Hamdard University Bangladesh
Quantitative analysis
Course Code: MGT 327
Credit Hour: 3
Course Group: Specialization Course: Management
Introduction to quantitative analysis: what is quantitative analysis? The quantitative analysis approach, how to develop a quantitative analysis model, possible problem in quantitative analysis approach.
Game theory: introduction, language of game theory, the MINIMAX criterion, pure strategy game, mixed strategy game.
Forecasting: types of forecast, scatter diagrams, measures of forecast accuracy, time series forecasting modes, causal forecasting model.
Linear programming models: requirement of linear programming problem, formulating LP problems, graphical solution to LP problem.
Linear programming: the simplex method: how to set up the initial Simplex solution, simplex solution procedure, And solving minimization problems, review the procedure for solving minimization problem.
Transportation and assignment model: setting a transportation problem, developing in initial solution, finding a least cost solution, MODI method.
Waiting lines and queuing theory models: waiting line costs, characteristics of a queuing system, single channels queuing model with passion arrival and exponential service time.
Markov analysis: states and states probabilities, matrix of transportation probabilities, predicting future market share, Markov analysis of machine operation.
Recommended Books:
Ralph M. Stair Jr. and Michael E. Hanna Barry Render, Quantitative analysis for management.