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ANALYTI CAL I NSI GHT, GLOBAL LEADERS

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Quantitative Methods
MGMT 30600 Management Science
Spring 2014
Professor: Patrick Johanns
E-mail: pjohann@purdue.edu
Office: 232 Krannert Center
Office Hrs: Tuesday and Thursday: 2:00 4:00pm or by appointment
Purdue University Code of Honor
The purpose of the Purdue University academic community is to search for truth and to endeavor to communicate with
each other. Self-discipline and a sense of social obligation within each individual are necessary for the fulfillment of these
goals. It is the responsibility of all Purdue students to live by this code, not out of fear of the consequences of its
violation, but out of personal self-respect. As human beings we are obliged to conduct ourselves with high integrity. As
members of the civil community we have to conduct ourselves as responsible citizens in accordance with the rules and
regulations governing all residents of the state of Indiana and of the local community. As members of the Purdue
University community, we have the responsibility to observe all University regulations.
To foster a climate of trust and high standards of academic achievement, Purdue University is committed to cultivating
academic integrity and expects students to exhibit the highest standards of honor in their scholastic endeavors.
Academic integrity is essential to the success of Purdue Universitys mission. As members of the academic community,
our foremost interest is toward achieving noble educational goals and our foremost responsibility is to ensure that
academic honesty prevails.
Adverse Weather Conditions
The University takes into consideration local and regional weather conditions, travel conditions and decisions by local
school districts when deciding whether to delay, dismiss or cancel classes and/or routine operations for an entire campus
due to Adverse Weather Conditions. When conditions warrant, a decision to delay, dismiss, or cancel classes and/or
routine operations is coordinated with appropriate local city, county or state officials and communicated to faculty, staff
and students of the affected campus. The decision to delay, dismiss or cancel classes and/or routine operations for the
West Lafayette campus is made by the President and for each of the Regional Campuses it is made by the Chancellor.
The President and the Chancellors will each assign a designee for such purposes to act in his or her absence.


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Course Administration
Course Coordinator: Patrick Johanns
E-mail: pjohann@purdue.edu
Office: 232 Krannert Center
Office Hrs: MW: 2:00 4:00pm, T: 9:30 10:30pm or by appointment
Admin. Assistant: Julie Gable
E-mail: gablej@purdue.edu
Office: KRAN 519
Office Hrs: Daily: 7:30 am to 2:15 pm
Teaching Assistant: Andy Alexander
E-mail: alexan11@purdue.edu
Office: KRAN 446
Office Hrs: MW: 1:00 2:00pm or by appointment
Teaching Assistant: Chong Hyun Park
E-mail: chpark@purdue.edu
Office: KRAN 532
Office Hrs: Tuesday & Thursday: 11:00 am Noon or by appointment
Teaching Assistant: Didun Peng
E-mail: peng67@purdue.edu
Office: B031A-3
Office Hrs: MW: 4:00 5:00pm

Class Hours
Division 01: Johanns MW 10:30am 11:45am RAWLS 1062
Division 02: Johanns MW 12:00pm 1:15am RAWLS 1062
Division 03: Johanns MW 1:30pm 2:45am RAWLS 1062
Division 04: Alexander MW 3:00pm 4:15pm RAWLS 1062
Division 05: Chong MW 4:30pm 5:45pm RAWLS 1062
Course Webpage
http://katalyst.mgmt.purdue.edu/
Course Corequisite
MGMT 30500: Business Statistics
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Textbook
Management Science with Spreadsheet Modeling 3
rd
Edition Revised Printing, by Patrick Johanns, Kendall/Hunt
Publishing Company, ISBN 978-0-7575-9745-9, 2012.


M306
M306
M306
M306
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Course Overview
The field of management science focuses on quantitative methods that aid in making effective decisions in a business
environment.
You will formulate, solve, and interpret optimization models from various applications areas in management including
operations, marketing, accounting and finance.
Insights gained from the mathematical modeling and solution process will be discussed and analyzed.
Results will be examined in the context of the decision problem and revision of the model will be proposed and analyzed.
Primary emphasis will be placed on formulating decision problems as optimization or simulation models and solving
them in Excel using add-ons (Solver, @RISK, and PrecisionTree.) This course will require the use of personal computers
and spreadsheet-based decision tool software.

Course Objectives
Objective 1: To acquaint you with mathematical spreadsheet modeling techniques and solution methods which
often serve as an aid to managerial decision-making.
Objective 2: To develop your expertise in using and solving management science problems with the help of
personal computer and decision tool software.
Objective 3: To give you experience in analyzing results and making decisions through assigned homework
exercises and performing case analysis in class.

Your Role in the Course
Class participation is crucial for learning the course content and for keeping in pace with the class progress.
1) You should be prepared for each class and should try to contribute to class discussions. Active and cooperative
learning will be encouraged. During the lecture, you are expected to answer/raise questions, and participate in
small-group activities such as modeling and solving problems, and interpreting solutions.
2) You should read the assigned sections from the textbook and any other course material that is posted on
Katalyst.
3) Attendance will be taken and will constitute part of your participation grade.
4) Your cell phone should be put away for the entire class. Texting during class is a distraction to others and can
result in a loss of class participation points.
BoilerCast
MGMT 306 will be using BoilerCast this semester. Section 2 (12:00-1:15pm) class will be recorded. Details to follow.
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Computer Lab Sessions
A major intent of this course is to give you the skills to create spreadsheet models of business problems and use
software to find good solutions to those problems. To help achieve this end, we will have four computer lab sessions
this term where we will guide you through hands-on sessions. The skills developed during these sessions will be
valuable when doing the homework, during the exams, and in jobs after you graduate. We will break the class down
into two groups on lab days in order to give you more individualized attention. Before each lab, we will let you know
which lab room you have been assigned.
Homework Assignments
You will apply the concepts, theory and methods learnt in class to a variety of problems. You will formulate, solve and
analyze models with the help of the Excel tools and other Software. Most of the assignments will be taken from the
textbook. Homework assignments must be prepared individually or in a group of two students. Only one report
must be submitted for the group.
1) All assignments should be prepared professionally. Every assignment must include your and your partners
names and section time ON THE TOP RIGHT CORNER of each page. The pages in your book are designed so
you can remove problems from them and hand them in. Computer results should be neatly displayed.
Unorganized, illegible, or incomplete assignments will not be graded.
2) Due dates for homework are specified on the course. Homework assignments should be turned in by 2:00 pm
SHARP on the due date to Julie in 519 Krannert unless otherwise indicated. They will be posted one week
prior to their due date on Katalyst. Late assignments will not be accepted.
3) Homework solutions will be posted on the course web page by the following day that they are collected. It will
be helpful to read through the solutions before the upcoming quiz.
4) The lowest homework grade will be dropped.
Quizzes
Short, 15-minute quizzes will be given periodically throughout the semester typically in the class following the
homework. Quiz dates are listed on the course calendar.
1) The quiz will be based on the material covered in the previous homework and will mostly emphasize recently
discussed material.
2) Quizzes will be closed book and notes. Each student will be allowed a single sheet (8.5 x 11, double sided) of
notes for each quiz. Auxiliary tables and formulas will only be included if required.
3) No make-up quizzes will be given unless deemed necessary and must be agreed by instructor in advance.
4) Quiz solution will be posted on the course calendar by the following day.
5) The lowest quiz grade will be dropped. This policy is adopted in case you have a job interview, illness, or other
situation that might prevent you from attending class.

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Examinations
Two evening exams and a final exam will be administered as scheduled in the course outline. Examinations will be closed
book and notes.
1) Each student will be allowed a single 8.5 x 11 sheet written on both sides of crib notes for the evening
examinations.
2) The final exam is comprehensive. Three sheets of crib notes will be allowed for the final exam.
3) No make-up exams will be given unless required by Purdue University policies. Students who are eligible for a
make-up exam or need extra time must contact the instructor at least one week prior to the exam date.
Course Integrity
We expect and encourage students to discuss readings, computer exercises, homework exercises, and other course
content with their classmates. Such discussions constitute a valuable aspect of the student's own learning experience.
However, all work counted towards the students grade must be prepared/answered solely by the individual student
or the group members submitting it. Photocopied homework solutions will not be accepted.
Cheating on homework, quizzes, or evening exams will result in a score of 0 on that assessment. Cheating on the final
will result in an F for the course. Students are strongly recommended to read the academic integrity guide published
by the Office of the Dean of Students at http://www.purdue.edu/ODOS/osrr/integrity.htm.
Grading System
This course follows Krannerts guidelines for upper-level undergraduate core classes and uses plus/minus grades. At
the end of the term your weighted points will be totaled and your class percentile calculated. Grades will be allocated
as follows:
Grade Percentile needed
A 75
th

A- 70
th

B+ 65
th

B 40
th

B- 35
th

C+ 30
th

C 10
th

C- and below Instructors judgment will be used for the cut offs for grades below a C-.
Elements of your coursework will be weighted as follows to evaluate your performance in MGMT 30600:
Class attendance and participation 8%
Homework assignments 15%
In-class quizzes 12%
Evening examinations 40%
Final examination 25%

In the event of a major campus emergency, course requirements, deadlines and grading percentages are subject to
changes that may be necessitated by a revised semester calendar or other circumstances. Information will be
provided through Katalyst and emails, or you may contact your instructor by email or phone.
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MGMT 306 Spring 14 Tentative Class Calendar


Week
Date Class Topic/Activity Reading
Due
1 13-Jan 1 Course Introduction, Linear Programming
Models
Chpt. 1
15-Jan 2 Graphical Solution Methods Chpt. 3
20-Jan 3 MLK Day - no class

2 22-Jan 4 Lab Session I: Computer Solution of LPs -
Hamp 3144 & Krannert Lab 1 & Lab 2
Chpt. 2 &
3

27-Jan
5
Linear Programming Sensitivity Analysis Chpt. 3
3 29-Jan 6 Sensitivity Analysis with Computer Output Chpt. 4 HW 1
4 3-Feb 7 Linear Programming Applications: Product-
Mix, Marketing Research
Chpt. 4 Quiz 1
5-Feb 8 Linear Programming Applications: Multi-
period Production-and-Inventory
Management
Chpt. 4
5 10-Feb 9 Nonlinear Optimization Models, Solution
and Applications; Pricing Models, Portfolio
Optimization Model
Chapt. 5

12-Feb 10 Lab Session II: Computer Modeling of NLPs
- Hamp 3144 & Krannert Lab 1 & Lab 2
Chapt. 5
6 17-Feb 11 Optimization Models with Integer
Variables: Capital Budgeting, Fixed-cost
Models
Chpt. 6 HW 2

19-Feb
12 Review for Exam 1

Quiz 2
20-Feb

Evening Exam 6:30 - 7:30 PM
LILY G126, MTHW 210, SMTH 108
Exam 1
7 24-Feb 13 Optimization Models with Integer
Variables: Vehicle Routing, Workforce
Scheduling
Chpt. 6
26-Feb 14 Integer Programming Application: Airline
Hub Location-Service Model, Personnel
Assignment Model
Chpt. 6

8 3-Mar 15 Monte Carlo Simulation; Simulation
Modeling with Excel Tools and @RISK
Chpt. 7

5-Mar 16 Lab Session III: Simulation Modeling -
Hamp 3144 & Krannert Lab 1 & Lab 2
Chpt. 7 HW 3
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9 10-Mar
17
Simulation Modeling and Applications: Bidding
for Contract, Investing for Retirement
Chpt. 7
Quiz 3
12-Mar 18 Simulation and Analysis Chpt. 7

17-Mar
No Class - Spring Break
10 19-Mar
24-Mar 19
No Class due in compensation for Exam 1
HW 4
11 26-Mar 20 Review for Exam 2 Quiz 4
27-Mar Evening Exam 6:30 - 7:30 PM
PHYS 112 & PHYS 114

Exam 2
12 31-Mar 21 Project Management: Critical Path
Method, Application in Software
Development Project
Chpt. 8

2-Apr 22 Project Management: Project Evaluation
and Review Technique (PERT)
Chpt. 8
13 7-Apr 23 Project Management: Applications of
PERT, Time-cost Trade-offs
Chpt. 8
9-Apr 24 Decision Analysis: Pay-off Table, Decision
Tree, Optimistic and Pessimistic
Approaches
Chpt. 9
14 14-Apr 25 Decision Analysis: Min-max Regret
Approaches, Expected Value Approach,
Expected Value of Perfect Information
Chpt. 9 HW 5
16-Apr 26
Lab Session IV: Decision Analysis using
PrecisionTree - Hamp 3144 & Krannert Lab 1 &
Lab 2
Chpt. 9
15 21-Apr
27
Multi-criteria Decision Models: Efficient
Frontier, Efficient Solutions for Investment
Chpt. 10
Quiz 5
23-Apr 28 Multi-criteria Decision Models and
Solution: Goal Programming, Computer
Production Planning
Chpt. 10
16 28-Apr 29 No Class due in compensation for Exam 2 HW 6
30-Apr 30 Review for Final Exam

Finals
Week
May 5-
10

Final Exam Time and Location to be
announced

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