Quantitative Methods for Business

Catalog description

This course is designed to provide a systematic understanding of design, operation, and control of business processes that transform inputs into outputs. B ADM 513 Quantitative Methods for Business (3) This course is designed to provide a systematic understanding of design, operation and control of business processes that transform inputs into outputs. The course encompasses both manufacturing and services. The focus is managerial decision-making with an emphasis on quantitative methods of analysis. Topics include operations planning and strategy, systems design, inventory management, capacity and materials planning, JIT and lean operations, quality control and management, scheduling, and project management. Quantitative methods include linear programming, decision analysis, inventory models, forecasting, simulation and queuing models.