The School of Management & Entrepreneurship
Master of Business Administration

Module Quantitative Methods
Semester-1 (2013-2015)

Module Leader Chitrakalpa Sen

seminar and workshop. a key ability for a successful manager is to use a knowledge . This course introduces students to the basic statistical and quantitative models for making informed management decisions. 150 e-mail: chitrakalpa. Each week you will be expected to attend lecture. It focuses on understanding the principles and developing problem-solving skills. It emphasizes the application of a wide variety of quantitative techniques to the solution of business and economic problems.based framework to analyse and make Contact hours: 24 hours (additional workshops and seminars). Chitrakalpa Sen Tel: 91-261-4088101/201 Extn. This course is designed to provide students with a sound conceptual understanding of the role that management science plays in the decision making process. Module Objectives 1.AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND Module Introduction In today’s dynamic and competitive business environment. All class lectures and other study materials will be available to you on the Virtual Learning Environment of Auro University (VLE) Module Leader: Knowledge and Understanding • • • • • Understand the relevant principles of quantitative methods Understand quantitative analysis of problem solving Identify and define the problem Determine the set of alternative solutions Understand complexities of decision making QUANTITATIVE METHODS 2 .sen@aurouniversity.

Problem Solving i. Identify key issues for investigation. Use a range of academic skills (analysis. Assessment structure: The subject matter covered in this course will be assessed by: Mid term examination: 20% WEIGHT Coursework submission: 30% WEIGHT End term examination: 50% WEIGHT QUANTITATIVE METHODS 3 . iii. Transferable Skills Practised Taught Assessed This module provides opportunities for students to develop skills of: A. C. iii. ii. Give clear and effective written presentation of evidence and argument. Self Management i. Manage tasks and time. X X X X X X X X X X X X X X X X X X Course Prerequisites: Students are expected to have a basic understanding of mathematics and coordinate geometry.AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND 2. research. B. E. Use library skills. ii. Select optimal strategies/solutions. D. Learning Skills i. synthesis. Communication i. Construct theoretical frameworks for analysis of key issues. Develop independence in learning. Information Technology i. evaluation of evidence). Use IT as a resource for information.

Sweeney and Thomas A. Feel free also to comment on this aspect of the module in the evaluation. Utility and game theory Time series analysis Regression analysis Introduction to linear programming Revision (COURSEWORK SUBMISSION DEADLINE) (MID TERM) Using unfair means in assessments All assessments are intended to determine your individual skills. Weekly coverage: S. understanding and knowledge. Alternative Texts: 1.   References: The Main Text Book: Preferred Text Book for this course would be: 1. attempting to cheat or assisting someone else to cheat may be subject to disciplinary action in accordance with the AU’s Disciplinary Procedure. If you feel this module is not fulfilling this aim. Quantitative Methods for Business – David R. Dennis. please take it up with the module leader. J. 10th Ed. religion and maturity. No. Quantitative Methods : Theory and Applications . irrespective of their gender. age. MacMillan India. The university takes this issue very seriously and you may be expelled or have your degree withheld for cheating in assessments. sexual orientation. If you are having difficulty with your work it is QUANTITATIVE METHODS 4 .J K Sharma. Cheating is defined as obtaining an unfair academic advantage and any of you found using any form of cheating. or ask your student representative to do so. race.AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND A Note on Equal Opportunities Auro University aims within its courses to provide equal access to learning to students from diverse backgrounds.. Williams. South-Western. abilities. Anderson. 1 2 3 4 5 6 7 8 Week Week I Week II Week III Week IV Week V Week VI Week VII Week VIII Chapter Problem Solving and Decision Making Introduction to probability Probability distributions Decision analysis. disability.

writings or inventions as your own. or allowing another person to take an assessment on your behalf or pretend to be you Plagiarism . by failing to acknowledge the source properly. To avoid plagiarism you must make sure that quotations. you give the impression that it is your own work Collusion . Do not risk losing your degree and all the work you have done. This includes copying in examinations.except where written instructions specify that work for assessment may be produced jointly and submitted as the work of more than one student.either with or without their knowledge. or broadly similar to. its copying from any other source. you must not collude with others to produce a piece of work jointly. It is not enough just to list sources in a bibliography at the end of your essay or dissertation if you do not acknowledge the actual quotations in the text.submitting work for assessment that is the same as. copy or share another student's work or lend your work to another student in the reasonable knowledge that some or all of it will be copied Duplication . • • • Lecture Outline 1 Problem Solving and Decision Making Overview: • • • Introduction to quantitative analysis Quantitative analysis and decision making Steps in quantitative analysis 5 QUANTITATIVE METHODS . without acknowledgement of the previous submission Falsification . These are: • Submitting other people's work as your own .the invention of data. work submitted earlier for academic credit. although any form of cheating is strictly forbidden. AU defines a number of different forms of cheating.taking or using another person's thoughts. using notes or unauthorised materials in examinations • • Impersonation . are clearly identified and attributed at the point where they occur in the text of your work by using one of the standard conventions for referencing.taking an assessment on behalf of or pretending to be another student. its alteration. from whatever source. or inventing quotations and/or references.AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND important to seek help from your tutor rather than be tempted to use unfair means to gain marks. or otherwise obtaining it by unfair means. Neither is it acceptable to change some of the words or the order of sentences if.

classify and use various models for solving a problem. Understand fundamentals of probability and various probability rules that help you to measure uncertainty. Perform several analysis with respect to business decision involving uncertainty. Workshop: Seminar: Applications in real life scenario Numerical Problem solving session Lecture Outline 2 Introduction to Probability Overview: • • • • • • Concept of probability Three methods of assigning probabilities Introduction to Venn diagram Some basic laws of probability Conditional probability Bayes theorem Learning objective : • • • Help yourself understand the amount of uncertainty that is involved before making important decisions. Applications in real life scenario Numerical Problem solving session Workshop: Seminar: Lecture Outline 3 Probability Distributions Overview: QUANTITATIVE METHODS 6 .AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND Learning objectives: • To understand the need of quantitative approach for effective decision making • • To understand the characteristics and various stages of scientific study Recognize.

AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND • • • • Random variables Binomial probability distribution Poisson probability distribution Normal probability distribution Learning objectives: • • • • Find the mean and variance of a discrete probability distribution Distinguish between discrete and continuous random variables Find the mean and variance of a continuous probability distribution Using probability distributions to solve real-life problems Workshop: Seminar: Applications in real life scenario Numerical Problem solving session Lecture Outline 4 Decision Analysis. utility and game theory Overview: • • • • Concept of utility Utility and decision making Introduction to game theory Pure and mixed strategy Learning objectives: • • • • Understand the concept of expected utility Define the basics of a “game” Evaluate conflict dynamics from the standpoint of the self-interests of the “Players” Appraise theoretical predictions obtained from Game Theory analyses against real world conflicts 7 QUANTITATIVE METHODS .

AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND • • • Formulate strategic alternatives which take into account the actions of others (commonly known as a “Nash Equilibrium”) Recognize the classic “Prisoners' Dilemma” Solve mixed strategy games MID TERM EXAMINATION Lecture Outline 5 Time Series Analysis Overview: • • • • Introduction to time series Components of a time series Smoothing methods Trend and seasonal components Learning objective:  Understand the central ideas of time series analysis and forecasting  Follow academic literature in applied economics using time series analysis  use time series analysis to test economic theory empirically Workshop: Seminar: Applications in real life scenario Numerical Problem solving session Lecture Outline 6 Regression Analysis Overview: • • • Introduction to regression Simple regression Multiple regression Learning objective:  Understand how to use regression to analyze a real-life problem QUANTITATIVE METHODS 8 .

Analyze the solution to a linear optimization problem Understanding the basic concept of a data envelopment analysis Applications in real life scenario Numerical Problem solving session Workshop: Seminar: Lecture Outline 8 REVISION Assessment Details End Term Examination • • One Midterm .20% One coursework submission – 30% QUANTITATIVE METHODS 9 .AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND  Learning how to run regression in a statistical software  Interpreting the result Workshop: Seminar: Applications in real life scenario Numerical Problem solving session Lecture Outline 7 Introduction to Linear Programming Overview: • • • • Introduction to linear programming Optimization problem Graphical solution Data Envelopment Analysis Learning objective: • • • • Formulate a combinatorial optimization problem efficiently Explain the mathematical theory underlying the solution methods.

in part as I think of ways I can do things better and in part because students suggest possible improvements. You will be required to run a regression analysis on data of your choice and present your findings in form of an academic paper.50% The midterm will take place at the end of week 4 and the topics will be cumulative till week 3. A summary of student appraisals is reported at Field Meetings. Each year. 1 = Strongly Agree 2 = Agree 5 = Strongly Disagree 3 = Neither Agree nor Disagree 4 = Disagree 1 This module as a whole: Was well organised Had an acceptable workload Gave me confidence in my understanding of business economics Was relevant to my main field/s of study 2 3 4 5 QUANTITATIVE METHODS 10 . adding any additional observations you may have on the reverse. It will be of 100 marks. of three hours duration. Each group will have three members and they will have to prepare a project using regression model. will take the form of a set of six questions which ranges across topics covered in lectures. The coursework submission will be prepared by the students in groups. especially on time series analysis and regression. and I would be happy to provide a copy to any student who asks for one. 15% score will be given to presentation and 15% on the merit of the project. seminars and self-study exercises. Each workshop and seminar will require the students to form groups among themselves. Student Assessment of Module I hope that you found this module challenging but worthwhile. The examination. evaluate and interpret economic and business data. The coursework will be based on your learning from the second half of the course. the module changes slightly. Each group will have no more than 5 students and no less than 2 students. The examination mark will be determined by the number of questions answered correctly and the range of questions has been designed such that pass can be obtained by demonstrating a basic understanding of key concepts whilst higher marks can be obtained by demonstrating ability to analyse. I would appreciate your comments on what I got right and what I could improve on. The groups will be determined by the programme office and are not subjected to any changes. I would therefore be grateful if you could anonymously complete the following table.AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND • Final examination . attended by student representatives.

AURO UNIVERSITY ENTREPRENEURSHIP SCHOOL OF MANAGEMENT AND Was adequately resourced in terms of learning support material Was adequately resourced in terms of accommodation and physical facilities The LECTURES: Were interesting Were clearly delivered The SEMINARS: Were interesting Were clearly delivered QUANTITATIVE METHODS 11 .

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