This text is especially relevant to students studying quantitative techniques as part of business, management and/or finance on undergraduate and professional courses, especially: ACCA; CIMA; CIPFA; ICA, IOB, ICAEW. This introductory interdisciplinary textbook covers all the major topics involved at the interface between business and management on the one hand and mathematics and statistics on the other. Topics dealt with include logistics, finance, production and operations management, and economics.
1. Introduction to quantitative techniques.
2. Probability and decision making.
3. Decision trees.
Assessment and revision chapters 1-3.
4. Statistics - introduction.
5. Statistics - statistical inference.
6. Statistics - hypothesis testing.
7. Linear correlation and regression.
8. Multiple and non-linear regression.
9. Forecasting - time series analysis.
Assessment and revision chapters 4-9.
10. Calculus.
11. Inventory control - introduction and terminology.
12. Inventory control - types of control system.
13. Inventory control - economic order quantity.
14. Inventory control - safety stocks and re-order levels.
15. Simulation.
Assessment and revision chapters 10-15.
16. Linear programming - introduction.
17. Linear programming - graphical solutions.
18. Linear programming - simplex method for maximising.
19. Linear programming - simplex method for minimising.
20. Transportation.
21. Assignment.
Assessment and revision chapters 16-21.
22. Network Analysis - introduction and terminology.
23. Network Analysis - time analysis.
24. Network Analysis - cost scheduling.
25. Network Analysis - resource scheduling
26. Network Analysis - activity on nodes
Assessment and revision chapters 22-26.
27. Financial mathematics.
28. Investment appraisal - background and techniques.
29. Investment appraisal - uncertainty and capital rationing.
30. Matrix algebra.
31. Replacement analysis.
Assessment and revision chapters 27-31.
Statistical and financial tables.
Answers to examination questions.
Index.
