Quantitative Analysis for Managers

Queuing Theory Presentation is about waiting line examples, why do we have to wait, what is a queue, waiting lines, elements of waiting lines, implications of waiting lines, costs of queues, goal of waiting-line analysis, waiting line costs, waiting line terminology, general framework of a queuing system, the single-sever waiting line system, basic components of the queuing system, queue discipline, service mechanism, customer's behaviour, managing waiting times, waiting-line performance measur...

Inventory control presentation is about its definition, types of inventory, functions of inventory, where do we keep inventory, inventory costs, disadvantages of inventory, independent versus dependent demand, inventory management for independent demand, inventory models, economic order quantity, EOQ objective, inventory usage over time, EOQ Model How much to order?, EOQ Model equations, reorder point, EOQ Model When to order, safety stocks and reorder point for a service level.

Network Analysis presentation is about managing projects with networks, objectives of network analysis, management of large projects, project planning, project scheduling, purposes of project scheduling, project planning, scheduling and controlling, describing the project, diagramming the network, project management techniques, Gantt chart, Pert and CPM, questions which may be addressed by PERT and CPM, the six steps common to PERT and CPM, network conventions, critical path analysis, estimating...

Transportation Model Presentation is about what a transportation model requires, transportation problem solutions steps, methods for finding initial solution, the least cost method, vogel's approximation method (VAM), optimality test, the stepping stone method and special issues in the transportation model.

Linear Programming Presentation is about introduction, allocating resources, examples of successful LP applications, requirements of a linear programming problem, 5 basic assumptions of linear programming, formulating linear programming problems, formulation of LP problem, graphical solution method, slack and surplus variables, Iso-profit line solution, isoprofit lines steps, special cases in LP, the valuation of scarce resources and sensitivity analysis.

Decision Analysis Presentation is about introduction, steps in decision theory, identifying the problem, identifying decision criteria, allocating weights to the criteria, developing alternatives, analyzing alternatives, selecting an alternative, implementing the decision, evaluating the decision's effectiveness, making decisions, components of decision making, decision theory, types of decision-making environments, decision making under uncertainty, decision table, decision making under risk, ...