Quantitative Methods for Management
KING FAHD UNIVERSITY OF PETROLEUM & MINERALS
COLLEGE OF INDUSTRIAL MANAGEMENT
DEPARTMENT OF MANAGEMENT & MARKETING
EXECUTIVE MASTER OF BUSINESS ADMINISTRATION
QUANTITATIVE METHODS FOR MANAGEMENT
OM 551
Class Schedule: Wed / or Thurs: 8:00- 11:45 &13:00- 16:30
DR. TAQI N. AL-FARAJ
E-MAIL: tagi@kfupm.edu.sa
Telephone: 860-2724
Mobile: +966506847529
Introduction
Quantitative Methods for Management, also known as Management Science, is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors. Most traditional quantitative management courses at the university and the MBA levels have given the reputation of the field as being highly mathematical by emphasizing the mathematics of the field rather than its practical application.
In preparing for this course, it is realized that students are aspiring to become managers not mathematicians. It is also realized that computers compute and managers make decisions and there is no good reason why managers should learn to know the details of algorithms executed by computers. Although the mathematics that will be used is at the level of high school algebra and elementary statistics, heavy mathematics that is used will be carried out automatically in the background by the powerful spreadsheet packages with only a minimum guidance by the user.
Purpose & Objectives
The goal of teaching quantitative methods is to gain an appreciation for the relevance and power of the quantitative methods techniques and to provide future managers with the basic skills required to apply these techniques to analyze a variety of managerial problems. To meet its purpose, the course will focus on the kind of problems to which various quantitative methods can be fruitfully applied. The case study approach will be emphasized in order to bring these techniques to life in a context that illustrates the relevance of the techniques for the
COLLEGE OF INDUSTRIAL MANAGEMENT
DEPARTMENT OF MANAGEMENT & MARKETING
EXECUTIVE MASTER OF BUSINESS ADMINISTRATION
QUANTITATIVE METHODS FOR MANAGEMENT
OM 551
Class Schedule: Wed / or Thurs: 8:00- 11:45 &13:00- 16:30
DR. TAQI N. AL-FARAJ
E-MAIL: tagi@kfupm.edu.sa
Telephone: 860-2724
Mobile: +966506847529
Introduction
Quantitative Methods for Management, also known as Management Science, is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors. Most traditional quantitative management courses at the university and the MBA levels have given the reputation of the field as being highly mathematical by emphasizing the mathematics of the field rather than its practical application.
In preparing for this course, it is realized that students are aspiring to become managers not mathematicians. It is also realized that computers compute and managers make decisions and there is no good reason why managers should learn to know the details of algorithms executed by computers. Although the mathematics that will be used is at the level of high school algebra and elementary statistics, heavy mathematics that is used will be carried out automatically in the background by the powerful spreadsheet packages with only a minimum guidance by the user.
Purpose & Objectives
The goal of teaching quantitative methods is to gain an appreciation for the relevance and power of the quantitative methods techniques and to provide future managers with the basic skills required to apply these techniques to analyze a variety of managerial problems. To meet its purpose, the course will focus on the kind of problems to which various quantitative methods can be fruitfully applied. The case study approach will be emphasized in order to bring these techniques to life in a context that illustrates the relevance of the techniques for the