The College of Business Administration, University of Pittsburgh
Quantitative Methods: BUSQOM0050,
UESDAYS AND THURSDAYS
Dr. GG Hegde, 348 Mervis Hall,
: Tue & Thurs 10:30AM-11:00AM; Thurs 1:30PM-.
by appointment, any day: 348 Mervis Hall
We will first discuss the methodologies for designing business systems and
for predicting the consequences of decisions. We will then study methodologies for
choosing the best from the opportunity baskets.
Specifically, methodologies for
optimization include decision theory, linear programming and integer programming, and
methodologies for prediction include simulation and applied probability theory.
Problems considered in the course include product mixing and blending, personnel
assignment, portfolio selection, advertising budget allocation, performance evaluation of
healthcare organizations, and queuing.
Not only is the course designed to develop the
skills and insights for dealing with such problems, but also it is designed to develop an
analytical, problem-solving approach for dealing with a wide range of complex
problems. Using software to solve these problems is an integral part of the course.
: We will utilize: Lectures and lecture notes, software demonstrations and
hands – on
computer exercises, problem solving sessions/recitations. In addition to
introducing you to several quantitative tools and techniques to analyzing business
problems, the course provides a framework for modeling and communicating in a
succinct way. As such, the learning approach in this course is not just “ here is the
formulae, plug-in the numbers”, rather “ here is an unstructured business problem, tell
me how do you model, analyze, suggest action plans.”