Time Frame (Week) Course Content
(Topics)
*Orientation on:
- Classroom Policies
- Vision, Mission, Core Values, Goals and Objectives of USM and CBDEM
- Outline of the course work
I. Introduction to Quantitative Analysis
1
A. What Is Quantitative Analysis
B. Business Analytics
C. The Quantitative Analysis Approach
D. How to Develop a Quantitative Analysis
E. Possible Problems in the Quantitative Analysis Approach
II. Probability Concepts and Applications
A. Fundamental Concepts
B. Revising Probabilities with Bayes’ Theorem
C. Further Probability Revisions
D. Random Variables
E. Probability Distributions
2-3
F. Binomial Distributions
G. Normal Distribution
H. F Distribution
I. Exponential Distribution
J. Poisson Distribution
III. Decision Analysis
A. Six Steps in Decision Making
B. Types of Decision-Making Environments
C. Decision Making Under Uncertainty
4-5
D. Decision Making Under Risk
E. Decision Trees
F. How Probability Values Are Estimated by Bayesian Analysis
IV. Regression Models
A. Scatter Diagrams
B. Simple Linear Regression
C. Measuring the Fit of the Regression Model
D. Testing the Model for Significance
6-7 E. Multiple Regression Analysis
F. Binary or Dummy Variables
G. Model Building
H. Nonlinear Regression
I. Cautions and Pitfalls in Regression Analysis
V. Forecasting
A. Types of Forecasting
B. Components of Time-Series
8 C. Measures of Forecast Accuracy
D. Forecasting Models
E. Adjusting for Seasonal Variations
F. Monitoring and Controlling Forecasts
Time Frame (Week) Course Content
(Topics)
9 MIDTERM EXAMINATION
VI. Inventory Control Models
A. Importance of Inventory Control
B. Inventory Decision
C. Economic Order Quantity
D. Quantity Discount Models
E. Use of Safety Stock
10-11
F. Single-Period Inventory Models
G. ABC Analysis
H. Just-In-Time Inventory Control
I. Enterprise Resource Planning
VII. Introduction to Linear Programming
A. A Simple Maximization Problem
12-13 B. Graphical Solution Procedure
C. Extreme Points and Optimal Solution
D. A Simple Minimization Problem
E. Sensitivity analysis and Interpretation Solution
VIII. Project Management
A. PERT/CPM
14-15 B. PERT/Cost
C. Project Crashing
IX. Waiting Lines and Queuing Theory
A. Waiting Line Costs
B. Characteristics of a Queuing System
C. Single-Channel Queuing Model with Poisson Arrivals and Exponential Service
Times
16-17
D. Multichannel Queuing Model with Poisson Arrivals and Exponential Service Times
E. Constant Service Time Model
F. Finite Population Model
G. Some General Operating Characteristic Relationship
H. More Complex Queuing Models and the Use of Simulation
18 FINAL EXAMINATION
