Course Description
The stuff of management science
can seem abstract, and students sometimes have trouble perceiving the
usefulness of quantitative courses in general. Part of the problem is
that the examples used in books often do not seem realistic.
Unfortunately,
examples must be made simple to facilitate the learning process.
Larger, more complex examples reflecting actual applications would be
too complex to help the student learn the modeling technique. The
modeling techniques in this course are, in fact, used extensively in the
business world, and their use is increasing rapidly because of
information technology.
The real objective of management science is to solve the decision-making problems that confront managers by developing mathematical models of those problems
For this course, the main goal is to demonstrate solutions to various problems that managers face every single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling – this course will provide you with a hands-on approach to dealing with management science models and techniques.
There
is no mathematical programming in this course or learning complex
formulas, as we will use Microsoft Excel as an aid to solving various
common business scenarios that you encounter at the workplace.
Curriculum
Breakeven Analysis Tutorial
Conclusion
Course Agenda
Decision Making using Management Science Techniques
Introduction to Management Science
Introduction to Project Management
Linear Programming Modeling Technique
Linear Programming Tutorial: Maximizing Diet options
Linear Programming Tutorial: Minimizing Transportation Costs
Management Science Models and Techniques: Breakeven Analysis
Section 1: What Will I Learn?
Section 2: Management Science Models and Techniques
Section 3: Breakeven Analysis
Section 4: Management Science Models and Techniques: Linear Programming Technique
Section 5: Introduction to Project Management
Section 6: Decision Making using Management Science Models and Techniques
Section 7: Conclusion
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