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DAF1104: Quantitative Methods Notes

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Summary

DAF1104 QuanCOURSE OUTLINE

DAF1104: QUANTITATIVE METHODS
Contact Hours: 66
Credit Hours : 6
Pre-requisites:DAF1101: Business
Statistics I
To equip students with skills in quantitative techniques necessary for decision making in business
Expected Learning Outcomes of the Course:
By the end of the course unit the learners should be able to:-
I Apply probability theory in decision making
ii Evaluate optimization problems using linear programming and assignment methods.
iii) Analysis replacements decisions.
Course Content:
Probability- Axiom definition of probability; Sample space and events1st and 2ndlaws, Bayes
theorem; Conditional probability; Probability trees; Linear equations, inequalities and
their applications; Linear programming using graphical and simplex methods. Replacement
decisions; Assignment problems; Utility functions and curves.
Teaching / Learning Methodologies
Lectures and tutorials; group discussion; demonstration; Individual assignment; Case studies
Instructional Materials and Equipment
Projector; test books; design catalogues; computer laboratory; design software; simulators
Course Assessment
Continuous assessment tests and assignments (CAT)
Assignments 10%
End of Semester Examination 70%
Total 100%
Core Textbooks:
3
i) SweenyWilliamsAnderson(2007),QuantitativeMethodsForBusiness,McGrawHill,New
York
ii) OakshottLes (2006), Essential Quantitative Methods For Business, Management And
Finance Routledge, London
iii) BS Sharma (2006); Quantitative Methods; Anmol Publications Pvt
Recommended Textbooks:
i) Louise Swift and Sally Piff (2005), Quantitative Methods For
Business, Management And Finance McGraw Hill, New York
i) Anderson (2007);Quantitative Methods; Cengage Learning(Thompson )............................

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