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INTT 321 - QUANTITATIVE ANALYSIS AND APPLICATIONS

Fall 2015
Instructor: Arzu Tekta, tektas@boun.edu.tr
Office hours: M5, T2 or by appointment
Class schedule: MTT 334 HKA 302, HKA 301, HKA 301
Some classes will be held in INTT computer lab
Course Description
This course aims to provide students with a sound conceptual understanding of quantitative
analysis (also called management science, operations research) and the role it plays in the
decision-making process. This is achieved by introducing the quantitative models, applying
them to business problems, solving them and making recommendations.
Quantitative analysis is the scientific approach to managerial decision making. It applies
mathematical models for solving management problems in order to improve decision making in
several areas of business. It helps organizations succeed in business by improving the overall
quality and effectiveness of decisions.
Quantitative analysis is usually an aid to decision making. Real life problems generally include
not only quantitative but also qualitative factors. Therefore, the best decisions usually combine
quantitative analysis results with the decision makers intuition, experience and creativity. To
this respect, the course will also include some work on creativity to improve the students
creative thinking capability.
Textbook
Render B., R.Stair and M.Hanna, Quantitative Analysis for Management, Global edition, 11th
edition, Pearson Education Limited, 2012.
URL address : www.pearsonglobaledition.com/render
References
Interfaces Journal by INFORMS- Institute for Operations Research and Management Science
Management Science and/or Quantitative Decision Making related journals/e-journals
Decision Support Software
WINQSB will be used to solve and interpret various business problems.
WINQSB is available for use in International Trade Department Computer Lab.
Grading
25 % Midterm (Nov 24, 2015)
40 % Final*
20 % Project**
15 % Other (attendance, assignment, quiz, creativity practices etc.)
*It is required to take a minimum grade of 30/100 from the midterm to take the final exam.
**Project details will be given in the following weeks.

INTT 321 - QUANTITATIVE ANALYSIS AND APPLICATIONS


Course Outline
Fall 2015

CHAPTER
Introduction
Problem solving and decision making
Decision making approaches-rational, intuitive, creative
Quantitative analysis and decision making
The quantitative analysis approach

Decision Analysis
The decision making process
Decision making under uncertainty
Decision making under risk

Creative Thinking
Creative thinking concepts and practices
Single Criterion Decision Making
Linear Programming
Requirements, assumptions
Maximization and minimization problems
Graphical solution
Sensitivity/what if analysis
Linear Programming Formulation

Handout

Handout

Computer Aided Modeling, Solution and Analysis


WINQSB - Decision Support Software
Linear Programming Applications
8
Modeling various business problems
Integer Programming
Modeling and solving integer programming problems

10

Distribution and Network Models


Transportation Problem

Assignment Problem

Shortest Route Problem

11

Multi Criteria Decision Making


Goal Programming
Modeling and solving goal programming problems
Analytic Hierarchy Process

10
M1-1