QMB 3301– QUANTITATIVE METHODS IN ... - Faculty.utep.edu

QMB 3301– QUANTITATIVE METHODS IN BUSINESS
Fall 2005 CRN:17056 TR 6:00 – 7:20 p.m. BUSN 331
Instructor: Dr. Alex J. Ruiz-Torres Phone: (915) 747-5970
Office: 220 Fax: (915) 747-5126
Office hours: TR 3:00 – 5:00 p.m. E-Mail: aruiztor@utep.edu
COURSE DESCRIPTION (From Goldmine)
Introduction to quantitative methods applied to business decision making. These methods
include linear, integer, and goal programming, network analysis, and transportation linear
programming. A major effort is devoted to computerized solution techniques to provide
managerial information. Restricted to majors: ACCT, BSAD, CIS, ECON, FIN, MGMT, and
MKT. Prerequisite: QMB 2301.
COURSE OBJECTIVES
• Students will learn how to model business problems using a variety of quantitative
modeling methods.
• To equip the student with analytical and computer modeling skills (via Excel) applied to
business decision-making problems.
The ability of students to develop quantitative models to address business problems will be
measured by their performance in the mid-term/final examinations and quizzes. Homework
will be used to foster the development of these skills and to evaluate the student ability to
apply these skills into computer models via Excel exercises.
REQUIRED TEXT
Anderson, David R., Sweeny, Dennis J., and Williams, Thomas A., An Introduction to
Management Science, Quantitative Approaches to Decision Making, 11th ed., West
Publishing Company, 2004. ISBN: 0-324-20231-8
ATTENDANCE
You are expected to attend classes regularly and on time. You take full responsibility when
you miss class or come to class late.
COURSE GRADING
Mid-Term Exams (2)
Final Exam
Quizzes
Homework
Total
2@100 = 200 points
120 points
50 points
50 points
420 points
Letter Grades: A: 90 – 100%; B: 80 – 89%; C: 70 – 79%; D: 60 – 69%; F: 59% or below.

QMB 3301 – Fall 2005 2
EXAMS (320 Points)
There will be two midterm exams and a final exam. The final exam will deal primarily with
topics covered since the second midterm exam but familiarity with earlier topics may be
needed.
Make-up exams will be given at the instructor’s discretion based on valid, documented
excuses, and must be arranged at least 48 hours in advance whenever possible.
QUIZZES (50 Points)
Announced and unannounced. You must be inside the classroom at the start of the quiz to
be eligible to take the quiz.
HOMEWORK (50 Points)
No late homework will be accepted. Includes group based and Excel based.
COURSE DROP POLICY
Information on the last day to drop this course is provided in the university calendar. After
this deadline, students will be dropped from a course with a grade of "F". A grade of "W"
can be assigned after the deadline only under exceptional circumstances, and only with the
approval of the instructor and the academic dean. In such a case, the student must petition
for the "W" in writing and provide the necessary supporting documentation.
ACADEMIC INTEGRITY
In the classroom and in all other academic activities, students are expected to uphold the
highest standards of academic integrity. Any student who commits an act of scholastic
dishonesty (copying, plagiarism, collusion, taking an examination for another person, or any
such act intended to provide unfair advantage to a student or group of students) is subject
to disciplinary action. Evidence of academic dishonesty may be forwarded to the Dean of
Students and may result in sanctions, including possible suspension or dismissal from the
University.
SPECIAL ACCOMMODATIONS
Should you have a documented disability and require any auxiliary aids, services, or
accommodations, please see me after class or call me in order to discuss your specific needs.
If you feel you may have a disability but do not have appropriate documentation, contact
the Disabled Student Services Office at 747-5148, go to Room 106E Union, or e-mail:
dss@utep.edu.
3 TIME RULE
The University and College have established rules regarding the number of times a course
can be repeated and the cost of repeating courses. Typically the maximum number of times
a course can be repeated is 3 (with exceptions) and the third time may require additional
fees.
DISRUPTIONS
You are expected to be inside the classroom by the start of class and to stay in class for its
duration. Please minimize class disruptions by completing bathroom visits before class time.
Please turnoff your cell phone once you are in the classroom.

QMB 3301 – Fall 2005 3
COURSE SCHEDULE
The instructor will attempt to adhere to the course schedule given below, but does reserve
the right to alter course content, class assignments and activities, and/or dates as deemed
necessary.
Week
Chapter and Topic
1 Ch 1. Introduction to Course/ Ch2. Linear Programming
2 Ch 2. Linear Programming/ Ch 3. Sensitivity Analysis
3 Ch 4. LP Applications
4 Ch 5. Transportation and Assignment Problems
5 Excel based Math Programming models
6
Mid-Term 1 Review (Tue)
Mid-Term Test 1 (Thursday)
7 Ch 9. Network Models/ Ch 10. Project Scheduling
8 Ch 10. Project Scheduling/ Ch 12. Waiting Line Models
9 Ch 12. Waiting Line Models/ Ch 13. Simulation Models
10
Mid-Term 2 Review (Tue)
Mid-Term Test 2 (Thursday)
11 Ch 14. Decision Analysis
12 Ch 14. Decision Analysis/ Excel based Decision Tools
13 Ch 16. Forecasting Models
14 Ch 16. Forecasting Models
15 Excel based Forecasting Tools
Finals
Weeks
Final Exam. Thursday Dec 8. 7:00-9:45 PM.