Quantitative Methods for Business Decisions
Course Code:
QMB4200
Credit Hours:
3
Effective beginning:
2023-24
Sections:
000
Course Description:This course deals with business decision making. Effective decision making is vital to every basic function of a business firm and to its overall success. Business decision making is viewed as a process which involves the identification and formulation of a business problem, development of alternatives for solving the problem, and selection of the best alternative and specific course of action.
Course Details
Required textbooks/ course materials:
No textbook or course materials are required to purchase for this course. Materials will be provided by the instructor.
Assignment/course outline:
See first-day handout.
Discipline-level learning outcomes:
Bachelor of Science in Business Administration degree Learning Outcomes:
BA-1 Exhibit knowledge of accounting, finance, management, legal, operations and marketing.
BA-2 Identify MIS, economics, technology, statistical data and decision support tools for making effective business decisions.
BA-3 Recognize the impact of today’s global economy, diversity and cultures on businesses.
BA-4 Comprehend how effective leadership, teamwork and ethics relate to best business practices.
BA-5 Use effective oral and written communication skills, including effective research techniques.
Course-level learning outcomes:
| Course-level student learning outcomes | Discipline-level learning outcomes | Assessment methods |
|---|---|---|
|
Evaluate the management science, logical, consistent, and systematic approach to solving problems. Appraise linear programming models and techniques to solve business problems. Propose network flow models to solve shortest route, minimal spanning tree, and maximal flow problems. Contrast projects utilizing CPM and PERT networks. Evaluate non-linear programming and its problem solving applications. Appraise inventory management techniques to reduce the cost of inventory. |
BA-1, BA-2, BA-3, BA-4, BA-5 BA-1, BA-2, BA-3, BA-4, BA-5 BA-1, BA-2, BA-3, BA-4, BA-5 BA-1, BA-2, BA-3, BA-4, BA-5 BA-1, BA-2, BA-3, BA-4, BA-5 BA-1, BA-2, BA-3, BA-4, BA-5 |
Homework, Tests, Quizzes |
Means of accomplishing learning outcomes:
In-Person
The instructor will:
- Lecture and lead class discussions.
- Assign readings from textbooks and/or other sources to supplement lectures.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly office hours to address questions and student needs outside of class time.
The students will:
- Attend class regularly and be attentive to lectures.
- Engage with class discussion.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc., as assigned by the instructor.
Online
The instructor will:
- Lead class discussions.
- Assign textbook and/or other readings.
- Provide supplemental materials that align with the material presented in the textbook as appropriate.
- Design assignments, quizzes, discussions, etc., to help students engage with the course material.
- Use other teaching strategies to assist students in examining and understanding course materials as needed.
- Provide timely feedback on assignments.
- Hold weekly virtual office hours to address questions and student needs.
The students will:
- Engage with the course regularly.
- Engage with class discussions.
- Participate in student discussion groups.
- Read assigned readings.
- Complete assignments, quizzes, discussion boards, etc. as assigned by instructor.
College-wide policies and resources
For more specific information on Chipola's college-wide academic policies and resources available to students, visit the link below.
Policies & Resources