Management Science Models and Techniques

ClayDesk

• Introduction 02:23

  • 1: Course Agenda Preview 02:23

• Management Science Models and Techniques 14:35

  • 2: Introduction to Management Science 14:35

• Break Even Analysis 23:57

  • 3: Management Science Models and Techniques: Breakeven Analysis 11:36
  • 4: Breakeven Analysis Tutorial 12:21

• Linear Programing Techniques 42:24

  • 5: Linear Programming Modeling Technique 06:03
  • 6: Linear Programming Tutorial: Maximizing Diet Options 19:56
  • 7: Linear Programming Tutorial: Minimizing Transportation Costs 16:25

• Introduction to Project Management 16:05

  • 8: Introduction to Project Management 16:05

• Decision Making Using Management Science Models and Techniques 12:02

  • 9: Decision Making using Management Science Techniques 12:02

• Conclusion 02:03

  • 10: Course Conclusion 02:03

The stuff of management science can seem abstract, and students sometimes have trouble perceiving the usefulness of quantitative courses in general. Part of the problem is that the examples used in books often do not seem realistic.

Unfortunately, examples must be made simple to facilitate the learning process. Larger, more complex examples reflecting actual applications would be too complex to help the student learn the modeling technique. The modeling techniques in this course are, in fact, used extensively in the business world, and their use is increasing rapidly because of information technology.

The real objective of management science is to solve the decision-making problems that confront managers by developing mathematical models of those problems

For this course, the main goal is to demonstrate solutions to various problems that managers face every single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling, this course will provide you with a hands-on approach to dealing with management science models and techniques.

There is no mathematical programming in this course or learning complex formulas, as we will use Microsoft Excel as an aid to solving various common business scenarios that you encounter at the workplace.

The whole idea is to make these mathematical topics seem less complex and present them in a practical way to your benefit. Each modeling technique is explained with straight forward examples followed by hands-on tutorials.

Thank you.

Syed and Team ClayDesk

• This specialized course on Management Science Models and Techniques is designed for managers and students who wish to apply various Management Science Techniques to solve everyday common business problems without using complex formulas or programming. Introductory knowledge of Microsoft Excel is helpful.
• Anyone interested in enhancing existing skill set or acquiring new skill to solve common business related problems can take this course

• You should have an introductory knowledge of Microsoft Excel

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