Quantitative Methods
Learning Outcomes
On successful completion of this course, student will be able to: Explain basics of quantitative methods, statistics and probability theory; Interpret real problem to quantitative analysis; Analyze suitable tools for the real problem; Use quantitative methods solution for real problems
Topics
- Introduction
- Decision analysis
- Utility and game theory
- Forecasting
- Linear programming and sensitivity analysis
- Linear programming application
- Transportation, assignment and transhipment problem
- Project scheduling PERT/CPM
- Inventory models
- Waiting line models
- Multicriteria decisions
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