Scribd
Upload
77 views2 pages

Quantitative Techniques for Business Decisions

The syllabus for the Master of E-Business program at Sardar Patel University includes a paper on Quantitative Techniques for Business Decisions, covering topics such as Linear Programming, Decision Theory, Transportation and Assignment Problems, Probability, Correlation and Regression, Network Analysis, and Simulation. Each unit has specified weightage and includes methods, terminologies, and applications relevant to business decision-making. Recommended textbooks include 'Statistics for Management' and 'Quantitative Techniques in Management'.

Uploaded by

Vinay Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
77 views2 pages

Quantitative Techniques for Business Decisions

The syllabus for the Master of E-Business program at Sardar Patel University includes a paper on Quantitative Techniques for Business Decisions, covering topics such as Linear Programming, Decision Theory, Transportation and Assignment Problems, Probability, Correlation and Regression, Network Analysis, and Simulation. Each unit has specified weightage and includes methods, terminologies, and applications relevant to business decision-making. Recommended textbooks include 'Statistics for Management' and 'Quantitative Techniques in Management'.

Uploaded by

Vinay Kumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SARDAR PATEL UNIVERSITY

Programme & Subject: Master of E-Business (M.Eb)


Semester: II
Syllabus with Effect from: June-2010

Paper Code: PM02CMEB01


Total Credit: 4
Title Of Paper: Quantitative Techniques for Business Decisions

Unit Description in Detail Weightage (%)


I Linear Programming Problem (20 %)
Nature and scope of operations research, Linear programming formulations of
linear programming problems, Assumption of LPP
Methods of solving LPP:
Graphical Method
Special cases:
a) Infeasibility
b) Unbounded ness
c) Degeneracy 25%
d) Multiple optimal solution
Simplex Method
Duality, Economics interpretation of dual sensitive analysis.

Decision Theory (5 %)
Pay-off table, Opportunity loss or regret table, Decision rules (Under certainty
and Risk), Decision tree.
II Transportation & Assignment Problems (15 %)
Transportation Problems:
North-West corner Method
Vogel’s Approximation Method
Testing of optimality:
Stepping stone Method
MODI Method
Special cases:
Unbalanced Transportation problem
Degeneracy 25%
Assignment Problems:
Complete Enumeration problems
Hungarian method( Maximization & Minimization Problems)

Measure Of Central Tendency & Dispersion (10 %)


Basic Terminologies, Construction of frequency distribution.
Measures of central tendency (i) Mean (ii) Weighted mean (iii) Mode (iv)
Median Measures of dispersions (i) Range (ii) Standard Deviation (iii)
Coefficient of Variation
III Probability (10 %)
Basic terminology in probability, Different definitions of probability,
Probability rules (Without proof) 25%
Probabilities under conditions of statistical independence
Probabilities under conditions of statistical dependence
Page 1 of 2
Probability Distribution (15 %)
Random variables, Expected value
Binomial distribution
Poisson distribution
Normal distribution
IV Correlation & Simple Regression (10 %)
Correlation:
Introduction, Correlation analysis, scattered diagram, Karl Pearson’s
correlation coefficient
Simple Regression:
Introduction, Method of least squares & its examples
25%
Network Analysis (10 %)
PERT & CPM Networks, Rules of network construction, Earliest and latest
times, Determination of critical path, Determination of float.

Simulation (5 %)
Process of simulation, Monte Carlo simulation of an inventory system,
Simulation of queuing system, Advantages & Disadvantages of simulation.

Basic Text & Reference Books:-

 Statistics for Management by Richard I. Levin & David S. Rubin (Latest Edition)
 Quantitative Techniques in Management by N. D. Vohra (Latest Edition)

Page 2 of 2

You might also like