20 August 2021
Quantitative Tools for Qualified Managerial Decision Making
The course is organized by Faculty of Management and Economics.
Problem Solving and Quantitative Analysis for Decision Making, Model Development, Data Preparation, Model Solution, Report Generation, Implementation, Management Science Technique
Linear Programming. Problem Formulation, Economical Model, Mathematical Model, Solution (Graphical, Software), Sensitivity Analysis and Interpretation of Solution. Linear Programming Applications (Marketing, Finance, Production Management, Transportation). Solution of LP Models – the Simplex Method, Distribution Method
Network Models. Shortest Route Problem, Minimal Spanning Tree Problem, Maximal Flow Problem. Project Scheduling – CPM/PERT (the Concept of Critical Path, Determining of Critical Path, Time Slacks), Time-Cost Analysis
Waiting Line Models (Queuing Theory). Structure of Waiting Line System (Single-Channel Waiting Line, Distribution of Arrivals, Distribution of Service Time, Queue Discipline, Steady-State Situation, Multiple-Channel Waiting Line Models, Economic Analysis of Waiting Lines
Lecturer: RNDr. Bedřich Zimola, Ph.D.
Requirements: basics of mathematics, linear algebra, and statistics
EUR 620: Early Bird: EUR 620; Deadline: 30 April 2021
EUR 670: Regular: EUR 670; Deadline: 31 May 2021
Tuition and fees: The course itself, accommodation, breakfasts, and events are included in the price.