BA5503 MANAGEMENT SCIENCE
| Course Code: | 3125503 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Assoc.Prof.Dr. ÇAĞRI TOPAL, Assoc.Prof.Dr. GÜLŞAH KARAKAYA |
| 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
- prepare and present a group term-project that involves the application of the techniques learnt in the course to a particular decision problem consisting of real data and real decision makers
Course Content
Covers the most commonly used models/methods of Operations Research/ Management Science; emphasizes business applications rather than a mastery of the solution algorithms. Linear and dynamic programming, inventory and queuing models, simulation modelling and applications are studied.
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
- participate in team-work to prepare a term-project that involves the application of the techniques learnt in the course to a particular decision problem consisting of real data and real decision makers
- effectively communicate this team-work to other classmates via oral presentation in English
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 synthesizing the knowledge that they attained in the area of business administration with the knowledge base that they developed in their undergraduate specialisms. | ✔ | |||
| 3 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 4 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 5 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they developed in diverse fields efficiently. | ✔ | |||
| 6 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 7 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 8 | They know methods of performing efficient teamwork. | ✔ | |||
| 9 | They are capable of understanding and synthesizing academic and scientific research in their areas and able to transform such research into useful knowledge. | ✔ | |||
| 10 | They have competence in all of the stages of scientific research and processes. | ✔ | |||
| 11 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 12 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 13 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values. | ✔ | |||
| 14 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution