KING FAHD UNIVERSITY OF PETROLEUM & MINERALS
SCHOOL OF INDUSTRIAL ADMINISTRATION
DEPARTMENT OF MANAGEMENT & MARKETING
EXECUTIVE MASTER OF BUSINESS ADMINISTRATION
QUANTITATIVE METHODS FOR MANAGEMENT
Class Schedule: Get married / or Thurs: almost eight: 00- eleven: 45 & 13: 00- 16: 30
DR . TAQI N. AL-FARAJ
E-MAIL: [email protected] edu. social fear
Quantitative Methods for Administration, also known as Managing Science, is a discipline that attempts to help managerial making decisions by applying a scientific way of managerial problems that involve quantitative factors. Most traditional quantitative management programs at the college or university and the MASTER OF BUSINESS ADMINISTATION levels have got given the reputation of the field as being highly statistical by focusing the mathematics of the field rather than it is practical application.
In preparing for this program, it is noticed that students are aspiring to become managers not mathematicians. It is additionally realized that personal computers compute and managers make decisions and no good reasons why managers should certainly learn to understand the details of algorithms executed by simply computers. Although the mathematics which will be used are at the level of senior high school algebra and elementary stats, heavy math that is used will be carried out instantly in the background by the powerful chart packages with only at least guidance by the user.
Purpose & Goals
The goal of educating quantitative methods is to gain an admiration for the relevance and power of the quantitative strategies techniques and to provide future managers together with the basic abilities required to apply these processes to analyze many different managerial concerns. To meet the purpose, the course will certainly focus on the sort of problems to which various quantitative methods may be fruitfully applied. The case examine approach will be emphasized to be able to bring these types of techniques to existence in a framework that demonstrates the relevance of the tactics for the bureaucratic decision making method and to offer understanding and interpretation of the results. The main emphasis will be on understanding how to apply the quantitative techniques to real data using a prevalent purpose computer programs packages including Excel and a specialized package including WINQSB and GLP.
1)John A. Lawrence, Jr. and Barry A. Pasternack " Utilized Management Technology: A Computer Included Approach pertaining to Decision MakingвЂќ John Wiley & Daughters, Inc. 2'nd Edition, 2001.
A mini-case studies way will be adopted to convey the complete process of making use of the quantitative methods in corporate and supervision. Participants are expected to read the material in advance to be ready for discussion and demonstration. It is expected that participants work in categories of two to three persons to prepare for the components and associated with presentations, projects and needed reports. Most participants are required to prepare very well for the class discussion. The emphasis will probably be on learning how to apply the quantitative techniques to real info using a prevalent purpose software applications packages including Excel and a specific package including WINQSB and GLP.
Almost all of the learning with this course will be derived from school presentation /discussions and homework assignments. The assignments contain short concerns, min-case research, and a term job. There will be regular homework tasks during the term. Most of the projects will be computer-based, but some could also include exercises to be worked well by hand. Home work assignments could be completed singularly and should always be submitted in electronic format within a couple weeks after project. The research assignments will be graded around the following criteria:
вћў Total and accurate analysis
вћў Demonstration of mastery of concepts and techniques вћў Answers to questions that had been posed inside the assignment вћў Concise and well-organized writing that stresses...
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