Course name Quantitative Techniques CODE MBBA107L

Department SOM Type Core

L-T-P 3-1-0 Credits 4 Pre- None
requisites
Brief description of the Course
Decision making is an inevitable exercise for business leader and executives, with the advent
of fourth industrial revolution the role of information hidden in the data cannot be
overemphasised. This course aims to familiarise the students with various foundational as
well as advanced Quantitative Techniques that can be used to deduce relevant information
from the real world problem for effective business decision making.

Course Objectives

CO1: To develop the ability to identify and understand the modern decision making paradigm
CO2: To enable the relating ability of real time instances and quantitative data
CO3: To be able to define the patterns in the real business world data
CO4: To develop the ability to summarize the real world data from qualitative and
quantitative aspects
CO5: To be able to extend the existing and derived meanings towards advance decision
insights
CO6: To enable to explain the developed insights for informed decision making

Essential Readings
Buglear, J. (2012). Quantitative methods for business and management. Pearson.

Further Readings
Gupta, S.P. Statistical Methods (Sultan Chand & Sons)
Newbold, P., W. Carlson and B. Thorne Statistics for Business and Economics. (Pearson)

Evaluation Components:
Components of Course Evaluation % distribution
Mid Term Examination 25%
End term Examination 35%
Assignments 10%+10%+10%
Class Participation 10%
Total 100%

Detailed Course Plan

Topics Sessions
Knowing excel and basic insights 4+2
Quantitative methods, numbers and business
Key arithmetical procedures
Fractions 2+2
Common
Decimal
Mixed
Percentage
Concept & applications
Ratio and Proportions 3+2
The concept & applications
Linear models 6+2
Linear equations
Simultaneous equations
Break-even analysis
Inequalities
Linear programming
Dealing with curves 3+1
Simple forms of non-linear equations
The Economic Order Quantity model & other applications
Working with Data 2+1
Sources of data
Types of data
Arrangement of data
Presenting Data 3+1
Displaying qualitative data
Displaying quantitative data
Presenting bivariate quantitative data
Presenting time series data
Data Summarisation 6+2
Measures of location
Measures of spread
Set Theory 2+1
Concept and applications
Approaches towards logic building
Summarizing Money Variables 2+1
Index numbers
Investment appraisal
Compound Interest
Assessing Risk - Introducing Probability 3+1
Measuring probability
The types of probability
The rules of probability
Tree diagrams
Analysing Decisions 3+1
Expectation
Decision rules
Decision trees
Ideas from the Real World

Special Instructions, if any for the course:

- Students are encouraged to use excel for all the home assignment
- For the purpose of assessment marks of best of 2/3 assignments will be taken.