Seminar 1 : QMT425
Topic 1: Introduction to Quantitative Analysis
What is Quantitative Analysis (QA)?
QA is the scientific approach to managerial decision making.
Quantitative Analysis involves the application of mathematical method to develop a model
Topic 4: Transportation Models
A product is transported from a number of sources to a number of destinations at the
minimum total cost of transportation.
Sources: Factories, warehouses, etc.
Topic 3 : Linear Programming
LP is a technique that helps in resource allocation decisions.
LP is a model consisting of linear relationships representing a firms decisions given an
objective and resource constraints.
Objectives of the bus