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11 Videos (1h 55m)
• Course Introduction

1:32
• What will I learn?

2:23
• What is Management Science?

14:35
• What is Break Even analysis?

11:36
• Introduction to Linear Modeling

6:03
• Break even analysis in action

12:21
• Linear Modeling - Diet Exercise

19:56
• Linear Modeling - Minimizing Transportation Costs

16:25
• Effective Project Management

16:05
• How to make effective decisions?

12:02
• Course Conclusion

2:03

The stuff of management science can seem abstract, and students sometimes have trouble perceiving the usefulness of quantitative courses in general. Part of the problem is that the examples used in books often do not seem realistic.

Unfortunately, examples must be made simple to facilitate the learning process. Larger, more complex examples reflecting actual applications would be too complex to help the student learn the modeling technique. The modeling techniques in this course are, in fact, used extensively in the business world, and their use is increasing rapidly because of information technology.

The real objective of management science is to solve the decision-making problems that confront managers by developing mathematical models of those problems

For this course, the main goal is to demonstrate solutions to various problems that managers face every single day. From maximizing profitability, minimizing transportation costs, to optimizing employee scheduling – this course will provide you with a hands-on approach to dealing with management science models and techniques.

There is no mathematical programming in this course or learning complex formulas, as we will use Microsoft Excel as an aid to solving various common business scenarios that you encounter at the workplace. You will learn how to:

• Choose to apply the right Management Science Model and Technique
• Apply linear programming to solve common business problems
• Conduct a Break even Analysis
• Learn to make effective decisions using Management Science techniques
• Use linear programming: Maximizing diet options example
• Use linear programming to minimize transportation costs

The whole idea is to make these mathematical topics seem less complex and present them in a practical way to your benefit. Each modeling technique is explained with straight forward examples followed by hands-on tutorials.

1 of 1 students recommend

Excellent course!

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Syed Raza

Web Developer | Entrepreneur-CEO www.claydesk.com

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Syed graduated from University of Wisconsin in 1995 with a BBA in Finance. Subsequently, he obtained an MBA from Concordia University, LLB and DBL degrees from University Law College, and PhD in Management Sciences. Having obtained MCSE (Microsoft Certified Systems Engineer), MCP+I (Microsoft Certified Professional + Internet), and MCT (Microsoft Certified Trainer), Syed has provided training to thousands of students. ClayDesk provides e-Discovery and cloud computing services including technical training to a wide range of clients globally. Highly motivated and goal oriented professional, with over 20 years of combined experience in the fields Law, Management, and IT, Syed also focuses on e-discovery issues in complex civil litigation. As a trial attorney with significant experience in matters relating to patent infringement, defense and prosecution in the pharmaceutical industry, contracts disputes, real estate, criminal matters, and international human rights law. Syed provides guidance and counsel to attorneys and clients on all aspects of discovery, including information management, data preservation and collection, early case assessment, comprehensive managed review and production.

Syed Raza is an entrepreneur running his own e-learning site along with providing e-discovery and cloud computing consulting and services to a global client base. Syed is a Microsoft Certified Trainer and a Systems Engineer, and his solid finance and management background gives him a competitive edge. He has taught thousands of students in the Uited States and continues to inspire students of all ages.

Mission Statement- ClayDesk e-discovery and cloud computing is dedicated to provide superior e-learning and outsourcing services worldwide.