Course code Course title

Quantitative Techniques II

Course Description

This course offers exposure to a wide variety of quantitative optimisation techniques used in various
business situations ranging from strategy to sales and marketing to operations and production to HR
and related management decision areas. The course sets the Factual, Conceptual, Procedural and Meta
cognitive knowledge foundation to appreciate, understand, apply, analyze, evaluate and create
analytics solutions to management problems.

Course Objectives

1. Develop overall perspective of quantitative techniques (Part 2) and its varied applications in
business.

2. Appreciate and apply conceptual, procedural and meta cognitive knowledge gained from
understanding these quantitative techniques (in Part 2).

3. Evaluate, analyse and find solutions to analytical problems constructed in business situations.

Course Outcomes

1. Understand the need and utility of quantitative techniques in management decision making
process.

2. Demonstrate a good understanding of factual, conceptual and procedural knowledge in

applying the learnt quantitative techniques (Part II).

3. Comprehend problems faced in management function in light of these knowledge to

remember, understand and apply the techniques.

4. Analyse, Evaluate and Create appropriate solutions to solve the identified quantitative
problem.
Course Content

Session Topic Sub-topic Chapter & Book

No
1 Linear Programming I  LP Problem Formulation Chapter 2: QAM, ND
 Using Graphical Methods Vohra

Chapter 7: QAM,
Render & Stair
2 Linear Programming II  Simplex Method, Big M Chapter 3: QAM, ND
& Two phase method Vohra
 Applications with
Computer Analyses in Chapter 8: QAM,
Excel Render & Stair

3 Linear Programming III  Duality and Sensitivity Chapter 4: QAM, ND

Analysis Vohra

4 Specially structured LP I:  Transportation, Chapter 5: QAM, ND

Transhipment problems Vohra

Chapter 9: QAM, render

& Stair
5 Specially structured LP II  Assignment problem Chapter 6: QAM, ND
Vohra

Chapter 9: QAM, render

& Stair
6 Extension of LP  Integer, Goal, and Chapter 7: QAM, ND
Nonlinear Programming Vohra
Models
Chapter 10: QAM,
render & Stair
7 Theory of Games  Game Models Chapter 8: QAM, ND
 Zero sum, 2 x n, m x 2, m Vohra
x n games
Module 4 M4-1 –
Online companion to
QAM, Render & Stair
8 Dynamic Programming  Dynamic vs LP Chapter 9: QAM, ND
 Deterministic vs. Vohra
probabilistic Dynamic
programming Module 2 M2-1 –
Online companion to
QAM, Render & Stair
9 Sequencing Problem  Problem, solution and Chapter 10: QAM, ND
applications Vohra

10 Inventory Control Models  Fixed Order Quantity, Chapter 6: QAM,

Economic Order Quantity Render & Stair
etc
 Safety Stock, Single Chapter 11: QAM, ND

11 Waiting line & Queuing
Models
12 Replacement Theory
13 PERT and CPM – Project
Management & Network
analysis
14 Markov Analysis
15 Simulation Modelling
16 Investment Analysis &
break-even analysis
17 Statistical Quality Control
18 Class Presentation I
19 Class Presentation I
20 Closing session – Doubts
and clarifications
Grading System:
a. Total of 5 Quizzes x 5 marks – Best 4 will be selected = Total 20 Marks
period model
 ABC, MRP, JIT and ERP Vohra
 Characteristics of Chapter 12: QAM,
Queuing systems Render & Stair
 Single and Multi-channel
Queuing models & other Chapter 12: QAM, ND
queuing models Vohra
 Equipment and staff Chapter 13: QAM, ND
replacement models Vohra
 Project network Chapter 11: QAM,
 Network analysis & Render & Stair
allocation
 PERT & CPM Chapter 14: QAM, ND
Vohra
 State and Transition Chapter 14: QAM,
probabilities Render & Stair
 Market share predictions
Chapter 15: QAM, ND
Vohra
 Monte Carlo Simulation Chapter 14: QAM,
 Simulation of inventory Render & Stair
and queuing systems
Chapter 16: QAM, ND
Vohra
 Time Value of Money Chapter 18: QAM, ND
 Annuities Vohra
 Investment Analysis
 Break-even analysis
 Quality and TQM Chapter 15: QAM,
 Statistical Process control Render & Stair
 Control charts
 Topics to be shortlisted -
by students
 Topics to be shortlisted -
by students
 Topics to be shortlisted -
by students
 b. Presentation: Groups of 5 members have been randomly formed. Students must choose a
topic based on their interest from the course list.
c.
d. Final Exam = 70 Marks

References

Required references

1. Render, Stair, Hanna, Hale and Badri. “Quantitative Analysis for Management.” Pearson
India.

2. N D Vohra, “Quantitative Techniques in Management.” 5th Edition, Mc Graw Hill Education

In addition, companion book on using Spreadsheets for Modelling is useful for hands on learning:

3. Nagraj Balakrishnan, Barry Render & Ralph M. Stair, “Managerial Decision Modeling with
Spreadsheets.” Third Edition Pearson

4. Ragsdale, Cliff T. “Spreadsheet Modeling and Decision Analysis.” 8th Edition, Cengage

Other references will be shared along with each lecture notes.

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