Course Outline

Code Course Level Credit Unit Contact Hour Prerequisite Lecturer : : : : : : : QMT425 Quantitative Techniques/Quantitative Business Analysis Bachelor of Business Administration 3 4 None

Course Outcomes Upon completing this course the students should !e a!le to: C"# $ %escri!e and e&plain the concepts and the role of 'uantitative methods in the decision$ma(ing process) C"* $ Appl+ the quantitative techniques in pro!lem solving) C"3 , A!ilit+ to interpret the results and ma(e a good decision) Course Description -his course covers a num!er of quantitative methods including %ecision Anal+sis Linear Programming -ransportation Assignment Pro.ect /cheduling: Critical Path 0ethod 1CP02 Program 3valuation 4evie5 -echnique 1P34-2 6nventor+ Control and /imulation models) 6n addition this course e&plains ho5 the methods 5or( and ho5 the+ can !e applied and interpreted !+ the decision$ma(er) -he emphasis is on application of the methods rather than pure mathematics per sa+) Teaching Metho ology : A com!ination of an+ of the follo5ing methods: Lectures -utorials 7inal e&amination Course5or( : 89:

Assessment

: 49: * -ests $ *; : * 'ui<<es $ ;: ; Assignments $ #9:

!ecommen e Te"t Lau -) =) Quantitative Business Analysis for UiTM *nd edition "&ford 7a.ar Ba(ti *9#*) !e#erences #) 4ender) B) 4) 0) /tair >r) Quantitative Analysis for Management ?th edition Ne5 >erse+ Prentice Hall 6nc) *998) *) %avid 4) Anderson %ennis >) /5eene+ and -homas A) @illiams An Introduction to Management Sciences #9th edition /outh$@estern College Pu!lishing *993) 3) Bo!!+ /rinivasan A C)L) /and!lom Quantitative Analysis for Business Decision 0cBra5 Hill #?C?) 4) Bonini C)P) @)H) Hausman H) Bierman >r) Quantitative Analysis for Management ?th edition Chicago 6r5in 10cBra5 Hill2 #??D) ;) Lee 0oore -a+lor Management Sciences All+n and Bacon #??9) 8) 4ichard 6) Levin %avid /) 4u!in >oel P) /tinson Quantitative Approaches to Management, 0cBra5 Hill #?C?) D) Luce+ -) 'uantitative -echniques An Instructional Manual 3rd edition London %P Pu!lication #?CC)

$che ule o# %ectures

&ee' Date Topic !emar'

Topic () *ntro uction to Quantitative Analysis Topic 2) Decision Theory -he structure of decision -+pes of decision ma(ing environments %ecision ma(ing under uncertaint+ o 0a&ima& o 0a&imin o 3quall+ li(el+ 1Laplace2 o Criterion of 4ealism 1Hur5ic<2 o 0inima& %ecision ma(ing under ris( o 3&pected monetar+ value 130F2 o 3&pected opportunit+ loss 13"L2 o 3&pected value of perfect information 13FP62 %ecision tree o /olving multi$stage decision ma(ing pro!lem using tree diagram o 4evised pro!a!ilities 3&pected value of sample information 13F/62 Topic + ) %inear ,rogramming -%,. 4equirement of a LP pro!lem 7ormulating LP pro!lem Braphical solution to a LP pro!lem 1t5o$varia!le2 o /olving ma&imi<ation pro!lems 1iso$profit line method corner point method2 o /olving minimi<ation pro!lems 1iso$cost line method corner point method2 o /pecial cases in LP /imple& method o Ho5 to set up an initial simple& ta!leau 1ma&imi<ation and minimi<ation2 o /imple& solution 1solving ma&imi<ation pro!lems onl+2 o 6nterpretation of optimal simple& ta!leau Brea' o /pecial cases in LP o /ensitivit+ anal+sis ,shado5 prices -he dual in LP o %ual$primal relationships o 7ormulating the dual from the primal and vice versa o "!taining the dualGs optimal solution from the primalGs optimal ta!leau and vice versa o 6nterpretation of the dual Topic 4) Transportation an Assignment Mo els -ransportation model o 0inimi<ation pro!lems /etting up a transportation ta!le %eveloping a starting solution 1north5est corner methodE least cost methodE FA02 7inding an optimal solution 10"%6 methodE stepping$stone method2 Un!alanced transportation pro!lems

?E?$#3E?

#8E?$*9E?

*3E?$*DE?

'ui< # %ecision ma(ing under uncertaint+

39E?$4E#9 4

Assignment # $ %ecision -heor+

-est #

DE#9$##E#9

#4E#9$#CE#9

*#E#9$*;E#9

Assignment * , Linear Programming

*CE#9$#E##

&ee' C

Date 4E##$CE##

Topic

!emar'

##E##$#;E##

#9

#CE##$**E##

##

*;E##$*?E##

#*

*E#*$8E#*

%egenerac+ Alternative optional solutions o 0a&imi<ation pro!lems Assignment model o Approach of the assignment model o Un!alanced assignment pro!lems o 0inimi<ation and ma&imi<ation pro!lems Topic 5) *nventory Mo el 6mportance of inventor+ control -he inventor+ decisions -he economic order quantit+ 13"'2 model the reorder point Production run modelE economic !atch quantit+ 13B'2 model) 'uantit+ discounts model Topic /) ,ro0ect $che uling 1 ,2!T/C,M -he frame5or( of P34-ECP0 anal+sis Net5or( diagram and critical path method 1CP02 -otal and free slac(s P34- anal+sis Pro.ect crashing
Pro.ect crashing Topic 3) $imulation -he simulation process Advantages and disadvantages of simulation 0onte Carlo simulation o /imulation model for an inventor+ polic+ o /imulation model for a queuing pro!lem o "ther applications

'ui< * , LP using /imple& 0ethod

Assignment 3 , -ransportation Pro!lems

Assignment 4 , Assignment Pro!lems

-est *

#3

Assignment ; , 6nventor+ 0odel

?E#*$#3E#*

#4

#8E#*$*9E#*

!evie4
!evision &ee' 2"amination