QUANTITATIVE TECHNIQUES

Course Objectives
1. To build a culture of informed decision making having multiple perspectives using
Mathematical Techniques.

2. To equip the students with theoretical and practical knowledge of functioning of

Manufacturing & Service Sector.
3. To develop analytical skills to handle complex business situations in different
functional area of business.

4. To indicate the Art of intellection selection amongst available alternatives to optimize

business function.

CONTENT:

UNIT-I

1. Decision Theory & Decision Trees (10.5 Hours)

(a) Introduction to Decision-Making Process (0.5 Hour)

(b) Single Stages Decision-Making Problems (1.5 Hour)

(c) Developing Pay-off & Regret tables (3 Hours)

(d) Decision Rules using Criteria (1.5 Hour)

(e) Multi-stage decision making problems-Decision Trees (4 Hours)

UNIT- II

2. Theory of Games (7.5 Hours)

(a) Introduction-concept of Strategy (0.5 Hour)

(b) Game Models (1 Hour)

(c) Two person zero – sum games (2 Hours)

(d) Solution of Games – Algebric Method – 2x2 and 3x3 Matrix (2 Hours)

(e) Dominance rule (1.5 Hour)

(f) Limitation of Game Theory (0.5 Hour)

QUIZ: It covers from Unit no 1 & 2 of the syllabus.

Page 1 of 3
UNIT- III

3. Linear Programing (10.5 Hours)

(a) Introduction to linear programming and its application in business. (2.5 Hours)

(b) Formulation of Linear Programing Problem (3 Hours)

(c) General statement of Linear Programming problems (1 Hours)

(d) Assumptions underlying linear programming (1 Hours)

(e) Solution of linear programming problem-Graphics method (3 Hours)

CLASS TEST: It covers from Unit no 1 to 3 of the syllabus.

UNIT- IV

4. Assignment Problem & Transportation Problem (12 Hours)

(a) Introduction to Assignment Problem (0.5 Hours)

(b) Complete enumeration method (0.5 Hours)

(c) Hungarian Assignment Method (HAM) (1 Hours)

(d) Some special cases (1 Hours)

(e) Unbalanced assignment problem (1 Hours)

(f) Constrained assignment problem (1 Hours)

(g) Unique v/s multiple optimal solutions (2 Hours)

(i) Maximization case (0.5 Hours)

(j) Introduction to transportation problem (0.5 Hours)

(k) Solution to transportation problem – NWCR, LCM and VAM (2.5 Hours)

(m) Testing the optimality using MODI Method and Improving the
solution by tracing a closed loop (1.5 Hours)

CASE STUDY PRESENTATION / QUIZ: It covers from Unit no 1 to 4 of the syllabus.

UNIT - V

5. Queuing Theory (4.5 Hours)

Page 2 of 3
 (a) Introduction Queuing Theory (0.5 Hours)

(b) General structure of a queuing system (0.5 Hours)

(c) Operating characteristics of queuing system (1 Hours)

(d) Queuing Models (Probabilistic)

(Poisson – exponential, single server model-infinite population) (1.5 Hour)

(e) Cost Analysis (1 Hours)

END-TERM EXAMINATIONS: It covers from Unit no 1 to 5 of the syllabus.

Total (45 Hours)

Text Book:

1. Quantitative Techniques in management, Dr. N.D. Vohra, Mcgraw Hill Publication,

Latest Edition, ISBN: 978-93-5260-626-9.

Reference Books

1. Operations Research Theory and Applications, J.K Sharma – 5th Edition – 2013
MacMillan Publishers India Ltd; ISBN: 978-9350-59336-3

2. Problems in Operations Research – Principles and Solutions, Er. Prem Kumar Gupta /
Dr. D.S Hira S.chand Company Pvt Ltd 4th edition 2015, ISBN: 978-81-219-0968-6

3. Quantitative Techniques for Management, Render & stair – first impression – 2013
Pearson Publications.

4. Introduction to Operations Research (9 e) Hillier, Libermann, Nag & Basu, Tata

McGraw Hill Ltd. – 9th edition – 2012, ISBN: 978-0-07-133346-7.

5. Operations Research R. Panneer Selram – 2nd edition, Prentice Hall of India – 2007
ISBN:-978-81-203-2928-7.

6. Quantitative Techniques, K. Shridhara Bhat – 1st edition Himalaya Publishing House

2011, ISBN: 978-93-5051-043-8

Page 3 of 3