Course detail

Quantitative methods

FP-BkvmPAcad. year: 2019/2020

The course is focused on the presentation of selected quantitative methods used for a more detailed analysis of economic processes serving as a tool for support of managerial decision making. Emphasis is placed more on the manager's view (student of management), which is based on the fact that by the application of quantitative methods is its main task focused on the model formulation phase, its interpretation and implementation of model outputs into the original real system.

Learning outcomes of the course unit

Students will acquire knowledge about selected quantitative methods of managerial decision making and their practical application in various areas of modelling of economic processes.

Prerequisites

Not applicable.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

DOSKOČIL, R: Kvantitativní metody. Skripta, Brno: VUT v Brně, Fakulta podnikatelská, 2011, 160 s. ISBN 978-80-214-4247-4.
DOSKOČIL, R. Metody, techniky a nástroje řízení projektů. Brno: AKADEMICKÉ NAKLADATELSTVÍ CERM, s.r.o., 2013. 165 s. ISBN: 978-80-7204-863-2.
FOTR, J.; DĚDINA, J.; HRŮZOVÁ, H. Manažerské rozhodování. 3. přepracov. vyd. Praha: Ekopress, 2003. ISBN 80-86119-69-6.
GROS, I. Kvantitativní metody v manažerském rozhodování. 1. vyd. Praha: Grada Publishing a.s., 2003. 432 s. ISBN 80-247-0421-8.
RAIS, K. DOSKOČIL, R. Operační a systémová analýza I. Skripta, Brno: VUT v Brně, Fakulta podnikatelská, 2011, 125 s., ISBN 978-80-214-4364-8.
WISNIEWSKI, M. Metody manažerského rozhodování. Praha: Grada Publishing a.s., 1996. 512 s. ISBN 80-7169-089-9.
JABLONSKÝ, J. Operační výzkum : kvantitativní modely pro ekonomické rozhodování. Praha: Professional Publishing, 2002. ISBN 80-86419-23-1.

Planned learning activities and teaching methods

The course is taught through lectures explaining the basic principles and theory of the discipline, including illustrative examples. Seminars are focused on practical topics presented in lectures, including mastering numerous tasks.

Assesment methods and criteria linked to learning outcomes

The following conditions have to be met by a student to be given the credit:
1. Successful completion of the semester project within the specified deadline.
2. Successful completion of credit test.
A maximum of 100 points may be obtained with a maximum of 50 points for credit test, 25 points for the semester project and 25 points for an eventual correction test. A minimum of 50 points need to be achieved for the credit.
Examination Requirements:
1. Successful completion of the exam test.
The exam is carried out in writing (if necessary an oral exam). For its successful completion it is necessary to reach min. 50% out of a possible score of the exam (maximum 30 points).
Overall evaluation of the course is based on the results obtained by exam with possible reference to the results obtained during the semester.

The grades and corresponding points:
A (30-27), B (26-24), C (23-21), D (20-18), E (17-15), F (14-0).

Language of instruction

Czech

Work placements

Not applicable.

Course curriculum

1. Definition of the course and introduction to basic terms.
2. Introduction to the linear programming, linear programming problems.
3. Formulation of the linear programming model.
4. Special type of linear programming problems.
5. Linear programming problems – solving methods (graphical, algebraic, software)
6. Post-optimality analysis (Sensitivity analysis).
7. Graph theory – basic concepts.
8. Construction of the network diagram (AOA, AON).
9. Critical Path Method (CPM).
10. Program Evaluation and Review Method (PERT).
11. Project time vs project cost.
12. Analysis of the generalized network diagram.
13. Inventory models.

Aims

The aim of the course is to make students acquainted with selected quantitative methods from the area of operation analysis and their applications for support of managerial decision-making. Emphasis is placed especially on the manager's view, which is based on the fact that by the application of quantitative methods is its main task focused on the model formulation phase, its interpretation and implementation of model outputs into the original real system. All of this with a focus on IS / ICT.

Specification of controlled education, way of implementation and compensation for absences

A student’s own work on the tasks assigned is checked.

Classification of course in study plans

  • Programme BAK Bachelor's

    branch BAK-EPM , 1. year of study, winter semester, 4 credits, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer

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