 ## Self Study

 • 12th Standard • 11th Standard • 10th Standard • 9th Standard • 8th Standard • 7th Grade Standard • 6th Grade Standard • 5th Standard • BA Degree • BBM Degree • BCom Degree • BSc Degree • LLM Degree • MSc Degree • MCom Degree • MA Degree • MBA Common Subjects • MBA Marketing • MBA Finance • MBA Human Resource • MBA General Management • MBA Systems • MBA Operations • MBA Tourism & Hotel Mgmt • MCA Degree • LLB Degree

# Study Quantitative Techniques for Decision Making

UNIT I
QT – Introduction – Measures of Central Tendency – Mean, Median, Mode. Mathematical Models – deterministic and probabilistic – simple business examples – OR and optimization models – Linear Programming – formulation – graphical solution –simplex – solution.
UNIT II
Transportation model – Initial Basic Feasible solutions – optimum solution for non – degeneracy and degeneracy model – Trans-shipment Model – Assignment Model – Travelling Salesmen problem.
UNIT III
Network Model – networking – CPM – critical path – Time estimates – critical path – crashing, Resource levelling, Resources planning. Waiting Line Model – Structure of model – M/M/1 for infinite population.
UNIT IV
Probability – definitions – addition and multiplication Rules (only statements) – simple business application problems – probability distribution – expected value concept – theoretical probability distributions – Binomial, Poison and Normal – Simple problems applied to business. Annex.54.J - MBA - SDE Page 13 of 23
UNIT V
Inventory Models – Deterministic – EOQ – EOQ with Price Breaks – Probabilistic Inventory Models - Probabilistic EOQ model – Game theory-zero sum games: Arithmetic and Graphical Method. Simulation – types of simulation – Monte Carlo simulation – simulation problems. Decision Theory – Pay off tables – decision criteria – decision trees.