Course Outline-- Post Graduate Programme

QUANTITATIVE ANALYSIS FOR MANAGEMENT - III

<TERM -III> <2021-22>
<Course Code: QM1603>
INSTRUCTOR AND CONTACT INFORMATION

Faculty Prof. Jyotirmoy Dalal/Adjunct Faculty

1/Adjunct Faculty 2
Number of sections 2/3/4
Room No
Telephone
Mail ID Jyotirmoy.dalal@iiml.ac.in

COURSE DESCRIPTION

Quantitative Analysis for Management- III is the last of a series of three compulsory courses in quantitative
techniques offered by Decision Sciences Area. The courses have been so structured that QAM-III covers a
bulk of O.R. techniques and methods in a wide spectrum of decision making situations. With each topic
covered, managerial problems will be discussed to provide motivation for learning the techniques that can be
used to address these problems.

COURSE OBJECTIVES

The objectives of this course are to

1. give an appreciation of the problems that can be approached through basic O.R. methods

2. familiarizes the students with the various O.R. techniques available

3. develop an understanding of the mechanics of those techniques, and

4. develop a general awareness of the applicability and limitations of O.R. methods and techniques
COURSE LEARNING OUTCOMES

By end of this course the student should be able to

1. have a reasonable foundation in O.R., based on which they can further build up and broaden their knowledge
base in order to deal with such more complex situations arising in businesses today
2. understand the difference between Linear programming and Integer programming
3. formulate Integer programming models of complex situations
4. analyze decision problems involving uncertainty
5. analyze a variety of operating characteristics of waiting lines
6. simulate a queuing system by developing random number intervals

ALIGNMENT OF PROGRAM OBJECTIVES & COURSE LEARNING OUTCOMES

Programme Objectives Course Learning (CL)

outcomes
1 To develop an understanding of the key functions of businesses CL1, CL3, CL4, CL5

2 To develop critical and analytical skills that equip students to excel

in complex, uncertain and dynamic business environments CL2, CL3, CL4, CL5,
CL6
3 To enable application of business knowledge in a global context

4 To acquire skills and capabilities for generating sustainable CL3, CL5, CL6
competitive advantage in organizations

5 To equip students with skills and ethics that promote organizational

well-being and ideal corporate citizenship

6 To lay the foundation of an entrepreneurial mind-set and continued

learning for future ready leaders

REQUIRED COURSE MATERIALS/READINGS/TEXTBOOKS:

David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J Cochran, An Introduction to
Management Science : Quantitative Approaches to Decision Making, 14E, Cengage Publication
(Already provided fore QAM-I course in Module-I)

EVALUATION
 Exams: Students will be assessed on the basis of their performance in quiz and an end term exam.

GRADING SCHEME
Mid Term Exam NIL
Quizzes 30%
70%
End Term Exam
ACADEMIC DISHONESTY: Academic dishonesty or misconduct is cheating that relates to an
academic activity. It is violation of trust between the institute and its stakeholders. Plagiarism,
fabrication, deception, cheating and sabotage are examples of unacceptable academic content.
Please consult the programme manual for the section on academic dishonesty.

COURSE SCHEDULE

Session Topic Covered Readings Cases

(1 hr each)

1-4 Integer Programming Text Book: Chapter 7

5-7 Decision Analysis Text Book: Chapter 13

8-10 Queuing Theory/ Waiting Line Text Book: Chapter 11
Models
11-14 Simulation Text Book: Chapter 12
15 Review