Quantitative Methods Alagappa University

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I am providing you the syllabus of Quantitative Methods of MBA of Alagappa University

Alagappa University MBA Quantitative Methods syllabus

Paper 4.1.4: QUANTITATIVE METHODS

UNIT 1

Basic Mathematical Concepts: Name of quantitative analysis in the practice of management Problem definition Models and their development Concept of trade off Notion of constants Variables and function Linear and Non-linear Simple examples.
Graphical representation of functions and their application Concepts of slope and its relevance Plotting graphs of functions.

Use of functional relationships to understand elasticity of demands. Productive function Costs of operating a system Measuring the level of activity of a system in terms of volume Value and other parameters Relationship between costs and level of activity Costs and profits Relevance of marginal average and total costs. Importance of relevant costs for decision-making Break-even analysis and its uses.

UNIT 2

Introduction to the linear programming Concepts of optimisation Formulation of different types of linear programming Duality and sensitivity analysis for decision-making.

UNIT 3

Solving LP using graphical and simplex method (only simple problems) Interpreting the solution for decision-making Other types of linear programming Transportation Formulation and solving methods.

UNIT 4

Introduction to the notion of probability Concept of events Probability of events Joint, conditional and marginal probabilities.

UNIT 5

Introduction to simulation as an aid to decision-making. Illustration through simple examples of discrete event simulation. Emphasis to be on identifying system parameter, variables, measures of performance etc.

UNIT 6

Introduction to Decision Theory: Pay-off and Loss tables Expected value of pay-off Expected value of Perfect Formation Decision Tree approach to choose optimal course of action Criteria for decision Mini-max, Maxi-max, Minimising Maximal Regret and their applications.

REFERENCES :

1. Sharma, Operations Research: Theory and Applications.
2. Handly A Taha, Operations Research: An Introduction.
3. P.K. Gupta an D.S. Hira, Operations Research.
4. U.K. Srivastava, Gr. Shenoy, S.C. Sharma, Quantitative Techniques for Managerial Decision-making.
5. N.D. Vohra, Quantitative Techniques in Management.
6. V.K. Kapoor, Operations Research.
7. Dharani Venkatakrishnan, Operations Research: Principles and Problems.

Contact-

Alagappa University
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04565 223 100