Objectives and competences
1. Obtainance of practical working knowledge by case studies in management,with computer programs that support the selected quantitative techniques of decision theory, multi-criteria decision-making, statistics and project optimization.
2. Obtainance of knowledge of formulating business problems that can be solved by quantitative techniques such as the use of appropriate statistical tests for hypothesis testing.
3. Interpretation of the obtained results and to prepare the research report.
Content (Syllabus outline)
Basics and study cases of decision theory in management;
Selected techniques of multi-criteria decision making with study cases in management;
Statistics in Management: organizing and visualizing data, descriptive statistics, basic probability and probability distributions;
Project optimization;
Sampling and sampling distributions;
Regression analysis;
Statistical Applications in Quality Management.
Readings
Levine; D. M., Stephan D.F., Szabat, K.A. (2014). Statistics for Managers Using Microsoft Excel. 7th edition, Pearson.
Render, B., Stair, R. M., Hanna, M. E., Hale, T. S. (2018). Quantitative analysis for management. 13th edition, Pearson.
