Assignment : Quantitative Techniques for Management Decision (MBA 516)

Assignment for Quantitative Techniques for Management Decision (MBA 516)

Source: J K Sharma: Operations research: Theory and Application, 2^nd edition  

Group C	Group B	Group A
Sharma,  Page  401 Question  3  P  493      Q 2 PP 63-64, Q7 P112         Q 10 ·        Discuss the difference between the use of acceptance sampling plans and process control charts ·        Describe the conditions that favor group replacement over individual replacement. ·        Describe some methods to generate random numbers	P401       Q 1  P 493       Q  6 PP63-64, Q4 P112        Q 11 ·        Discuss the the practical limitations of control charts for variables ·        Explain how theory of replacement is used in replacement of items whose maintenance  cost varies with time ·        Describe the advantages and limitations of simulation	P401          Q  2  P 493         Q  3 Pp 63-64,   Q  3 P112           Q 12 ·        Distinguish between process control and product control. Define also producer risk. ·        Explain how theory of replacement is used in replacement of items which fails suddenly ·        Describe the Monte Carlo simulation method
Sharma , P 402  Prob. 3  P 516  prob. 1 P64 prob. 24 P117   prob.  20 P153-4  prob.  1 Pp 754 -755  Prob.   4 Pp768-769   Prob. 2  PP  836-837  Prob. 14	P 402  Prob. 2  P 516  prob. 2 P64   prob. 19 P117   prob.18   P153-4  prob.  2 PP 754 -755 Prob.  2  Pp768-769  Prob.  3 Pp  836-837 Prob.  15	P 402 Prob. 1 P 516  prob. 3 P64  prob. 20 P117   prob. 18   P153-4  prob. 3 PP 754 -755 Prob.   3  Pp768-769 Prob. 1  Pp  836-837 Prob. 13

 Additional problems to all the three groups.

 1. ABC Pvt Ltd. Company is considering three projects. The expected cash flows are as follows:

	Initial investment (ETB)
	Project  A	Project  B	Project C
	100,000	100,000	100,000
Annual cash inflows
Year 1	50,000	10,000	10,000
Year 2	50,000	10,000	50,000
Year 3	10,000	50,000	40,000
Year  4	10,000	30,000	70,000
Year 5	10,000	100,000	10,000

 Assuming the cost of capital for the company is 10%, rank the projects by payback period, NPV, and IRR method of capital budgeting.

    2. Suppose you are managing a software development project. The project is expected to be completed in 8 months at a cost of $10,000 per month. After 2 months, you realize that the project is 30 percent completed at a cost of $40,000. You need to determine whether the project is on -time and on-budget after 2 months.

    3. Twenty samples each of size 10 were inspected. The number of defectives detected in each of them is given a follows:

Sample No.	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20
No. Of defectives	0	1	0	3	9	2	0	7	0	1	1	0	0	3	1	0	0	2	0	0

 Construct number defective chart and establish a quality standard for the future.

Assignment : Management Thoughts and Emerging Trends (MBA 511)

Dear All,

Here are your group assignments to be completed and sent to me at the end of the semester. Please note that I have omitted the individual assignments for both course and you will be working the assignments in group. (Use random numbers to decide which group will be group A , B or C)

 best wishes,

Assignment : Management Thoughts and Emerging Trends (MBA 511)

Source: Richard Daft, 8^th edition

	Management in Practice: Experiential Exercise	Management in Practice: Ethical Dilemma	Case for critical Analysis
Group A	P 296 P 514	P 297 P 515	P 298 P 516
Group B	P 98 P 340	P 98 P 341	P 99 P 341
Group  C	P 232 P 481	P 232 P 484	P 233 P484

Ayele

HU CBE MBA 2013 STUDENTS

Dear All HU MBA students,
The link HERE shows the group photos taken during and at the end of the two courses I offered in a block.
I wish you all the best and keep up your efforts,

 Dr. Ayele Abebe

PPT slides for Management Thoughts

Dear all MBA students at HU,
click HERE to access the power point slides I used during my lectures.
best wishes in your studies,
Ayele

MANAGEMENT THOUGHTS AND EMERGING TRENDS

Dear all MBA program students at HU,

A very warm welcome to the Management Thoughts and Emerging Trends course.

Below is the content of the course .

you could visit the blogsite www.ayelemba611.blogspot.com for much information on a similar course  to this one entitled management theory and practice.

Hope you will enjoy this course,

Dr. Ayele Abebe (PhD, MBA, MSc)

Course Title: MANAGEMENT THOUGHTS AND EMERGING TRENDS

COURSE CONTENT

Chapter 1. Innovative Management for Turbulent Times

·       Learning Objectives of the chapter

·       THE PROCESS OF MANAGEMENT ; ORGANIZATIONAL PERFORMANCE; MANAGEMENT SKILLS AND MANAGEMENT TYPES; MANAGEMENT AND  THE NEW WORKPLACE

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 2.  The Evolution of Management Thinking

·       Learning Objectives of the chapter

·       THE CHANGING MANAGEMENT PERSPECTIVES OVER TIME ; INNOVATIVE MANAGEMENT THINKING FOR TURBULENT TIMES; MANAGING THE TECHNOLOGY- DRIVEN WORKPLACE

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 3.  The Environment and Corporate Culture

·       Learning Objectives of the chapter

·       GENERAL AND TASK ENVIRONMENT ;THE ORGANIZATION – ENVIRONMENT RELATIONSHIP; CORPORATE CULTURE; ENVIRONMENT AND CORPORATE  CULTURE; CULTURAL LEADERSHIP

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 4 .Planning and Decision making 

·       Learning Objectives of the chapter

·       CHARACTERISTICS OF EFFECTIVE GOALS AND GOAL SETTING ; PLANNING APPROACHES; DECISIONS AND DECISION MAKING ; DECISION MAKING MODELS; MANAGERIAL DECISION MAKING PROCESS

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 5.  Organizing – Designing adaptive structures

·       Learning Objectives of the chapter

·       VERTICAL STRUCTURES; APPROACHES TO STRUCTURAL DESIGNS ; HORIZONTAL COORDINATION; FACTORS SHAPING STRUCTURES

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 6.  Leadership

·       Learning Objectives of the chapter

·       LEADERSHIP FOR CONTEMPORARY TIMES; THE TRAITS , BEHAVIOURAL AND CONTINGENCY LEADERSHIP APPROACHES; LEADING CHANGE ; POWER AND INFLUENCE

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

Chapter 7.  Controlling

·       Learning Objectives of the chapter

·       ORGANIZATIONAL CONTROL; FEEDBACK CONTROL MODEL; THE CHANGING PHILOSOPHY OF CONTROL ; TRENDS IN QUALITY AND FINANCIAL CONTROL

·       Management in Practice: Experiential Exercise & Ethical Dilemma

·       Case for critical Analysis

REFERENCES

Cole G A & Kelly P 2011, Management Theory and Practice, 7^th ed., International Thomson Business Press, Hampshire.

Daft, RL 2011,  Management, 8^th International edition, South-Western College Publishing, Mason.    

Drucker, P F 1999, Management: Challenges for the 21^st Century, Harper Business, New York.

Griffin, R W 2006, Management, AITBS publishers, New Delhi.

Hannagan T 2011, Management: Concepts and practices, 7^th ed., South –Western CENGAGE Learning, Hampshire.

Koontz H & Weihrich H 2004, Essentials of Management: An international perspective, 6^th ed., McGraw Hill Pub, New Delhi.

Lewis P S, Goodman S H, Michlitsch J F, & Fandt P M 2007, Management:  Challenges for Tomorrow’s Leaders, 5th ed., South –Western College Publishing, Mason.

ASSESSEMENT

Individual Assignment               20%

Case studies ( Group work )    20%

 Final Exam                              60%   

MBA 516 course content

Course Title:  QUANTITATIVE TECHNIQUES FOR MANAGEMENT DECISIONS                            

Course Code: MBA 516              Credit Hours:   3                Acad. Yr. 2013/2014

Course Instructor: Dr. Ayele Abebe ( ayeleabebea@gmail.com)

Course Description

The course is designed to impart inferential skills with the use of quantitative techniques for helping managerial decision-making process under conditions of uncertainty and risk. It makes use of advanced statistical tools, mathematical modeling and techniques in dealing with such management decision areas through the application of decision theory, project management techniques, linear programming, quality control, replacement decisions, and simulation of management systems and similar methods.

Course outline

Chapter one:  Decision theory and analysis

1.1  Introduction

1.2  Decision  making under certainty

1.3  Decision  making under uncertainty ( maximax ,maximin, minimax,

Hurwicz, and Laplace criteria

1.4  Decision  making under risk ( EMV, EOL, EVPI, Marginal analysis

1.5  Decision Tree and analysis

1.6  Exercises

Chapter two:  Project management techniques

2.1 Introduction

2.2 Network Analysis

2.3 PERT/CPM

2.4 Earned value Analysis

2.5 Investment appraisal

2.6 Exercises

Chapter three: Linear programming

3.1 Introduction

3.2 Formulation of LP problems

3.3 Graphic method of solution

3.4 The simplex Algorithm

3.5 Artificial variables method (the Big M and two-phase methods)

3.6 Exercises

Chapter four: Statistical quality control

4.1 Introduction

4.2 Statistical process control

4.3 control charts for variables

4.4 control charts for attributes

4.5 Product control

4.6 Exercises

Chapter five: Replacement decisions

5.1 Introduction

5.2 Replacement of deteriorating items

5.3 Replacement of items failing suddenly

5.4 Staffing problems

5.3 Exercises

Chapter six: Simulation

6.1 Introduction

6.2 Advantages and Limitations of Simulation techniques

6.3 Monte Carlo Simulation

6.4 Application of simulation techniques to inventory, Queuing, Job sequencing,

       investment and budgeting problems

6.5 Exercises

Assessment

Individual Assignment     20%

Group work                   20%

Final examination             60%

References

Anderson D., Sweeney, D. and Williams, T.(2011)  An introduction to management science : quantitative methods to decision making. Cengage Learning

Dewhurst, F. 2002  Quantitative Methods for Business Management , Mc Graw hill

Gupta, P. and Hira  D.(2007) Operations Research, Chand and Company Ltd, New Delhi 

Render B., Stair R., and Hanna, M.(2011) Quantitative Analysis for Management, 10^th ed., Prentice Hal

 

Srivastava, U. K.    G.V.  Shenoy , S.C. Sharma  2010  Quantitative Techniques for Managerial Decisions 3^rd ed.

Vohra , N. (2006) Quantitative Techniques in Management , 3 ed., Tata McGraw-Hill Education

Wisniewski, M.  2009 Quantitative Methods for Decision Makers , Prentice Hall

 

Welcome to quantitative Techniques for management decisions (MBA 516) course

Dear all MBA program students at HU,

A very warm welcome to the quantitative methods for management decisions (MBA 516) course. 

In this blogsite, you will find about the content of the course and some relevant information about what we will be doing together. 

I will like to encourage every one of you to actively engage in the discussions in this blog for your own and others development.

I wish success,

Dr. Ayele Abebe (PhD, MBA, MSc)