B.Sc.in Management and Information Technology (Interim)

BACHELOR OF SCIENCE IN MANAGEMENT AND INFORMATION TECHNOLOGY

IMMG 44054

Quantitative Techniques in Decision Making

Status :  Elective Pre-requisite : IMMG 12043 and IMMG 22043 Co-requisite :None

 

On completion of this course, the student should be able to:

  • Identify and analyze business problems and formulate decision problems as mathematical programmes
  • Assess the main issues in a situation and choose an appropriate approach to tackling them
  • Use the concepts discussed to analyze different types of business problems
  • Select the appropriate technique and develop solutions to assist managerial decision making
  • Use the right software to solve complicated problems.

Reliability Theory. Stochastic process. Integer programming. Non-linear programming. Simulation of management systems. Advanced queuing theory.
Lectures, Interactive classroom sessions, case discussions, tutorials, and applications of OR software..
End-of-semester examination, practical tests, group tests, and in-class assessments.

  1. Winston, W. L., “Operations Research Applications and Algorithms”, 2001.
  2. Anderson, D. R., Williams, T. A., and Sweeney S. J., “An Introduction to Management Science: Quantitative Approaches to Decision Making”, 12th Edition, South Western Pub.
  3. Hamady A. Taha, “Operations Research in Introduction”, 8th Edition, Prentice Hall, 2006.
  4. Fedrick F. Hiller. “Introduction to operations research”, 8th edition, 2004, McGraw-Hill Professional.

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