Quantitative MethodsModule Details

The main objectives of the course are to:
introduce students to the basic principles of management science /operational research and to familiarise them with a number of its concepts and tools
develop students’ ability to build numerical models and to use these models to help propose policy alternatives
develop students’ analytical skills
develop students’ ability to summarise and present data in a professional way
develop students’ skills in practical decision making
provide a conceptual understanding of the role of the methods of science in decision making

develop students’ ability to communicate effectively with non- technical managers.

After completion of the course students are expected to be able to:
1. discuss the importance of quantitative methods in problem solving and decision making
2. structure business problems so that these can be solved by quantitative means
3. select appropriate quantitative methods to address particular types of business problems
4. apply appropriate quantitative methods to solve particular types of business problems
5. develop quantitative models to help propose policy alternatives
6. develop skills in analytical and practical decision making
7. develop a conceptual understanding of the methods of science in decision making
8. summarise and present data in a professional way
9. communicate effectively with non-technical managers.