Summer Session

EMP 504: Quantitative Methods Managemen

Graduate 3 credits

This course is a rapid introduction to the application of modern mathematical concepts and techniques in management science. Algebraic operations, mathematical functions and their graphical representation, and model formulation are reviewed. Topics covered include the following: algebraic and graphic methods of linear programming; PERT, CPM, and other network models; and inventory theory. Simple management-oriented examples are used to introduce mathematical formulations and extensions to more general problems. The computer laboratory may be used to give students experience with PC software packages that solve problems in all course topics. Interpretation of computer outputs is also stressed. We will also discuss several quantitative methods for analyzing and controlling cost, lead time, and quality of the goods or services being produced.