Introduction to Management Science: POMG-2711

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Introduction & Course Goals

This course presents quantitative methods necessary for decision making in business.  Topics covered are:  an introduction to linear programming (formulation; graphical solution, computer software for optimization, optimal solution and sensitivity analysis), extensions to goal programming and integer programming, specialized linear programming models of assignment, transportation, transshipment, decision theory (decision tree, expected value and utility, value function), theory of waiting lines and their economic analysis, and an introduction to computer simulation.  Computers will be used to obtain solutions for these problems.  Formulation and analysis of business applications will be emphasized.

Specific Objectives

• Introduce students to the different decision making tools that will help them in solving real word business problems.
• By the end of the course students will be able to formulate and solve business problems using computer packages
• Build skills in modeling/solving real world problems through cases.

Prerequisites: Math-1102, Math-1063, Stat-1811

Course Material:

Anderson, D.R., Sweeney, D.J. & Williams, T.A., An Introduction to Management Science: Quantitative approaches to Decision Making, 9th ed., West Publishing Co. 2000.

Content (Tentative Schedule)

• Introduction (Chap 01)
• Introduction to Linear Programming (Chap 02)
• Exam 1
• Sensitivity analysis (Chap  03)
• Linear Programming Applications (Chap 04)
• Transportation, Assignment and Transshipment Models (Chap 07)
• Integer Programming (Chap 08)
• Exam 2
• Network Models (Shortest Route Problem) (Chap 09)
• Project Management PERT/CPM (Chap 10)
• Computer Simulation (Chap 13)
• Decision analysis (Chap 14)
• Waiting Lines (Chap 12)
• Final Exam

Grading Policy

Attendance Rule

• As per the university rules, If a student is absent for 6 classes or more, he / she will get WF grade in the course.
• If you miss a quiz or an exam, there will be no make up unless there is a valid excuse, like proven medical condition. In this case, a make up should be scheduled within the next 48 h.
• Missing an exam because there is another exam at the same day is not an excuse.
• For the homework, the penalty is 20% for one day late.
• Bring your own calculator and supplies to the exam. No borrowing will be allowed.
• The course instructor reserve the right to modify the syllabus in any way they may feel necessary during the semester.

Resources

Lindo

MS Excel

Management Scientist

Scheduling

See Assignments page (Follow the link)

¹ Office: 2017; e-mail: lakhals@squ.edu.om ; telephone : 515 834.

        Web Page: http://administration.umoncton.ca/lakhals/

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