Quantitative Techniques for Business Decisions Practical

Paper Code: 
CBBA 502
Credits: 
2
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

Course Objectives:

  • Develop linear programming (LP) models for shortest path, maximum flow, minimal spanning tree, critical path, minimum cost flow, and transshipment problems.
  • Enable the students to acquire knowledge of all the statistical aspects for business decisions.
  • Learning quantitative methods of decision making methods under uncertainty and game theory. 

Course Outcomes (COs):

 

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

  
 

CO 125: Develop linear programming (LP) models for shortest path, maximum flow, minimal spanning tree, critical path, minimum cost flow, and transshipment problems.

CO 126: Use CPM and PERT techniques, to plan, schedule, and control project activities.

CO 127: Propose the best strategy using decision making methods under uncertainty and game theory.

CO 128: Determine the best choice using decision tree.

CO 129: Select the best strategy on the basis of decision criteria under the uncertainty.

Approach in teaching:

Interactive Hours, Discussion, Tutorials, Reading assignments, Demonstration

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Group tasks

 

Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects

  

 

6.00
Unit I: 
Unit I

Case Study/ Team Project/ Application Based Question and Power Point Presentation based on Linear Programming Problem

6.00
Unit II: 
Unit II

Case Study/ Team Project/ Application Based Question and Power Point Presentation based on transportation and assignment techniques

6.00
Unit III: 
Unit III

Case Study/ Team Project/ Application Based Question and Power Point Presentation based on Network Analysis

6.00
Unit IV: 
unit IV

Case Study/ Team Project/ Application Based Question and Power Point Presentation based on Decision Theory

6.00
Unit V: 
Unit V

Case Study/ Team Project/ Application Based Question and Power Point Presentation based on Game Theory

Essential Readings: 

1. Mathur, Khandelwal, Gupta, Gupta, Operational Research, Ajmera Book Company, Jaipur
2. Agarwal, N.P., and Agarwal, Sonia, Quantitative Techniques For Management, Ramesh Book Depot, Jaipur
3. Agarwal, N.P.,Operation Research, Ramesh Book Depot, Jaipur
4. Vohra, N. D., Quantitative Techniques In Management, Tata McGraw Hill, New Delhi
5. Taha, Hamady A ,Operational Research An Introduction, Prentice Hall of India, New Delhi
6. Kapoor, V. K., Operational Research, Sultan Chand & Sons, New Delhi
7. Nag, N. K., Quantitative Methods, Kalyani Publishers, Jaipur
8. Srivastava, U. K., Shenoy, G.R., and Sharma, S. C., Quantitatives techniques for Managerial Decisions, New Age International

Academic Year: 
2020-2021
  • Printer-friendly version
  • PDF version