Quantitative Techniques for Management Notes PDF Download

Quantitative Techniques for Management Notes PDF

Date: 25th Apr 2024

In these “Quantitative Techniques for Management Notes PDF”, we will study the construction of mathematical models for managerial decision situations and to use computer software packages to obtain a solution wherever applicable. The emphasis is on understanding the concepts, formulation, and interpretation.

We have provided multiple complete Quantitative Techniques for Management Notes PDF for any university student of Bachelor of Management Studies (BMS) or Master of Business Administration (MBA) to enhance more knowledge about the subject and to score better marks in the exam. Students can easily make use of all these Quantitative Techniques for Management Notes PDF by downloading them.

Topics in our Quantitative Techniques for Management Notes PDF

The topics we will cover in these Quantitative Techniques for Management Notes PDF will be taken from the following list:

Formulation of linear programming problems, graphical solutions (special cases: multiple optimal solution, infeasibility, unbounded solution); simplex method, special cases, Big-M method, and Two-phase method; Duality (emphasis on formulation and economic interpretation); Sensitivity Analysis; Formulation of Integer programming (Media Allocation Problem), Zero-one programming.

Transportation Problem: Formulation, solution by N.W. Corner Rule, least cost method, Vogel’s Approximation Method (VAM), Modified Distribution Method; Special cases: Multiple Solutions, Maximization case, unbalanced case, prohibited routes.

Assignment Problem: Hungarian Method, Special cases: Multiple Solutions, Maximization case, Unbalanced case, Restrictions on assignment.

Basic Concept, construction of the network diagram, critical path analysis, float, and slack analysis viz., Total float, free float, independent float, probability consideration in program evaluation and review technique (PERT), time-cost optimization in Project.

Decision-making environment, Construction of Pay off Table, Opportunity Loss Table, Decision under uncertainty, Decision under Risk: expected monetary value (EMV), expected opportunity loss (EOL), Expected Value of Perfect Information (EVPI).

Markov Chains: Markov Process, total productive maintenance (TPM), Predicting Future Market Shares, Equilibrium Conditions, Limiting probabilities, Chapman Kolmogrov equation.

Decision under Conflict: Game Theory, Two-person Zero-Sum games, Maximin-Minimax Principle, Games without Saddle point- Mixed strategy, Dominance Rule; Reduction of m x n game and solution of 2×2, 2 x s, and r x 2 cases by Graphical Method, Simulation: Concept, Monte Carlo Simulation.

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Quantitative Techniques for Management Reference Books List

We have listed the best Quantitative Techniques for Management Reference Books that can help in your Quantitative Techniques for Management exam preparation: 

• N. D. Vohra. Quantitative Management. Tata McGraw Hill.
• Hamdy A Taha. Operations Research: An Introduction
• F.S. Hiller, G.J. Liebermann. Introduction to Operations Research

Management Notes PDF