Mr. E engages Ms MC to construct a house. Ms MC subcontracts out the roof work to Mr. RSC. The subcontractor
supplies the roof tiles and carries out the roof work according to the specifications. When the subcontract is done,
Ms MC fails to pay
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
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.
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