CN4007 Quantitative Techniques in Management Syllabus:
CN4007 Quantitative Techniques in Management Syllabus – Anna University PG Syllabus Regulation 2021
OBJECTIVE:
To study the various quantitative methods applied to the elements of management, the effect of production management, finance management, decision theory, and managerial economics.
UNIT I OPERATIONS RESEARCH
Introduction to Operations Research – Linear Programming – Graphical and Simplex Methods, Duality and Post–Optimality Analysis – Transportation and Assignment Problems.
UNIT II PRODUCTION MANAGEMENT
Inventory Control – EOQ Model – Quantity Discounts – Safety Stock – Replacement Theory – PERT and CPM – Simulation Models – Quality Control.
UNIT III FINANCIAL MANAGEMENT
Working Capital Management – Compound Interest and Present Value methods – Discounted Cash Flow Techniques – Capital Budgeting.
UNIT IV DECISION THEORY
Decision Theory – Decision Rules – Decision making under conditions of certainty, risk and uncertainty – Decision trees – Utility Theory.
UNIT V MANAGERIAL ECONOMICS
Cost Concepts – Break-even analysis – Pricing Techniques – Game theory – Applications.
OUTCOME:
On completion of the course, the student is expected to be able to
CO1 Apply the knowledge of science and engineering fundamentals in learning the concept of operations research and its practical applicability for solving challenges in construction.
CO2 Identify, formulate, plan and schedule construction engineering projects.
CO3 Apply the knowledge of financial management and cost concepts.
CO4 Design the required man, material, equipment, cost and time as per needs by proper decision rules.
CO5 Analyze the cost by break-even analysis and modern construction management software.
REFERENCES:
1. Frank Harrison, E., The Managerial Decision-Making Process, Houghton Mifflin Co., Boston, 1999.
2. Hamdy. A.Taha, Operations Research: An Introduction, Prentice Hall, 2010.
3. Levin, R.I, Rubin,D.S., and Stinson J., Quantitative Approaches to Management, McGraw Hill College, 1993.
4. Tang S.L., Irtishad U.Ahmad, Syed M.Ahmed, Ming Lu, Quantitative Technique for Decision making in Construction, Hongkong University Press, HKU, 2004.
5. Vohra, Nd., Quantitative Techniques in Management, Fifth Edition, Tata McGraw-Hill Company Ltd, 2017.