Course Outline

MGMT 441 : Introduction to Management Science

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Last approved: Wed, 20 Jan 2016 13:36:12 GMT

Last edit: Wed, 20 Jan 2016 13:36:11 GMT

MGMT 441-WW
Campus
Worldwide
College of Business (WBUAD)
MGMT
441
Introduction to Management Science
3
The study of management science encompasses the logical approach to solving optimal decision-making managerial problems by developing mathematical models. The course explores concise examples of how to solve these models as they apply in the industry. Topics to be covered include linear programming, sensitivity analysis, transportation and assignment models, inventory models, critical path method, program review and evaluation technique analysis, decision and queuing theory.

By the end of the course, students will become familiar with a variety of quantitative business analysis methods used, in order to make the best management decisions for the organization. Specifically, students will be able to solve problems with a focus on maximizing profits, minimizing costs, calculating optimal inventory orders, and supervising projects that improve management of operations.

Upon course completion, students will be able to:

1. Understand the role of management science as it applies to mathematical modeling.2. Explain the role that management science plays in the decision-making process.

3. Describe how to model management science problems to obtain optimal solutions.

4. Illustrate how to formulate and solve linear programming problems in order to make optimal decisions.

5. Illustrate how to formulate and solve linear programming applications in marketing, finance, and operations management.

6. Understand how to construct and solve distribution and network models.

7. Explain how to construct and solve PERT/CPM for project scheduling problems. )

8. Discuss how to solve problems involving inventory models.

9. Understand how to solve problems involving waiting line models.

10. Understand how to solve problems involving decision analysis models.

Located on the Daytona Beach Campus, the Jack R. Hunt Library is the primary library for all students of the Worldwide Campus. The Chief Academic Officer strongly recommends that every faculty member, where appropriate, require all students in his or her classes to access the Hunt Library or a comparable college-level local library for research. The results of this research can be used for class projects such as research papers, group discussion, or individual presentations. Students should feel comfortable with using the resources of the library. 


Web & Chat: http://huntlibrary.erau.edu
Email:  library@erau.edu
Text: (386) 968-8843
Library Phone:  (386) 226-7656 or (800) 678-9428
Hourshttp://huntlibrary.erau.edu/about/hours.html
 

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Written assignments must be formatted in accordance with the current edition of the Publication Manual of the American Psychological Association (APA) unless otherwise instructed in individual assignments.

ActivityPercent of Grade
Input Grading Item100

Undergraduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
60 - 69% D
0 - 60% F

Graduate Grade Scale

90 - 100% A
80 - 89% B
70 - 79% C
0 - 69% F
Constantine M. Koursaris - 2/15/2015
koursarc@erau.edu
Peter E. O’Reilly - 2/15/2015
oreillyp@erau.edu
Aaron Glassman - 2/15/2015
glassf10@erau.edu
Bobby McMasters
mcmas245@erau.edu
PO#NameDescription
1-5 Bachelor of Science in Technical Management 1. Employ supervisory and management skills needed to effectively lead and support others within a team environment across business functions. (BSTM PO-1)

2. Apply research to solve business problems and communicate the results effectively. (BSTM PO2)

3. Analyze and evaluate business functions and processes, identify needs, and structure business approaches using problem-solving, critical thinking, and established methodologies and standards. (BSTM PO-3)

4. Know key principles of business and management disciplines and their business applications; and the possible interrelationships to technical management practices especially in the field of aviation and aerospace. (BSTM PO-4)

5. Demonstrate a proficiency in identifying and solving problems related to the specialty areas of Information Systems, Information Security, Project Management, Logistics and Supply Chain Management, Engineering Science, or Occupational Safety and Health knowledge and the interrelationships to business and technical management practices. (BSTM PO-5)
Key: 409