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Management Science Models and Techniques (SY012)

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Description

The stuff of management science can seem abstract, and students sometimes have trouble perceiving the usefulness of quantitative courses in general. Part of the problem is that the examples used in books often do not seem realistic.

For this course, the main goal is to demonstrate solutions to various problems that managers face every single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling – this course will provide you with a hands-on approach to dealing with management science models and techniques.

There is no mathematical programming in this course or learning complex formulas, as we will use Microsoft Excel as an aid to solving various common business scenarios that you encounter at the workplace.

What you’ll learn

Choose to apply the right Management Science Model and Technique
Apply linear programming to solve common business problems
Conduct a Breakeven Analysis
Learn to make effective decisions using Management Science techniques
Use linear programming: Maximizing diet options example
Use linear programming to minimize transportation costs

Are there any course requirements or prerequisites?

You should have an introductory knowledge of Microsoft Excel

Who this course is for:

This specialized course on Management Science Models and Techniques is designed for managers and students who wish to apply various Management Science Techniques to solve everyday common business problems without using complex formulas or programming. Introductory knowledge of Microsoft Excel is helpful.
Anyone interested in enhancing existing skill set or acquiring new skill to solve common business related problems can take this course

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