Course detail

Quantitative methods

FP-kvmPAcad. year: 2019/2020

The course is focused on theoretical explanation and practical application of selected methods of operational analysis as a systemic basis of quantitative approach to decision making. Emphasis is placed especially on the manager's view, which is based on the fact that in the application of quantitative methods his main task focuses on the phase of model formulation, its interpretation and implementation of model outputs into the original real system.

Learning outcomes of the course unit

Upon successful completion of this course, students will be able to apply selected quantitative methods from the field of operational analysis in solving specific economic and managerial decision-making problems.

Prerequisites

Not applicable.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

DOSKOČIL, R. Kvantitativní metody. 2.vyd. Brno: Akademické nakladatelství CERM, 2019, 260 s. ISBN 978-80-214-5716-4. (CS)
ANDERSON, D.R. et al. Quantitative Methods for Business. 13th ed. Boston: Cengage Learning, 2016, 914 p. ISBN-13: 978-1-285-86631-4. (EN)
GRASSEOVÁ, M. Efektivní rozhodování: analyzování - rozhodování - implementace a hodnocení. Brno: Edika, 2013, 392 s. ISBN 978-80-266-0179-1. (CS)
GROS, I. Kvantitativní metody v manažerském rozhodování. 1. vyd. Praha: Grada Publishing a.s., 2003, 432 s. ISBN 80-247-0421-8. (CS)
JABLONSKÝ, J. Operační výzkum: kvantitativní modely pro ekonomické rozhodování. 3. vyd. Praha: Professional Publishing, 2007, 323 s. ISBN 978-80-86946-44-3. (CS)
MATEO, J.R.S.C. Management Science, Operations Research and Project Management: Modelling, Evaluation, Scheduling, Monitoring. Farnham: Taylor & Francis Group, 2015, 227 p. ISBN 9781472426437. (EN)
PLEVNÝ, M.; ŽIŽKA, M. Modelování a optimalizace v manažerském rozhodování. 2.vyd. Plzeň: Západočeská univerzita v Plzni, 2010, 296 s. ISBN 978-80-7043-933-3. (CS)
ŠUBRT, T. kol. Ekonomicko-matematické metody. 2. upravené vydání. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2015, 331 s. ISBN 978-80-7380-563-0. (CS)

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

he 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. For its successful completion it is necessary to reach min. 50% out of a possible score of the exam.
Overall evaluation of the course is based on the results obtained by exam with possible reference to the results obtained during the semester.

Language of instruction

Czech

Work placements

Not applicable.

Course curriculum

1. Operational analysis as a systemic basis for a quantitative approach to decision-making.
2. Introduction to linear programming, process of formulation of linear programming problem.
3. Formulation of mathematical model of linear programming problem.
4. Special types of linear programming problems.
5. Graphical solution of linear programming problems.
6. Linear programming – simplex algorithm.
7. Post-optimality analysis of linear programming problems.
8. Software for modelling linear programming problems.
9. Basic concepts of graph theory and construction of project network graph.
10. Network analysis methods – CPM method (Critical Path Method).
11. Network analysis methods – PERT method (Program Evaluation and Review Technique).
12. Network analysis methods – GERT method (Graphical Evaluation and Review Technique).
13. Inventory theory models.

Aims

The aim of the course is to acquaint students with selected quantitative methods from the field of operational analysis and their practical application, which strengthens the skills of logical and systems thinking in solving decision problems in economic systems.

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-EP Bachelor's, 2. year of study, winter semester, 5 credits, compulsory-optional

  • Programme BAK Bachelor's

    branch BAK-EP , 2. year of study, winter semester, 5 credits, compulsory

  • Programme BAK-PM Bachelor's, 2. year of study, winter semester, 5 credits, compulsory-optional

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer

eLearning