Quantitative Applications in Management

Paper Code: 
MBA- 221
Credits: 
4.0
Contact Hours: 
40.00
Max. Marks: 
100.00
Objective: 
  • The objective of the course is to equip the student with basic quantitative tools required to perform the role as a manager.
  • To do analytical evaluation and arrive at logical conclusions & inferences to the decisions
Unit I: 
Introduction to Quantitative Techniques

Concept Model Building for Business Decisions, Matrix, Determinants, Solving Linear Equations by Using Matrices, Concepts of Differentiation.

Unit II: 
Elements of Statistics & Bivariate Data Analysis

Probability, Probability Distributions: Binomial, Poisson and Normal. Correlation and Regression

Unit III: 
Linear Programming Problem

Formulation of LPP, Simplex and Graphical Method of Problem Solution, Elementary Ideas about Duality

Unit IV: 
Decision Theory

Decision Making Under Uncertainty, Decision Making Under Risk, Bayesian Approach- Posterior Analysis, Decision Tree-Applications.

Unit V: 
Game Theory

Types of Games, Two Person Zero Sum Games, Mixed Strategy, Method of Solution

Essential Readings: 
  • Dr R. S. Khandelwal, Dr Satish Agarwal, Dr B. L. Gupta, Dr Tauseef Ahmad “Quantitative Analysis for Management”, Ajmera Book Company
  • Charles P Bonini, warren Hausman and Harold Bierman, Quantative analysis for management, Irwin/Mc Graw Hill
 
References: 
  1. Quantitative Methods for Business, Anderson Williams, 10th Edition Thopson
  2. Tulisian, Quantitative Techniques Theory and Problems, Pearson Education.
  3. Operations Research”, J. K. Sharma, McMillan India
  4. Quantitative Techniques in Management”, N. D. Vohra, Tata McGraw Hill Publication
  5. C. R. Kothari, “Quantitative Techniques”, Vikas Publishing House
  6. S. D. Sharma, Operations Research, Kedar Nath and Ram Nath & Co. Ltd.