Quantitative Methods for Decision Making Professor: Daniel Serra (
[email protected]) Objetives: The aim of this course is to introduce students to the use of quantitative tools for decision making in complex management situations. Practical and real cases will be examined. Spreadsheets and other software will be used to solve the problems. No previous mathematical skills are required for the course. 1. Review of Linear Programming: Structure of the problem. Mathematical conditions. Objectives and constraints. Examples of formulations: human resources problems, capacity problems, transportation problems. Solver and other softwares. 2. Integer programming: problem formulation. The branch and bound procedure. The knap-sack problem. Assignment problems. Location problems. 3 Multiobjective programming: objective space. Efficiency in solutions. The weighting method and constraint methods. Case studies. Goal programming. 4 Other topics in optimization: Stochastic programming, non-linear programming. 5. Queuing theory and modelling: Conditions. Single servers. Multiple servers. Simulations. 6. Project management: PERT and CPM. PERT/COST. 7. Applications in logistics and operations. BIBLIOGRAPHY Quantitative Analysis for Management with CD (9th Edition) Barry Render , Ralph M. Stair , Michael E. Hanna • Hardcover: 752 pages • Publisher: Prentice Hall; 9 edition (February 2, 2005) • Language: English • ISBN-10: 0131857029 • ISBN-13: 978-0131857025 Management Science: The Art of Modeling with Spreadsheets Stephen G. Powell , Kenneth R. Baker • Hardcover: 528 pages • Publisher: Wiley; 2 Har/Cdr edition (January 16, 2007) • Language: English • ISBN-10: 0470038403 • ISBN-13: 978-0470038406 Quantitative Analysis For Management Charles P. Bonini , Warren Hausman , Harold Bierman • Hardcover: 552 pages • Publisher: McGraw-Hill/Irwin; 9 edition (January 1, 1997) • Language: English • ISBN-10: 0256140219 • ISBN-13: 978-0256140217 Quantitative Methods for Decision Makers (4th Edition) Mik Wisniewski • Paperback: 616 pages • Publisher: Prentice Hall; 4 edition (February 27, 2006) • Language: English • ISBN-10: 0273687891 • ISBN-13: 978-0273687894 Quantitative Business Modeling Jack R. Meredith , Scott M. Shafer , Efraim Turban • Hardcover: 496 pages • Publisher: South-Western College Pub; 1 edition (October 8, 2001) • Language: English • ISBN-10: 032401600X • ISBN-13: 978-0324016000 An Introduction to Management Science: A Quantitative Approach to Decision Making (with CD-ROM and Crystal Ball Pro Printed Access Card) (Introduction to Management Science) David R. Anderson , Dennis J. Sweeney , Thomas A. Williams , R. Kipp Martin • Publisher: South-Western College Pub; 12 edition (April 19, 2007) • Language: English • ISBN-10: 0324399804 • ISBN-13: 978-0324399806 Spreadsheet Modeling and Decision Analysis (with CD-ROM and Microsoft Project 2003 120 day version) Cliff Ragsdale • Hardcover: 820 pages • Publisher: South-Western College Pub; 5 edition (May 3, 2006) • Language: English • ISBN-10: 0324312563 • ISBN-13: 978-0324312560 Quantitative Techniques T Lucey • Paperback: 558 pages • Publisher: Int. Cengage Business Press; 6 edition (September 12, 2002) • Language: English • ISBN-10: 1844801063 • ISBN-13: 978-1844801060 Quantitative Methods: A Short Course Jon Curwin , Roger Slater • Paperback: 352 pages • Publisher: Int. Cengage Business Press; 1 edition (March 4, 2004) • Language: English • ISBN-10: 1861529910 • ISBN-13: 978-1861529916 Study Guide to accompany Introduction to Management Science: Quantitative Approaches to Decision Making David R. Anderson , Dennis J. Sweeney , Thomas A. Williams • Paperback: 512 pages • Publisher: South-Western College Pub; 11 edition (March 22, 2004) • Language: English • ISBN-10: 0324222920 • ISBN-13: 978-0324222920