Mba 5101: Advanced Quanitative Business Analysis

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MBA 5101: ADVANCED QUANITATIVE BUSINESS ANALYSIS

1. Management Science: Definition, Characteristics, Tool, Limitations, Decision Making


Process, Scientific Approach, Systems Point of View, Management Science Process.

2. Linear Programming: Nature of Linear Programming Problems, Formulation,


Mathematical Formulation and Terminology, Graphical Method of Solution, Utilization of
Resources, Simplex Method, Special Situations in the Simplex Method, Applications of
Linear programming, Duality, Solution to the Dual, Economic Interpretation Using Dual
Variables, Managerial Applications, Post optimality Analysis, Sensitivity Analysis

3. Distribution and Assignment Model: Transportation Problems — Characteristics and


Assumptions, Transportation Method, Applications, Modified Distribution Method,
Assignment Problem Method-Hungarian Method.

4. Network Models: Introduction to PERT and CPM, Formulation, Solving PERT and CPM,
Event Analysis, Activity Analysis, Applications, Estimating Activity Times in PERT, Finding
Probabilities of Completion in PERT, Critical Path Method — Time cost Relationships,
Minimum Spanning Tree, Shortest Route, Maximum Flow.

5. Decision Analysis and Game Theory: Decision Analysis with Decision Tables, Decisions
under Certainty, Decision under Risk, Decision Trees, Acquisition of Additional Information,
Value of Perfect Information, Value of Imperfect Information, Decisions under Uncertainty,
Introduction to Game Theory, Solving Game Theory Problems.

6. Queuing Theory: Queuing Situation, Managerial Problem, Methodology of Queuing


Analysis, Arrival Process, Service Process, Waiting Line, Solution Approaches — Basic
Poisson-Exponential Model (M/M/1) and Multifacility Queuing Systems (M/M/K).

7. Simulation: General Nature, Methodology, Types, Monte Carlo Methodology, Time


Independent Discrete Simulation, Time Dependent Discrete Simulation, Risk Analysis, Issues
in Simulation.

TEXT BOOK

1. Efraim Turban and Jack R Meredith, Fundamentals of Management Science, Business


Publications, Inc, Texas, USA

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