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VTU-MBA Syllabus-QUANTITATIVE TECHNIQUES FOR MANAGEMENT
QUANTITATIVE TECHNIQUES FOR MANAGEMENT
Sub Code: 08MBA21 IA Marks: 50
No. of Lecture Hrs/week: 04 Exam Hours: 3 Hours
Total No. of Lecture Hrs: 56 Exam Marks: 100
MODULE 1 (4 Hours)
Introduction to Operations Research
Introduction to OR; Scope, Techniques, Characteristics and Limitations of
Operation Research; Methodology and Models in OR (only theory)
MODULE 2 (8 Hours)
Linear Programming Problem (LPP)
Application of LPP in Management, Advantages of LPP (only theory)
Formulation of LPP, Solution of LPP by Graphical method: Infeasible and
Unbounded Solution, Formulation of Dual of a LPP.
MODULE 3 (8 Hours)
General Structure; Various methods for finding initial solution: Maximization
and Minimisation problems North West Corner Method, Least Cost Method,
Vogel’s Approximation Method; Finding Optimal Solution: Modified
Distribution method; Variations: Unbalanced Transportation Problem,
Theoretical concept of Degeneracy only; Assignment problems; General
Structure; Finding Optimal Solution; Maximization problem, Restrictions on
Assignments, Alternate Optimal solutions.
MODULE 4 (8 Hours)
Terminology; Networking Concepts; Rules for drawing network diagram;
CPM Computations: CPM Terminology, Finding critical path - Different
Floats; PERT Computations: Computation of earliest and latest allowable
times, Probability of meeting the scheduled dates; difference between PERT
and CPM, Concept of Project Crashing (Theory only)
MODULE 5 (8 Hours)
Theory of Games
Terminology; Two person zero sum game; Solution to games: Saddle point,
dominance rule, Value of the game, mixed strategy, Graphical method of
solving a game – (2 x n) and (m x 2) games.
MODULE 6 (6 Hours)
Introduction-Definition: Terminology and Notations, Principal Assumptions,
TypeI: Problems with n Jobs through Two Machines, Processing n jobs,
through Three Machines. Problems with 2 Job through k Machines.
MODULE 7 (8 Hours)
Introduction; Characteristics of Queuing models, Models for Arrival and
Service Times; Single Poisson arrival with Exponential Service Rate;
Applications of Queuing models.
MODULE 8 (6 Hours)
Simulation of Management Systems
Terminology, Process of Simulation, Monte Carlo Method, Waiting Line
Simulation Method, Inventory Management Simulation, Marketing
Management Simulation, Financial Management Simulation
1. “Operations Research”, J. K. Sharma, McMillan India
2. “ Quantitative Techniques in Management”, N. D. Vohra, Tata
McGraw Hill Publications, 3/e, 4th reprint 2007
1. Quantitative Methods for Business, Anderson Williams et-al. b10th
2. Tulisian, Quantitative Techniques theory and problems, Pearson,
3. S. D. Sharma, “Operations Research”, Kedar Nath and Ram Nath &
4. C. R. Kothari, “Quantitative Techniques”, Vikas Publishing House,
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