16 August 2024
Quantitative Tools for Qualified Managerial Decision Making
The course is organized by the Faculty of Management and Economics.
Subjects covered:
- Problem Solving and Quantitative Analysis for Decision Making, Model Development, Data Preparation, Model Solution, Report Generation, Implementation, Management Science Technique
- Linear Programming. Problem Formulation, Economical Model, Mathematical Model, Solution (Graphical, Software), Sensitivity Analysis and Interpretation of Solution. Linear Programming Applications (Marketing, Finance, Production Management, Transportation). Solution of LP Models – the Simplex Method, Distribution Method
- Network Models. Shortest Route Problem, Minimal Spanning Tree Problem, Maximal Flow Problem. Project Scheduling – CPM/PERT (the Concept of Critical Path, Determining of Critical Path, Time Slacks), Time-Cost Analysis
- Waiting Line Models (Queuing Theory). Structure of Waiting Line System (Single-Channel Waiting Line, Distribution of Arrivals, Distribution of Service Time, Queue Discipline, Steady-State Situation, Multiple-Channel Waiting Line Models, Economic Analysis of Waiting Lines
Tuition and fees: course, accommodation, breakfasts, and events are included
Course leader
RNDr. Bedřich Zimola, Ph.D.
Target group
Students with knowledge of:
- basics of mathematics
- linear algebra, and
- statistics
Fee info
EUR 749: Fee covers:
- tuition
- accommodation in Halls of Residence (4 - 17 August)
- breakfasts
- orientation
- welcome dinner
- social and cultural activities
- whole-day trip
- individual support by locals
Early Bird: EUR 749; Deadline: 30 April 2024
EUR 799: Fee covers:
- tuition
- accommodation in Halls of Residence (4 - 17 August)
- breakfasts
- orientation
- welcome dinner
- social and cultural activities
- day trip
- individual support by locals
Regular: EUR 799; Deadline: 31 May 2024