other application stepping-stone methods.
problems with transportation models. Solve 3. Solve facility location and other
assignment problems with the Hungarian application problems with
(Matrix reduction) method. The transportation models.
Transportation Problem, The Assignment 4. Solve assignment problems with
Problem, the Transshipment Problem, The the Hungarian (matrix reduction)
Transportation Algorithm method.
Special Situations with the Transportation 5. Use software to solve the same
Algorithm, Facility Location Analysis, the problem.
Assignment Algorithm, Special Situations
with the Assignment Algorithm.
Unit Six Networking and Project Management 1. Connect all points of a network
Net Contact Hours - Introduction, Minimal-Spanning Tree while minimizing total distance
11 Hours Problem, Shortest-Route Problem, using the minimal-spanning tree
understand how to plan, monitor, and technique.
control projects with the use of PERT and 2. Determine the maximum flow
CPM. Determine earliest start, earliest through a network using the
finish, latest start, latest finish, and slack maximal-flow technique.
times for each activity, along with the total 3. Find the shortest path through a
project completion time, PERT/CPM, network using the shortest-route
PERT/Cost, Project Crashing, Other Topics technique.
in Project Management, reduce total project 4. Understand how to plan, monitor,
time at the least total cost by crashing the and control projects with the use
network using manual or linear, of PERT and CPM.
programming techniques, Understand the 5. Determine earliest start, earliest
important role of software in project, finish, latest start, latest finish,
management. and slack times for each activity,
along with the total project
completion time.
6. Reduce total project time at the
least total cost by crashing the
network using manual or linear
programming techniques.
Total Contact 48 hrs.
Hours
Basic Text Render, Q., Ralf, M., Michael E. H.& Badri, T.N. (2009). Quantitative analysis for
management. (11th ed.), New Delhi: Pearson.
Reference Book Vohra ND, (2017). Quantitative Techniques in Management, (5th ed.), New Delhi,
McGraw Hill
In-Semester evaluation - 60%
Evaluation End - Semester evaluation - 40%
Scheme Total = 100%
Internal Evaluation:
Test Activities No. Total Weight
Assignments - 10%
Attendance - 5%
Class Performance - 10%
Project work & presentation (Group) - 15%
Mid Term Exam 1 20%
TOTAL 60%
