My goal in writing Quantitative Methods for Business Decisions has been to provide a complete and modern treatment of basic management science methodology. The book is written for college students who have only an algebra background. Even more important, it is designed to provide a feeling for the variety and power of management science tools, to alleviate apprehension of the subject, and to enable students to recognize on-the-job situations in which management science methodology can be successfully employed.
The book has been thoroughly class-tested many times in a variety of different courses, which has resulted in the culling, revising, and grading of the problem material. In general, the problems are broken into several distinct parts to make the student's job easier and to permit the instructor added flexibility in making assignments. As an added bonus, brief answers to selected problems are provided in the back of the book, so that students can check their own work. Questions for each end-of -chapter case appear with the case, and the cases themselves have been upgraded for this edition.
1. Introduction to quantitative Methods for Decision making
2. Probability Concepts
3. Probability Distributions, Expected Value, and Sampling
4. Assessing Probabilities through judgment
5. Forecasting
6. Inventory Decisions with Certain Factors
7. Inventory Decisions with Uncertain Factors
8. Linear Programming
9. Linear Programming Formulation and computer Solution
10. Solving Linear Programs I: The Simplex Method
,etc.