# 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)
Transportation Models
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)
Network Analysis
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)
Sequence
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)
Queuing Models
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

RECOMMENDED BOOKS:
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

REFERENCE BOOKS:
1. Quantitative Methods for Business, Anderson Williams et-al. b10th
edition Thopson
2. Tulisian, Quantitative Techniques theory and problems, Pearson,
PHI.
3. S. D. Sharma, “Operations Research”, Kedar Nath and Ram Nath &
Co. Ltd.
4. C. R. Kothari, “Quantitative Techniques”, Vikas Publishing House,
3/e, 2004

Reference: http://www.vtu.ac.in/

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