University of Technology, Jamaica Module Outline: Tutor Email
University of Technology, Jamaica Module Outline: Tutor Email
University of Technology, Jamaica Module Outline: Tutor Email
INSTRUCTORS CONTACT
TUTOR EMAIL
Alexis Hewitt [email protected]
Courtney Lawes [email protected]
Hervin Rowe [email protected]
Dennis May [email protected]
Floyd Gordon [email protected]
This course allows students to formulate mathematical models of data and to use computer software models to
generate optimal solutions that can guide business decisions
General Objectives
Upon completion of the module, the student should be able to:
1) Apply quantitative analysis techniques to business problems;
2) Make decisions for business controls by establishing criteria, alternatives and using
the appropriate quantitative model.
1. Please be aware that my notes may not exactly match those on the power points, as I prepare from many different
sources. However, the principles will be the same.
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MODULE OUTLINE FOR MAN3020 – SEM 2 AY 2021/22
WEEK/
DATE Beginning: TOPICS
Week 1 /Jan 9 Models and Modelling (a quick introduction will be done in lecture; Tutors, please cover through
discussion and MCQs in the tutorials)
Week 2 /Jan 16 Probabilistic Models – Decision Analysis
Week 3 /Jan23 Applying Models to real world problems – Forecasting
Week 4 / Jan 30 Applying Models to real world problems – Forecasting
Week 5/Feb 6 PROJECT MANAGEMENT
Program Evaluation & Review Technique & Critical Path Method
(PERT & CPM)
Week 7 Test 1: TOPICS TO BE TESTED ON: DECISION ANALYSIS AND FORECASTING UP TO TIME SERIES ONLY
Sunday Feb 20 THERE ARE NO MCQS. ALL QUESTIONS ARE STRUCTURED
at 6pm
Week 9 TEST 2:
Sunday March 6 at 2nd Test–TOPICS: FORECASTING PART 2(LINEAR REGRESSION using formulae and excel) &
6pm PERT/CPM IN PROJECT MANAGEMENT. NO MCQS. ALL QUESTIONS ARE STRUCTURED
Week 9 / Mar 6
OPTIMIZATION OF LINEAR MODELS – Linear Programming
Formulate Linear Programming (LP) Models
Spreadsheet Models
Use the Corner Point Method to solve LP models
Week 10 /Mar 13
OPTIMIZATION OF LINEAR MODELS – Linear Programming
Week 11/ Mar 20 Inventory
Week 12/ Mar 27 Revision
FINAL EXAMINATIONS
Topics (Project Management – projects with deterministic times, Queuing, Linear Programming,
Inventory Management. ALL QUESTIONS ARE COMPULSORY. THERE ARE NO MULTIPLE CHOICE
QUESTIONS ON THIS EXAM
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MODULE OUTLINE FOR MAN3020 – SEM 2 AY 2021/22
9.Required Text: Balakrishnan, N. Render, B. Stair, R. M., Managerial Decision Modelling with Spreadsheet, 2nd edition,
2003, Prentice Hall 10. Additional Reading: Introduction to Management Science: A Quantitative Approach to
Decision Making 12th edition. ISBN: 9780324399806; Related Quantitative Business Analysis texts and Use of the Internet to
access relevant material.