Quantitative

Techniques
For Semester
Business Decisions

Subject
Code

15P1MBA05

Specializati
on

NA

Type

Fundamental

L:T:P:C

3:0:1:4

Subject
Title

Objectives
1. To understand the role of quantitative techniques in managerial decision making
2. To understand process of decision problem formulation
3. To understand application of various quantitative techniques in managerial settings
Uni
t

Syllabus Contents

Statistics
Collection of Data: Primary Data and Secondary Data, Presentation of Data Classification and Tabulation of Data: Meaning, Objectives, Types of
Classification: Geographical, Chronological, Qualitative and Quantitative. 12
Discrete and Continuous Frequency Distribution. Tabulation: Rule, Parts,
Types. Diagrammatic and Graphic Presentation: Types of Diagrams and
Graphs.

II

Introduction to Operations Research (only theory)

Basics of O.R Definition of O.R Characteristics of O.R Scientific methods in O.R Necessary of O.R in Industry O.R 12
and Decision Making Scope of O.R in Modern Management
Uses and limitations of O.R.

III

Linear Programming
General Concepts, Definitions, Assumptions in LP, Limitations in LP,
Applications of LP, Formulation of LP Problems, Solution Methods: 12
Graphical method (maximization, minimization), Simplex method
(maximization, minimization)

IV

Transportation Problems & Assignment Model

Number of
Sessions

12

General Concepts, Definitions, Solution Methods: North West Corner Rule

(NWCR), Least Cost Rule (LCR), Vogels Approximation Method (VAM),
Stepping Stone Method (SSM), Modified Distribution method (MODI). The
Assignment Problems Assignment algorithm optimum solutions
Unbalanced Assignment Problems..

PERT and CPM

Introduction, Definitions, Terminology, Types of Networks- CPM: Critical
Path Method PERT: Programme Evaluation Review Technique. Drawing a
12
network, Network Calculations, Deterministic model: CPM Probabilistic
model: PERT Critical Path, Float / Slack, Significance of floats, Types of
floats (Total Float (TF) , Free Float (FF), Independent Float (IF).
Distribution of marks will be 40% theory and 60% problems in semester
examinations

Learning Resources

Text Books

Reference
Books

1. Statistics for Management, Richard I. Levin & Rubin,

Pearson Education
2. Operations Research Theory & Applications, J K Sharma,
5th edition, Macmillan publishers, 2013
1. Quantitative Analysis for Management, Render and Stair, TMH
2. Quantitative Business Analysis - Text & Cases, Samul Bodiley
3. Quantitative Methods in Business, Anderson , Thomson Learning.
4. Business Statistics, S.P. Gupta & M.P. Gupta, Sultan Chand and Sons.
5. Quantitative Methods, N D Vohra, 4th Edition, Tata McGraw Hill, 2010
6. Fundamentals of Statistics, S.C Gupta, 6th edition, Himalaya Publishing

House, 2007,
7. Quantitative Methods for Business, Anderson, Sweeney
and Williams, Thomson, 2005
8. Fundamentals of Statistics, S.C Gupta, 6th edition,
Himalaya Publishing House, 2007,
1. http://www.orsi.in/

Web Sites /
Links

2.

http://www.statisticalassociates.com

3.

http://www.ats.ucla.edu/stat/dae/

4.

http://home.ubalt.edu/ntsbarsh/Business-stat/stat-data/Topics.htm

5.

http://vassarstats.net/

6.

http://statpages.org/

7.

http://quantpsy.org/

8.

http://www.ats.ucla.edu/stat/

9.

http://www.ats.ucla.edu/stat/otherresources.htm