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KRANNERT SCHOOL OF MANAGEMENT PURDUE UNIVERSITY Fall 2011 MGMT 30600 – Management Science Instructor: Prof. Patrick Johanns Office: Krannert Center 232 Phone: 494-4431 Office Hours: MW: 12:00 – 1:00pm, T: 3:00 – 5:00pm or by appointment E-mail: Course Coordinator: Prof. Patrick Johanns Admin. Assistant: Julie Gable Office: Krannert KRAN 519 Phone: 494-4371 Office Hours: Daily 7:30 am to 2:30 pm E-mail: Class Hours: Division 01: Johanns MW 9:00am - 10:15am KRAN G18 Division 02: Johanns MW 10:30am - 11:45am KRAN G18 Division 03: Johanns MW 1:30pm - 2:45pm KRAN G18 Division 04: Johanns MW 3:00pm – 4:15pm KRAN G18 Division 05: Li MW 4:30pm - 5:45pm KRAN G18 Course web page: COURSE COREQUISITE : MGMT 30500: Business Statistics TEXTBOOK Management Science with Spreadsheet Modeling 2 nd Edition , by Patrick Johanns, Kendall/Hunt Publishing Company, ISBN 978-0-7575-7172-5, 2010. 1
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COURSE OBJECTIVES Objective 1: To acquaint you with mathematical spreadsheet modeling techniques and solution methods which often serve as an aid to managerial decision making. Objective 2: To develop your expertise in using and solving management science problems with the help of personal computer and decision tool software. Objective 3: To give you experience in analyzing results and making decisions through assigned homework exercises and performing case analysis in class. COURSE OVERVIEW The field of management science focuses on quantitative methods that aid in making effective decisions in a business environment. You will formulate, solve, and interpret optimization models from various applications areas in management including marketing, accounting and finance. Insights gained from the mathematical modeling and solution process will be discussed and analyzed. Results will be examined in the context of the decision problem and revision of the model will be proposed and analyzed. Primary emphasis will be placed on formulating decision problems as optimization models and solving them by the Excel tools and other decision analysis software. This course will require the use of personal computers and spreadsheet-based decision tool software. YOUR ROLE IN THE COURSE Class Participation . Class participation is crucial for learning the course content and for keeping in pace with the class progress. 1) You should be prepared for each class and should try to contribute to class discussions. Active and cooperative learning will be encouraged. During the lecture, you are expected to answer/raise questions, and participate in small-group activities such as modeling and solving problems, and interpreting solutions. 2)
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