North Central Mindanao College
Maranding, Lala, Lanao Del Norte
Tel. No. (063) – 388 – 7213
University
College of Business Administration and Accountancy
AE 4: Management Science
1st Semester of A.Y. 2020-2021
Course Description Credit Units: 3
This course is an introduction to the basic theory underlying Management Science and
Operations Research. It focuses on linear programming, the fundamental concepts, and
algorithms. Applications drawn from different functional areas of business will also be
presented. In particular, the course will cover a variety of applications of management
science in the areas of finance, marketing, and production such as capital budgeting,
optimal sales allocation, and scheduling and distribution. Special cases of linear
COURSE GUIDE
programming problems, such as the transportation problem and assignment problems
will also be studied.
Course Outcomes
Students are able to:
Defines the basic concepts in the field of management
Discusses Management Science Techniques
Defines the basic elements of modern organization theory.
Discuss the introduction to linear programming
Understand the Linear Programming: Sensitivity Analysis and
Interpretation
Describes the Graphical Solution Procedure and Explains The
Electronic Communications
Understand the Linear Programming Applications in Marketing,
Finance, and Operation Management
Appreciate the Advance Linear Programming Applications
Explain the Distribution and Network Models;
Construct Nonlinear Optimization Models
Know the Project scheduling
Understand the Inventory Models
Explain the Multicriteria Decisions
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Course Outline
Unit 1. INTRODUCTION
Module 1: Problem Solving and Decision Making
Module 2: Method Used Most Frequently
Module 3: Simple Maximization Problem
Module 4: Graphical Solution Procedure
Unit 2. INTRODUCTION TO SENSITIVITY ANALYSIS SENSITIVITY ANALYSIS
Module 1: Introduction to sensitivity Analysis
Module 2: Sensitivity Analysis: Computer Solution
Module 3: The Electronic Communications Problem
Unit 3. LINEAR PROGRAMMING: APPLICATIONS IN MARKETIMG, FINANCE, AND OPERATION MGNT.
Module 1: Marketing Applications
Module 2: Financial Applications
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Module 3: Operation Management Applications
Unit 4. ADVANCE LINEAR PROGRAMMING APPLICATIONS
Module 1: Data Envelopment Analysis
Module 2: Revenue Management
Module 3: Supply Chain Models
Module 4: Assignment Problem
Course Materials
Learning Modules, Internet connections, Laptops, Smart phones and other gadgets.
Study Schedule
WEEK TOPICS ACTIVITY
Problem Solving and
Week 1:
Decision Making, Method “Setting the Scene”
August 24-28, 2020
Used Most Frequently
Interview and Critical
Week 2: Simple Maximization
Observation
August 31-Septerber 4, 2020 Problem
Graphical Solution
Week 3: Oral recitation
Procedure
Introduction to sensitivity Graded Recitations
Week 4:
Analysis
Sensitivity Analysis: Interactive lectures
Week 5:
Computer Solution
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The Electronic
Week 6: Reasoning and Proof
Communications Problem
Collaborative and
Week 7: Marketing Applications Integrative approach
Week 8: Financial Applications Show and Tell
Week 9: Midterm Examinations
(Date)
Operation Management Collaborative and
Week 10:
Applications Integrative approach
Data Envelopment
Week 11: Graded Recitations
Analysis
Week 12: Revenue Management Integrative approach
Graded Recitations
Week 13: Supply Chain Models
Interactive lectures
Week 14: Assignment Problem
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Reasoning and Proof
Week 15: Integer Linear Programming
Nonlinear Optimization Interactive lectures
Week 16:
Models
Interactive lectures
Week 17: Project Scheduling
Week 18: Final Examinations
(Date)
Course Requirements
Readings & homework, Computer assignment, Exams, Team Project
Grading System
Important Reminders
Appreciate the functions of mathematics in business and management. This is to
analyze and solve problems on important factors in managing a business: buying
products and selling products.
Instructor’s Contact Details
Adon Mike M. Catacutan, LPT
0906-1323-624
[email protected] 3
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COURSE GUIDE
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Crafted by Mr. Arvin Narvaza
