EMBA-105 Quantitative Methods Max: 40 Hrs

Course Outcomes
Upon successful completion of the course the student should be able to:
1. Describe role of statistics in management.
2. List the basic quantitative techniques and their applications in management.
3. Apply statistical techniques to present, analyze and interpret data for drawing meaningful
inferences for decision making. 
4. Identify real business problems and transform them into appropriate quantitative models.

Unit 1 Introduction
Nature and role of statistics in management, Measures of central tendency and dispersion,
Introduction to probability theory, Probability distributions - continuous and discrete; Sampling
distributions, Estimation and hypothesis testing; t-test; ANOVA; Chi-square test; Non-
parametric tests; Correlation and regression analysis, Applications of statistical packages.

Unit 2 Decision Theory,

Game Theory, Markov Chains.
Unit 3 Linear Programming
Formulation and applications, solution through graphical method and Simplex methods
Unit 4 Transportation,
Assignment and transshipment problems
Unit 5 Integer Programming-
Formulation and solution, Non-Linear Programming, Dynamic Programming , Multiple Criteria
Decision making; Goal programming.
Unit 6 Project scheduling-
PERT and CPM. Queuing theory. Monte Carlo Simulation- concepts and applications. Case
Studies and use of OR software packages.
Reference Books:
1. “Operations Research”, J. K. Sharma, McMillan India

2. “Quantitative Techniques in Management”, N. D. Vohra, Tata McGraw Hill Publications,

3/e, 4th reprint 2007

3. Quantitative Methods for Business, Anderson Williams et-al. b10th edition Thompson