ECTS - Quantitative Methods for Management
Quantitative Methods for Management (AVM306) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Quantitative Methods for Management | AVM306 | 6. Semester | 3 | 0 | 0 | 3 | 7 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Question and Answer, Problem Solving. |
| Course Lecturer(s) |
|
| Course Objectives | This course enables the students to know the scientific approach to decision making when solving business problems. Several methods are introduced in applying mathematics to solve management problems quantitatively. The determination of the most efficient use of limited resources in maximizing some measure of benefits could be solved using analytical models. Determining the most profitable distribution pattern for transporting products from factories to markets, and determining the best way to assign a number of objects to a number of other objects are some major example problems handled in this course. Students will be able to apply the most widely used quantitative techniques in decision making and apply mathematics to technical problems in business management. Importance of certain mathematical techniques in getting the best possible solution to a problem involving limited resources will be discussed in this course. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Modeling, spreadsheet modeling, optimization, linear programming, integer programming, network models, transportation models, inventory models, queuing models, forecasting, multi-objective decision making. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to Modeling | |
| 2 | Introduction to Spreadsheet Modeling | |
| 3 | Introduction to Optimization | |
| 4 | Linear Programming Models | |
| 5 | Linear Programming Models | |
| 6 | Linear Programming Models Optimization Models with Integer Values | |
| 7 | Network Models | |
| 8 | Network Models | |
| 9 | Midterm | |
| 10 | Multi-objective Decision Making | |
| 11 | Inventory Models | |
| 12 | Inventory Models | |
| 13 | Forecasting Techniques | |
| 14 | Forecasting Techniques | |
| 15 | Queuing Models | |
| 16 | Final Exam |
Sources
| Course Book | 1. Albright F.C., Winston W.L., Management Science Modeling, Pearson Education, Prentice Hall, 2011 |
|---|---|
| 2. Taha, Hamdy A. Operations Research: An Introduction;, 6th Ed. Pearson Education Asia Pte Ltd., Singapore, 2001 | |
| 3. Render, Barry and Ralph M. Stair Jr., Quantitative Analysis for Management; 7th Ed., Prentice Hall, New Jersey, 2000 | |
| 4. Anderson, David R., Sweeney, Dennis J, and Williams, Thomas A., Quantitative Methods for Business: 9th Ed., South Western College Publishing, Cincinnati, Ohio, 2003 | |
| 5. Frederick S. Hillier, Mark S. Hillier; Introduction to Management Science: A Modeling and Case Studies Approach with Spreadsheets, , 3/e, McGraw Hill publishers. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 2 | 20 |
| Presentation | - | - |
| Project | - | - |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 30 |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 4 | 100 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | X |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Obtains the ability to identify, define, formulate, and solve problems in the field of aviation management, and to select and apply appropriate analytical and modeling techniques for this purpose. | X | ||||
| 2 | Acquires sufficient knowledge in Business Administration, Management, and Aviation Management, and obtains the ability to apply both theoretical and practical knowledge from these fields to identify and solve problems encountered in air transportation management. | X | ||||
| 3 | Acquires the ability to design a complex system or process related to aviation management in such a way that it meets specific requirements under realistic constraints and conditions; and acquires the ability to apply modern design methods for this purpose. Realistic constraints and conditions include factors such as economic considerations, environmental issues, sustainability, manufacturability, ethics, health, safety, and social and political factors, depending on the nature of the design. | X | ||||
| 4 | Acquires the ability to develop, select, and utilize modern techniques and tools required for applications in aviation management; and obtains the ability to effectively use information technologies. | X | ||||
| 5 | Acquires the ability to design experiments, conduct experiments, collect data, and analyze and interpret results for the investigation of problems in aviation management. | X | ||||
| 6 | The ability to work effectively in the disciplinary and multi-disciplinary teams; individual study skills. | X | ||||
| 7 | Gains the ability to communicate effectively in English, both orally and in writing; and possesses knowledge of at least one foreign language at a minimum of B1 General Level of the Common European Framework of Reference for Languages (CEFR), enabling them to follow developments in their field and share knowledge with others. | X | ||||
| 8 | Develops an awareness of the necessity of lifelong learning; and gains the ability to access information, follow developments in science and technology, and continuously improve oneself. | X | ||||
| 9 | Acquires knowledge about professional practices such as project management, risk management, and change management; and develops awareness of entrepreneurship, innovation, and sustainable development. | |||||
| 10 | Acquires knowledge about the universal and societal impacts of aviation management practices on health, environment, and safety, and develops awareness of the legal consequences of the practices to be implemented. | X | ||||
| 11 | Becomes aware of the impact of management practices and workplace operations in aviation management businesses on employees' health, the environment, and occupational safety, and develops awareness of the legal consequences of practices in these areas. | X | ||||
| 12 | Acquires an awareness of professional and ethical responsibility. | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 14 | 5 | 70 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 2 | 10 | 20 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 20 | 20 |
| Prepration of Final Exams/Final Jury | 1 | 25 | 25 |
| Total Workload | 183 | ||