# Quantitative Analysis

## Course Description

• ### Course Name

Quantitative Analysis

• ### Location

Paris, France

• ### Area of Study

Management, Mathematics, Statistics

• ### Language Level

Taught In English

• ### Prerequisites

MATH 210 - Business Statistics (or its equivalent)

• ### Course Level Recommendations

Lower

ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

### Hours & Credits

• US Credits

3
• Recommended U.S. Semester Credits
3
• Recommended U.S. Quarter Units
4
• ### Overview

COURSE DESCRIPTION :
The purpose of the course is to enable the students to use quantitative approaches in practical business decision-making. During the course, the students will learn how a modeling process may help them to structure decision situations, and to improve his/her decision-making skills. It is hoped that the students will be familiar with the basic concepts of Decision Analysis, Project Scheduling, and Linear Programming, and should be able to use a modeling approach to improve decision-making processes.

INSTRUCTIONAL METHODOLOGY :
The course is developed through lectures, discussion and numerical problem solving sessions. Students are expected to participate in class discussion. Will be covered in class :
- Operations research, OR models, usage, scope
- Simple models with Microsoft Excel
- Decision-making under uncertainty or risk
- Sequential decisions under risk: The decision tree approach
- Project Scheduling : PERT/CPM
- Linear Programming: model formulation, spreadsheet solutions
- Linear Programming: sensitivity Analysis
- Linear Programming: special problems, integer programming transportation problems,

TEXTBOOK:
Ragsdale, Cliff T., Managerial Decision Modeling, Thomson/South-Western

EVALUATION :
The final grade will be made up of a Class participation 10%, homework 10%, group project 10%; mid-term exam 30%; final exam 40%

### Course Disclaimer

Courses and course hours of instruction are subject to change.

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