IS3320
Advanced Quantitative
Analysis
Course Objectives
This course aims to:
Describe the quantitative analysis
approach and it is applications in a real
situation.
illustrate the use of modeling in
quantitative analysis.
Use the simplex method to solve linear
programming problems.
Course Objectives
Tackle a wide variety of problems by
simulation.
Structure special LP problems using the
transportation and assignment models
Understand the difference between LP and
integer programming
Understand and solve the three types of
integer programming problems
Course Syllabus
1) Simplex method:
Introduction
How to Set Up the Initial Simplex Solution
Simplex Solution Procedures
The Second Simplex Tableau
Developing the Third Tableau
Review of Procedures for Solving LP
Maximization Problems
Surplus and Artificial Variables
Course Syllabus
2) Advanced decision analysis:
Develop accurate and useful decision tree.
Understand the importance and use of utility theory
in decision making.
Course Syllabus
3) Markov
analysis:
introduction.
Regular markov chain.
Absorbing markov chain.
Steady state of markov chain.
Course Syllabus
4) Integer
programming:
Difference between linear programming and
integer programming.
Solve integer programming problems.
Course Syllabus
5) Transportation problem:
Introduction
Setting Up a Transportation Problem
Developing an Initial Solution,
northwest Corner Rule
Stepping-Stone Method: Finding a
Least-Cost Solution
Course Syllabus
6) Goal programming:
Introduction.
Solve goal programming problems.
Course Syllabus
7) Simulation modelling:
Introduction
Advantages and Disadvantages of
Simulation
Monte Carlo Simulation
Simulation of a Queuing Problem
Two Other Types of Simulation
Verification and Validation
Course Syllabus
8) Dynamic
programming:
oHow to solve shortest path by
dynamic programming
Text Book
Render, Stair, and Hanna (2009).
Quantitative Analysis for Management,
Tenth Edition, Prentice-Hall, Inc.
Assessment Tasks for Students
During the Semester
3 Hours final exam
50 Marks
1 Hour first test
15 Marks
1 Hour Second Test
15 Marks
2 Quizzes
10 Marks
2 Assignments
10 Marks
Exam1 16/6/1438 15/3/2017
Exam2 29/7/1438
26/4/2017