Standard mathematical techniques and problem structuring methods are essential in managerial decision-making. Accounting students must master the use of these techniques to help them in their future role as business leaders.
This course equips the learners with skills on linear programming applications, solution and sensitivity analysis using spreadsheets, distribution and network models, project scheduling and forecasting. Learners are expected to discuss the main techniques and problem structuring methods used within management science, identify the proper modeling tool for a business problem, conduct proper analysis using the appropriate tool, execute solutions manually or using spreadsheets and spreadsheet add-ins to facilitate learning by doing, and develop recommendations for the business problem
Introduction to Management Science
Time Series Analysis and Forecasting
Formulation and Analytical/Computer Solution of Linear Programming Problems
Linear Programming: Sensitivity Analysis and Interpretation of Solution
Distribution and Network Models
Project Scheduling: PERT/CPM