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Module 8 - Quantitative Methods

This document outlines a course module on data management and analytics. The module introduces students to techniques for modeling and optimizing business situations quantitatively, including time-series analysis, regression, linear and nonlinear optimization, probabilistic modeling, decision analysis, and simulation. Students will learn about data management, descriptive and inferential statistics, forecasting, linear programming, financial optimization models, network optimization, integer programming, decision analysis, and spreadsheet simulation. The module aims to provide students with an understanding of quantitative methods for data analysis, modeling, and decision-making in business.

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Rolando Carlos Flores
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Download as DOCX, PDF, TXT or read online on Scribd
1K views

Module 8 - Quantitative Methods

This document outlines a course module on data management and analytics. The module introduces students to techniques for modeling and optimizing business situations quantitatively, including time-series analysis, regression, linear and nonlinear optimization, probabilistic modeling, decision analysis, and simulation. Students will learn about data management, descriptive and inferential statistics, forecasting, linear programming, financial optimization models, network optimization, integer programming, decision analysis, and spreadsheet simulation. The module aims to provide students with an understanding of quantitative methods for data analysis, modeling, and decision-making in business.

Uploaded by

Rolando Carlos Flores
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LA UNION COLLEGES OF SCIENCE AND TECHNOLOGY

Central West, Bauang, La Union


College of Computing and Information Technology Education

Bachelor of Science in Information Technology


MODULE

I. COURSE TITLE : Quantitative Methods with Modeling and Simulation

II. MODULE TITLE: Data Management and Analytics

III. INTRODUCTION: This course provides you with an understanding of how various business
situations are modeled and optimized effectively using mathematical modeling and
quantitative techniques. Examples of the techniques covered in this course are time-series
analysis, regression, optimization (linear, nonlinear, and discrete), probabilistic modeling,
decision analysis, and simulation. Application areas include forecasting, finance,
operations, production and logistics.

IV. MODULE OBJECTIVES

V. LEARNING CONTENT

PRELIM
Module I: Data Management, Statistics, and Forecasting
1. Introduction to Mathematical Modeling - Business modeling examples, the modeling
process, certainty and uncertainty in models. Importance of understanding data before
modeling, and modeling with spreadsheet in simple decision situations. Data Analysis in
spreadsheet.
2. Statistics - Review of descriptive statistics, confidence intervals, distribution fit,
hypothesis testing, regression analysis.
3. Forecasting - Quantitative Methods in Forecasting, Time series analysis, seasonal
demand, regression.

MIDTERM
Module II: Optimization
1. Linear Programming Models - Decision Variables, objectives, constraints, Blending
Models, Product Mix Models, Linear Programming Solver, Sensitivity and what-if
analysis
2. Linear and Nonlinear Models, Financial Optimization - Multi-period planning models,
nonlinear models, Markovitz model, Capital budgeting models, Reinvestment models
3. Network and Integer Optimization - Assignment, staffing, scheduling, shortest path
problems. Transportation and Transshipment models, Introduction to Integer Programs.
4. Integer and multi-objective optimization, location, routing and logistics - Facility location
and logistics modeling, multi-objective modeling
FINAL
Module III: Decision Analysis and Simulation
1. Decision Analysis - Decision criterion, advanced probabilistic decision models, expected
value of perfect and imperfect information, decision trees, and utility functions.
2. Spreadsheet Simulation - Basics of Monte-Carlo simulation, Input and Output analysis.
Queueing Analysis - Design and analysis of production and service system using
queueing models to predict and mitigate delay and congestion

VI. LEARNING ACTIVITIES/ EVALUATION

VII. PERFRORMANCE TASK

VIII. SUMMARY

IX. REFERENCES

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