Executive Post Graduate Diploma in Management

Subject Outline

Subject Name Quantitative Methods in Management (QMM)

Subject Code MGT408
Subject Credits Four
Instructor Prof. Mohanasundaram K
mohanasundaram.k@alliance.edu.in
Office Hours Ph: 9916832442
Summary / Overview Quantitive Methods have become integral & essential
part of every managerial function. There is a flood of
data, information & knowledge. How do you make a
sense of this data? How to process this data? & use it
meaningfully for making correct managerial
decisions In areas like Finance / Investment Analysis
/ stock Market & Production / TQM, it has been
extensively & intensively used. It is an introductory
& appreciation course with a bird’s eye view of the
common techniques in analysing data.
Aims 1. To handle data & to process it. using statistical
techniques.
2. To interpret the parameters & draw inferences.
3. To convert a unstructured problem in to a structure
one
Core Learning Outcomes
Learning Outcomes Assessment Criteria
At the end of the Course : You must demonstrate :
 1. Methods of handling data.
2. Techniques for processing the data.
3. To infer meaningfully from the data.
4. Discriminating between
approaches.
5. Context of Application
6. Ability to independently handle a data
universe.
Approach to Learning
Assessment strategy
Recommended Text Book
1. Conceptual clarity
2. Techniques
3. Application expertise
various 4. Terminology, formulae and their
interrelationships.
Session Plan 1 to 10 (2 hours each)
1. Application overview of Quantitative /
Statistical techniques in different fields of
management i. e., Finance, Mkt., Quality
Control etc.,
2. Data Collection, collation & Classification
3. Measures of Central Tendency & Dispersion.
4. Probability Concepts : Basic Laws.
5. Probability Distributions : Binomial, Poisson,
Normal
6. Estimation & Inference Theory & Sampling
Techniques.
7. Bayesian Analysis and Decision Theory
8. Testing of Hypotheses – Non Parametric & Chi
Square
9. Correlation & Regression Analysis
1. Class room participation
2. Ability to raise questions
3. Exploring application possibilities in your work
area.
4. Solving problems in the class room.
5. Assignments 1 & 2
6. Terms End Examination.
Quantitative Methods for Business - 12th
Edition – Anderson – Cengage publications.
Learning Material For each class, relevant notes, tables, examples &
charts will be distributed
The same will be on Webex-power Point
presentation.
The same will also be available on the Website.

E-PGDM/Term II/May/2014/QMMCO/Rev/03