Quantitative methods for business decision-making

HomeStudy programmes
Quantitative methods for business decision-making
Semester
5.
ECTS credits
6 ECTS

Goal

The goal of the course is to prepare students for modelling real economic problems; solving these models using various methods in MS Excel; making optimal decisions based on the model solution; and conducting sensitivity analysis. Furthermore, the course fosters the development of personal and team competencies and skills sought after in the business world.

Additional info
  1. Fundamentals of linear programming theory
  2. Computer support – Solver Tool in MS Excel
  3. Typical linear programming models
  4. Linear programming methods
  5. Application of the graphical method in linear programming
  6. Application of the simplex method
  7. Sensitivity analysis
  8. Application of methods for solving transportation and assignment problems
  9. Integer Programming
Lectures: 30
Seminars: 0
Exercises: 30
  1. Assess the role and significance of quantitative models and methods in analysing and solving complex business challenges
  2. Formulate quantitative optimisation models based on problems from economics and business economics
  3. Solve the formulated mathematical models using acquired methods in the MS Excel software tool
  4. Analyse the output data obtained by applying the MS Excel software tool
  5. Interpret the output data obtained by applying the MS Excel software tool
  6. Function in a team environment
magnifiercrossmenuplus circlecircle-minus LinkedIn facebook Pinterest youtube RSS Twitter Instagram facebook-blank rss-blank linkedin-blank Pinterest youtube Twitter Instagram Skip to content