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    Quantitative Techniques For Management: MBA First Year Paper No. 6

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    Quantitative Techniques For Management: MBA First Year Paper No. 6

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    Quantitative Techniques For Management: MBA First Year Paper No. 6

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    Quantitative Techniques for Management

    MBA First Year


    Paper No. 6

    School of Distance Education


    Bharathiar University, Coimbatore - 641 046
    Author: P N Mishra & S Jaisankar

    Copyright 2007, Bharathiar University


    All Rights Reserved

    Edited by: Dr. Subodh Kesharwani


    Produced and Printed
    by
    EXCEL BOOKS PRIVATE LIMITED
    A-45, Naraina, Phase-I,
    New Delhi-110028
    for
    SCHOOL OF DISTANCE EDUCATION
    Bharathiar University
    Coimbatore-641046
    CONTENTS

    Page No.

    Unit -I

    Lesson 1 Quantitative Techniques Introduction 7


    Lesson 2 Measures of Central Tendency 24
    Lesson 3 Mathematical Model 110
    Lesson 4 Linear Programming: Graphical Method 119
    Lesson 5 Linear Programming: Simplex Method 143

    Unit -II

    Lesson 6 Transportation Model 167


    Lesson 7 Assignment Model 209

    Unit -III

    Lesson 8 Network Model 241


    Lesson 9 Waiting Model (Queuing Theory) 272

    Unit -IV

    Lesson 10 Probability 299


    Lesson 11 Theoretical Probability Distributions 359
    Lesson 12 Probability Distribution of a Random Variable 409

    Unit-V

    Lesson 13 Inventory Model 449


    Lesson 14 Game Theory 472
    Lesson 15 Simulation 495
    QUANTITATIVE TECHNIQUES FOR MANAGEMENT

    Number of Credit Hours : 3 (Three)

    Subject Description: This course presents the various mathematical models, networking, probability,
    inventory models and simulations for managerial decisions.

    Goals: To enable the students to learn techniques of operations research and resources management
    and their application in decision making in the management.

    Objectives: On successful completion of the course the students should have:

    1. Understood the basic of the quantitative techniques.

    2. Learnt the feasible solution and optimum solution for the resource management.

    3. Learnt the time estimation and critical path for project.

    4. Learnt about the application of probability techniques in the decision making.

    5. Learnt the various inventory models and simulations in the resource planning and management.

    UNIT I

    QT Introduction Measures of Central Tendency Mean, Median, Mode.

    Mathematical Models deterministic and probabilistic simple business examples OR and


    optimization models Linear Programming formulation graphical solution simplex solution.

    UNIT II

    Transportation model Initial Basic Feasible solutions optimum solution for non degeneracy and
    degeneracy model Trans-shipment Model Assignment Model Travelling Salesmen problem.

    UNIT III

    Network Model networking CPM critical path Time estimates critical path crashing,
    Resource levelling, Resources planning. Waiting Line Model Structure of model M/M/1 for
    infinite population.

    UNIT IV

    Probability definitions addition and multiplication Rules (only statements) simple business
    application problems probability distribution expected value concept theoretical probability
    distributions Binomial, Poison and Normal Simple problems applied to business.

    UNIT V

    Inventory Models Deterministic EOQ EOQ with Price Breaks Probabilistic Inventory Models
    - Probabilistic EOQ model Game theory-zero sum games: Arithmetic and Graphical Method.

    Simulation types of simulation Monte Carlo simulation simulation problems.

    Decision Theory Pay off tables decision criteria decision trees.

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