Quantitative Methods

Topics: Random variable, Normal distribution, Statistical hypothesis testing Pages: 80 (13784 words) Published: March 10, 2013
Quantitative Methods
BITS Pilani
Pilani Campus

Course handout

BITS Pilani
Pilani Campus


Instructor Details
Dr. Remica Aggarwal 1214 C ; FD-1 Department of Management Email: remica_or@rediffmail.com

Mobile: 09772054839

BITS Pilani, Pilani Campus

Course Details

• • • • • • •

Management Science Use of QM/QA Modelling Techniques Data Analysis Techniques MS Excel QM for Windows Test BITS Pilani, Pilani Campus

Quantitative Methods
• • • • • • • Operations Research Statistics Management Science Data IT & QM Business intelligence Theory Vs. Use? BITS Pilani, Pilani Campus

Operational Research

...is concerned with scientifically deciding how best to design and operate man-machine systems under conditions requiring allocation of scarce resources

BITS Pilani, Pilani Campus

Definition of OR

–T.L. Saaty:
A collection of tools and techniques which provide bad answers to problems ………………………….…………….. which otherwise have ………………… worse answers BITS Pilani, Pilani Campus

Evolution of OR
• History –U.S. Navy –Naval Research Forum –P.M.S. Blackett –Naval Research Logistics • Need – civilian applications • OR – Blend of art and science BITS Pilani, Pilani Campus

Application Areas
• • • • • • • • Allocation (product-mix) Scheduling & Sequencing Routing Replacement Inventory Queueing Search Competitive BITS Pilani, Pilani Campus

Application …(contd.)
• Allocation: ….involves allocation of resources to activities in such a way that some measure of performance is optimized Ex: Diet mix problems Assignment problems BITS Pilani, Pilani Campus

Application …(contd.)
• Sequencing: … deciding the precedence relations among various activities that are to be performed so as to optimize time/cost/… factor(s) – Building of Health Care Centres

• Routing: …finding the optimal route from an origin to a destination among possible routes – Ex. Managing Network of Health Care Centres BITS Pilani, Pilani Campus

Application …(contd.)
• Replacement problems: … occur when one must decide the optimal (proper ?) time to replace an equipment that deteriorates or fails… Ex: When should an equipment to be replaced with a new one? BITS Pilani, Pilani Campus

Application …(contd.)
• Inventory problems: … to determine the level of inventory that will optimize some measure of concern – Managing stock of medicines/equipments

• Queueing problems: Any problem that involves waiting for service is classified as … Simulation is essential to … – Aravind Eye Care Systems
BITS Pilani, Pilani Campus

Application …(contd.)
• Search problems: … searching for information that is necessary to make a decision -- Locating and Retrieval of Medical Records for Analysis

• Competitive problems: Occurs when two or more people compete for a scarce resource/same … – Healthcare? http://mindyourdecisions.com/blog/2009/08/18/how-toimprove-health-care-using-game-theory-the-prisonersdilemma/ BITS Pilani, Pilani Campus


Statistics in Decision Making

BITS Pilani, Pilani Campus

• • • • • • • • • • Linear Programming Transportation Problems Assignment Problems Decision Trees Correlation Regression Multiple Regression Forecasting Inventory Management Queueing Systems BITS Pilani, Pilani Campus

Role of QM in HC
Planning for • Capacity • Location • Services to be offered • Layout • Operations Management • Supply Chain Management • Quality Control and Improvement • Patient and Personnel Scheduling BITS Pilani, Pilani Campus

• • • • Course Details QM – OR and Stats Evolution of OR Use of QM in Today’s Health Care Management • Health Care Informatics

BITS Pilani, Pilani Campus

BITS Pilani
Pilani Campus


• Quantitative Analysis • Data Acquisition • Analysing Results and Sensitivity Analysis

BITS Pilani, Pilani Campus

Quantitative Analysis

• • • •

Origin Fredrick W. Taylor Data & Information Quantitative Vs....
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