This course introduces the students of accounting to the tools of management science methodology commonly used in management’s efforts to understand and analyze varieties of business problems. The course content will focus on mathematical programming: Linear programming: theory and practice, special types of linear programming problems—the transportation problem, transshipment problem, and assignment problem and their applications in business. Network models, including PERT-CPM techniques and their applications in project management. Dynamic programming; Game theory: two-person, zero-sum games and their applications in management decision situations. Probabilistic Models: Queuing theory, Inventory control models, Markov decision processes and their applications; Decision theory; Decision support systems. Applications of computer software and packages, including using the Internet, in QA research and problem-solving.


 


Level of Study: 300 Level