BADM 710 STATISTICS & QM FOR DECISION-MAKERS
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DR. STEPHEN JAY SILVER |
CLASS: Wed. |
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OFFICE: Bond 358 |
E-MAIL: silvers@citadel.edu |
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PHONE: 953-5163 |
HOME: 766-9943 |
COURSE DESCRIPTION:
This course is designed to provide
students with knowledge of analytical tools and concepts used in making optimal
decisions in the pursuit of organizational goals including cost efficiency,
service delivery, and profit. Analytical
concepts include probability theory, statistics, and utility theory. Analytical
tools include linear models, linear programming, network models, queuing
models, statistical process control methods,
and project management techniques.
COURSE OBJECTIVES:
The general objective of the course is
to develop and enhance the student's problem-solving and decision-making
capabilities in an operational environment. Specifically, when confronted with
a management problem, the student should be able to:
a.
Conceptualize the problem
within a statistical and analytical framework.
b.
Identify the type of problem
confronted and the appropriate management techniques for solving the problem.
c.
Use appropriate tools and
software to solve the problem.
d.
Interpret the results obtained.
e.
Understand the capabilities
and limitations of the technique and software used.
f. Apply the results in the
decision-making process.
TEXT: Barry Rinder and
Ralph M. Stair, Quantitative Analysis for Managers. 10th
ed.
GRADING: The
grading will consist of two tests, each worth 40 percent, and cases at the end
of selected chapters. Participation and attendance will be used to
determine grades that are at the margin.
The grading scale is as follows:
A = 90-100;
B+ = 88-90; B = 82-88; C+ = 78-80; C = 70-78; F = <70
PROPOSED SCHEDULE OF CLASSES
DATE
|
TOPICS |
CHAPTERS |
HOMEWORK |
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Aug.
27, Sep. 3, 10 |
Mathematics of Optimization: Calculus |
Handout |
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Sep.
17, 24, Oct. 1 |
Statistics |
Ch2-35, 38, 40, 43, 46 or 48;
Ch4-16, 18, 23 |
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Decision Theory 3.4, 3.5 |
3 |
Ch3-16, 17, 21, 24, 29, 33 |
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Test I |
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22,
29, Nov. 5 |
Inventory Control Models; Linear Programming Models |
6.1-6.10;7-8
(selected topics) |
Ch6-23, 25, 26; Ch7-31, 36, 43;
Ch8- 10, 12, 18, 20 |
|
12 |
Transportation and Assignment Models |
10 |
Ch8-10 (as a Transport model);Ch10-15,
23, 24, 30 |
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19 |
Network Models |
12 |
Ch12-7, 9, 13, 17 |
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Dec.
3 |
Project Management; Waiting Lines and Queuing Theory
Models |
13,
14 |
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9 |
Test 2 |
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Statistical Tables: |
Waiting Line Tables: |
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