Quantitative Techniques for Management

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Dr. Yagyadeep Shrimali and Dushyant Sharma
BBA,University of Rajasthan, Part-II
Syllabus
(PAPER-V) QUANTITATIVE TECHNIQUES
FOR MANAGEMENT
 
Maximum Marks: 100                                                                       Duration: 3 Hrs.
 
Minimum Pass Marks: 36
 
Unit-I
Quantitative Teciniques: An Introduction, Statistical and operations Research techniques, Scope and application of quantitative techniques, Scientific approach in decision making. Limitation of these techniques. Probability and probability distributions: Laws of probability, Baye’s theorem, Mathematical Expectation, Binomial, poisson and normal probability distribution.
 
Unit-II
Decision Theory: Decision making under certainty, uncertainty and Risk, Decision tree analysis. Linear Programming: Graphical and Simplex Solutions of LPP. Primal and its duel.
 
Unit-III
Transport and Assignment Problems: Network Analysis – Programme Evaluation and Review Technique (PERT) and Critical Path Method (CPM), Cost Analysis and Crashing the Network.
 
Unit-IV
Theory of Games and Queuing Models: Two persons Zero sum games, pure and mixed strategy. Queuing mode Single channel queuing theory Application of queuing theory in business decision making.
 
Unit-V
Replacement Theory: Replacing of items that deteriorate with time. Time value of money concept and replacement, Simulation: Advantages, Limitations, Monte Carlo Method.
UOR2017/BBA/2/05
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