KMBN 206 Quantitative Techniques For Managers, AKTU MBA Semester 2

Welcome to the dedicated web page for the AKTU MBA Semester 2 course on Quantitative Techniques for Managers (KMBN 206). This course is tailored to provide students with a solid foundation in quantitative methods and their application to managerial decision-making processes.

AKTU MBA 
Semester 2 
Quantitative Techniques For Managers 
KMBN 206

AKTU MBA semester 2 Quantitative Techniques For Managers KMBN 206

Table of content (toc)

In today's data-driven business environment, managers need to possess strong quantitative skills to analyze data, make informed decisions, and optimize organizational processes. This course aims to equip students with the knowledge and skills necessary to apply quantitative techniques to a wide range of managerial problems and scenarios.

Unit 1 - Quantitative Techniques For Managers

S.No.	TOPIC
1	Operations Research
2	Uses Of Operation Research In Managerial Decision Making
3	Scope Of Operation Research In Managerial Decision Making
4	Applications Of Operation Research In Managerial Decision Making
5	Decision-Making Environment
6	Decision-Making Under Certainty
7	Decision-Making Uncertainty
8	Decision-Making Risk Situations
9	Decision Tree Approach And Its Applications

Unit 2 - Quantitative Techniques For Managers

S.No.	TOPIC
1	Linear Programming
2	Mathematical Formulations Of LP Models For Product-Mix Problems
3	Graphical Method Of Solving LP Problems
4	Simplex Method Of Solving LP Problems
5	Duality
6	Transportation Problem
7	North West Corner Method
8	Least Cost Method
9	VAM Method
10	Optimal Solution-Stepping Stone
11	Optimal Solution MODI Method
12	Maximization Transportation Problem

Unit 3 - Quantitative Techniques For Managers

S.No.	TOPIC
1	Assignment Model
2	Hungarian Algorithm And Its Applications
3	Maximization Assignment Problem
4	Game Theory: Concept Of Game
5	Two-Person Zero-Sum Game
6	Pure And Mixed Strategy Games
7	Saddle Point
8	Odds Method
9	Dominance Method For Solving Mixed Strategy Game
10	Graphical Method For Solving Mixed Strategy Game

Unit 4 - Quantitative Techniques For Managers

S.No.	TOPIC
1	Sequencing Problem: Johnsons Algorithm For N Jobs And Two Machines
2	Sequencing Problem: N Jobs And Three Machines
3	Sequencing Problem: Two Jobs And M - Machines Problems
4	Queuing Theory
5	Characteristics Of M/M/I Queue Model
6	Application Of Poisson In Estimating Arrival Rate And Service Rate
7	Application Exponential Distribution In Estimating Arrival Rate And Service Rate
8	Applications Of Queue Model For Better Service To The Customers

Unit 5 - Quantitative Techniques For Managers

S.No.	TOPIC
1	Replacement Problem
2	Replacement Of Assets That Deteriorate With Time
3	Replacement Of Assets Which Fail Suddenly
4	Project Management
5	Rules For Drawing The Network Diagram
6	Applications Of CPM And PERT Techniques In Project Planning And Control
7	Crashing Of Operations

For More content visit AKTU MBA Notes

Throughout this course, students will delve into various quantitative methods, including probability theory, statistical analysis, decision theory, optimization techniques, simulation, and forecasting. By mastering these techniques, students will be able to analyze complex data sets, evaluate alternatives, and make data-driven decisions that drive organizational performance and success.

The course curriculum is designed to blend theoretical concepts with practical applications, allowing students to develop both a conceptual understanding of quantitative techniques and the ability to apply them in real-world situations. Through case studies, practical exercises, and hands-on projects, students will gain valuable experience in using quantitative tools and software to solve managerial problems.

Our experienced faculty members bring a wealth of expertise in quantitative analysis and management science, ensuring that students receive the latest industry insights and best practices. Additionally, students will have the opportunity to engage in interactive lectures, workshops, and discussions to deepen their understanding of quantitative techniques and their applications in various business contexts.

By the end of this course, students will not only have a solid foundation in quantitative techniques but also possess the analytical skills and critical thinking abilities necessary to tackle complex managerial challenges with confidence and precision.

We are excited to embark on this journey with you as we explore the fascinating world of quantitative techniques for managers together.