Zlín, Czech Republic

Quantitative Tools for Qualified Managerial Decision Making

when 7 August 2023 - 18 August 2023
language English
duration 2 weeks
credits 5 EC
fee EUR 620

The course is organized by Faculty of Management and Economics.

Subjects covered:

- 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

Requirements: basics of mathematics, linear algebra, and statistics

Tuition and fees: course, accommodation, breakfasts, and events are included

Course leader

RNDr. Bedřich Zimola, Ph.D.

Fee info

EUR 620: Early Bird: EUR 620; Deadline: 30 April 2023
EUR 670: Regular: EUR 670; Deadline: 31 May 2023