BA3504 MANAGEMENT SCIENCE
| Course Code: | 3123504 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. AHMET ACAR |
| Offered Semester: | Fall Semesters. |
Course Objectives
By the end of the course the students will be able to
- attain an understanding on the basic theories of management science/quantitative modeling/operations research
- develop the analytical and critical thinking skills to model a business/management problem
- solve the management science models by using computer programs
- interpret the solutions of the management science models developed
Course Content
This is an introductory course covering the most commonly used models/methods of Operations Research/Management Science. Topics include: linear, integer and goal programming, sensitivity analysis and simulation modeling.
Course Learning Outcomes
By the end of the course the students will be able to
- make sense of linear programming models and its derivatives such as integer programming and goal-programming
- make sense of sensitivity analysis of linear programs
- interpret simulation models
- define and isolate decision variables from problem statements
- construct the appropriate mathematical models from problem statements
- code the mathematical models into a spreadsheet program(MS Excel)
- solve the models by using MS Excel’s Solver and RiskSim addons
- evaluate and interpret MS Excel spreadsheet outputs, answer report outputs as well as the sensitivity report outputs
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution