AMS2001 - Quantitative Methods for Business Management

Year of Study:2 - 4
Credit Units: 3
Duration: 45hours
Prerequisites: Nil
Module Description
This module aims to introduce to students the fundamental topics in operations research and

develop students’ ability to solve a business problem using a mathematical model. Students

can acquire the basic theories and techniques of linear programming, network optimization

models and inventory models. Students are enabled to choose the appropriate techniques to

suit a particular problem and appreciate the use of mathematical, computational and statistical

techniques in solving real-world problems. Applications to business management are provided.
Learning Outcomes
Upon completion of this module, students should be able to:

  1. understand the basic concepts, theories and impact of operations research and their importance to the business community;

  2. solve a real life business problem using a mathematical model;

  3. adopt quantitative methodologies with/without the use of computer software to find the optimal solution of decision making problem; and

  4. interpret the solution and convey the analytical results of business problems accurately.