One of the most important responsibilities of managers in businesses is to make decisions. Today's competitive conditions require optimal decisions to be supported by numerical methods. The aim of this course is to gain the knowledge and ability to formulate a problem encountered in decision making, to establish a mathematical model, to obtain the solution from the model, to check the model and its solution, to evaluate, to apply the obtained solution.
Due to distance education, students need to contact their instructors via e-mail.
Teaching Methods and Techniques
Lectures, power-point presentations
Principle Sources
“Decision Modeling with Microsoft Excel“, J.H. Moore,2001
“Quantitative Methods for Bussiness & Economics“, G. Burton , 2002
“Management Science“, B.Taylor, 2002
“Quantitative Analysis for Management”, Barry Render,2003
“Yöneylem Araştırması”, Nazan Çağlar, 2006
Other Sources
Case studies and lecture notes to be given by the lecturer are among the other resources
Course Schedules
Week
Contents
Learning Methods
1. Week
Operations research science
Lectures, power-point presentations
2. Week
Lineer Programming: Model formulation
Lectures, power-point presentations
3. Week
Graphical solution
Lectures, power-point presentations
4. Week
Graphical solution applications
Lectures, power-point presentations
5. Week
Simplex solution
Lectures, . power-point presentations
6. Week
Maximization problem simplex solution
Lectures, power-point presentations
7. Week
Minimization problem simplex solution
Lectures, power-point presentations
8. Week
Midterm
online
9. Week
Midterm
online
10. Week
Dual models,Applications
Lectures, power-point presentations
11. Week
Transportation models
Lectures, power-point presentations
12. Week
Transportation model applications
Lectures, . power-point presentations
13. Week
Assignment models
Lectures, power-point presentations
14. Week
Assignment model applications
Lectures, power-point presentations
15. Week
Final Exam Week
Online
16. Week
Final Exam Week
online
17. Week
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
35
Quizzes
1
15
Final Exam
1
50
Program Outcomes
PO-1
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioural sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modelling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develops effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in Turkish, and acquires competence in minimum one foreign language.
Learning Outcomes
LO-1
To be able to evaluate the economic data with structure of analytical thinking
LO-2
Learn how to predict and model by analyzing the relationship of economic data
LO-3
Considering implementation of optimal decision-making models to business problems
LO-4
Formulate a problem about decision-making, build a mathematical model, obtain a solution from the model,control the model and its solution, evaluate, apply the solution obtained
LO-5
Finding solutions of problems encountered in business by means of analytical thinking
