Quantitative Techniques for Management Applications

Introduction

Unit 1: Decision Making

Managerial Decision Making System
Managerial Decision Making Environment

Quantitative Models

Introduction
Unit 2: Functions Functions
Variables
Types of Functions

Unit 3: Equations Introduction

Linear Equations

Introduction
Unit 4: Applications of Linear Equations and Supply and Demand Functions
Functions in Business Irregular, Unequal and Discontinuous
Functions
Quadratic Equations
Fitting a Quadratic Cost Curve
Unit 5: Case Studies

Introduction
Vectors
Multiplication of Vectors
Unit 6: Matrices
Matrices
Properties of Matrix Multiplication and
Addition
Use of Matrices for Production Planning

Introduction
Solving Linear Equation by the Use of
Determinants

Unit 7: Determinants The Best Method of Solving Linear

Equations
Higher Order Determinants
Unit 7: Determinants

Main Properties of Determinants

Applications in Management

Introduction
Concept of Probability
Objective and Subjective Probabilities
Basic Statement of Probability
Unit 8: Probability Mutually Exclusive Events
Dependent and Independent Events
Decision Trees
Revision of Probabilities
Combinations

Introduction
Random Variables
Unit 9: Random Variables and Probability The Bernoulli Process
Distributions The Binomial Theorem
Probability Distributions

Poisson Distribution
The Normal Probability Distribution

Unit 10: Case Studies

Introduction

Unit 11: Decision Theory

Key Terms
Steps in Decision Theory

Introduction
Linear Programming Problem
Unit 12: Linear Programming
Graphical Method
Simplex Method
Duality

Introduction
Unit 13: Transportation Models Demand, Transport Demand and Market
Models
Types of Transportation Problem

Unit 14: Assignment Problem

 Introduction
Unit 14: Assignment Problem
Hungarian Method for Solving Assignment
Problem
Unit 15: Case Studies

Introduction
Game
Unit 16: Game Theory Assumptions
Limitations
Two-person Zero-sum Game
Rules (Principles) of Dominance

Introduction
Unit 17: Markovian Model Properties of Markov Models
Applications
Types

Introduction
Data Characteristics
Requirements of Data in the Organization

Unit 18: Data Collection Problems and Limitations of Data Collection

Basic Classification of Data

Primary Data
Methods of Primary Data Collection
Secondary Data

Unit 19: Presentation of Data Introduction

Categorical data and numeric data
Unit 20: Case Studies

Introduction
Sampling and Sampling Design
Theory of Sampling
Unit 21: Sampling
Methods of Sampling
Precautions in Using Sampling Methods
Sampling Reliability
Sampling and Non-Sampling Errors

Introduction

Unit 22: Basic Tools of Data analysis–I Frequency Distributions

Unit 22: Basic Tools of Data analysis–I
Interpretation of Frequency Distributions
Understanding and Using Averages
Kinds of Averages

Introduction
Commercial Averages
Unit 23: Basic Tools of Data Analysis–II
Comparison of 3 M's of Statistics
Measuring Dispersion
Coefficient of Variance

Introduction

The Conceptual Model

The Mathematical Model
Simple Forecasting System
Algorithms and Applications
Unit 24: Forecasting The Regression Algorithm
Simple Linear Regression Analysis
Correlation Analysis (The Parametric Case)

Correlation Analysis (The Non-parametric

Case)
Time Series Analysis
Linear Analysis
Non-linear Analysis
Multiple Regression Analysis
The Smoothing Algorithm
Unit 25: Case Studies
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