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QMT425 Quantitative Techniques/Quantitative Business Analysis

This 3-sentence summary provides the high-level information about the course outline: The course outline describes a Quantitative Techniques/Quantitative Business Analysis course that is a 3-credit, 4-unit Bachelor's level course covering quantitative methods including decision analysis, linear programming, transportation models, inventory models, project scheduling using critical path method, and simulation models to help students apply these techniques to problem solving and decision-making. Assessments include tests, quizzes, assignments, and a final exam.
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0% found this document useful (0 votes)
216 views3 pages

QMT425 Quantitative Techniques/Quantitative Business Analysis

This 3-sentence summary provides the high-level information about the course outline: The course outline describes a Quantitative Techniques/Quantitative Business Analysis course that is a 3-credit, 4-unit Bachelor's level course covering quantitative methods including decision analysis, linear programming, transportation models, inventory models, project scheduling using critical path method, and simulation models to help students apply these techniques to problem solving and decision-making. Assessments include tests, quizzes, assignments, and a final exam.
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Course Outline

Code Course Level Credit Unit Contact Hour Prerequisite Lecturer : : : : : : : QMT425 Quantitative Techniques/Quantitative Business Analysis Bachelor of Business Administration 3 4 None

Course Outcomes Upon completing this course the students should !e a!le to: C"# $ %escri!e and e&plain the concepts and the role of 'uantitative methods in the decision$ma(ing process) C"* $ Appl+ the quantitative techniques in pro!lem solving) C"3 , A!ilit+ to interpret the results and ma(e a good decision) Course Description -his course covers a num!er of quantitative methods including %ecision Anal+sis Linear Programming -ransportation Assignment Pro.ect /cheduling: Critical Path 0ethod 1CP02 Program 3valuation 4evie5 -echnique 1P34-2 6nventor+ Control and /imulation models) 6n addition this course e&plains ho5 the methods 5or( and ho5 the+ can !e applied and interpreted !+ the decision$ma(er) -he emphasis is on application of the methods rather than pure mathematics per sa+) Teaching Metho ology : A com!ination of an+ of the follo5ing methods: Lectures -utorials 7inal e&amination Course5or( : 89:

Assessment

: 49: * -ests $ *; : * 'ui<<es $ ;: ; Assignments $ #9:

!ecommen e Te"t Lau -) =) Quantitative Business Analysis for UiTM *nd edition "&ford 7a.ar Ba(ti *9#*) !e#erences #) 4ender) B) 4) 0) /tair >r) Quantitative Analysis for Management ?th edition Ne5 >erse+ Prentice Hall 6nc) *998) *) %avid 4) Anderson %ennis >) /5eene+ and -homas A) @illiams An Introduction to Management Sciences #9th edition /outh$@estern College Pu!lishing *993) 3) Bo!!+ /rinivasan A C)L) /and!lom Quantitative Analysis for Business Decision 0cBra5 Hill #?C?) 4) Bonini C)P) @)H) Hausman H) Bierman >r) Quantitative Analysis for Management ?th edition Chicago 6r5in 10cBra5 Hill2 #??D) ;) Lee 0oore -a+lor Management Sciences All+n and Bacon #??9) 8) 4ichard 6) Levin %avid /) 4u!in >oel P) /tinson Quantitative Approaches to Management, 0cBra5 Hill #?C?) D) Luce+ -) 'uantitative -echniques An Instructional Manual 3rd edition London %P Pu!lication #?CC)

$che ule o# %ectures


&ee' Date Topic !emar'

Topic () *ntro uction to Quantitative Analysis Topic 2) Decision Theory -he structure of decision -+pes of decision ma(ing environments %ecision ma(ing under uncertaint+ o 0a&ima& o 0a&imin o 3quall+ li(el+ 1Laplace2 o Criterion of 4ealism 1Hur5ic<2 o 0inima& %ecision ma(ing under ris( o 3&pected monetar+ value 130F2 o 3&pected opportunit+ loss 13"L2 o 3&pected value of perfect information 13FP62 %ecision tree o /olving multi$stage decision ma(ing pro!lem using tree diagram o 4evised pro!a!ilities 3&pected value of sample information 13F/62 Topic + ) %inear ,rogramming -%,. 4equirement of a LP pro!lem 7ormulating LP pro!lem Braphical solution to a LP pro!lem 1t5o$varia!le2 o /olving ma&imi<ation pro!lems 1iso$profit line method corner point method2 o /olving minimi<ation pro!lems 1iso$cost line method corner point method2 o /pecial cases in LP /imple& method o Ho5 to set up an initial simple& ta!leau 1ma&imi<ation and minimi<ation2 o /imple& solution 1solving ma&imi<ation pro!lems onl+2 o 6nterpretation of optimal simple& ta!leau Brea' o /pecial cases in LP o /ensitivit+ anal+sis ,shado5 prices -he dual in LP o %ual$primal relationships o 7ormulating the dual from the primal and vice versa o "!taining the dualGs optimal solution from the primalGs optimal ta!leau and vice versa o 6nterpretation of the dual Topic 4) Transportation an Assignment Mo els -ransportation model o 0inimi<ation pro!lems /etting up a transportation ta!le %eveloping a starting solution 1north5est corner methodE least cost methodE FA02 7inding an optimal solution 10"%6 methodE stepping$stone method2 Un!alanced transportation pro!lems

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%egenerac+ Alternative optional solutions o 0a&imi<ation pro!lems Assignment model o Approach of the assignment model o Un!alanced assignment pro!lems o 0inimi<ation and ma&imi<ation pro!lems Topic 5) *nventory Mo el 6mportance of inventor+ control -he inventor+ decisions -he economic order quantit+ 13"'2 model the reorder point Production run modelE economic !atch quantit+ 13B'2 model) 'uantit+ discounts model Topic /) ,ro0ect $che uling 1 ,2!T/C,M -he frame5or( of P34-ECP0 anal+sis Net5or( diagram and critical path method 1CP02 -otal and free slac(s P34- anal+sis Pro.ect crashing
Pro.ect crashing Topic 3) $imulation -he simulation process Advantages and disadvantages of simulation 0onte Carlo simulation o /imulation model for an inventor+ polic+ o /imulation model for a queuing pro!lem o "ther applications

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