Indian Institute of Management Sirmaur
Course Outline
Programme : MBA
Name of the Course: QAM – III
Core / Elective: Core
Credit: 0.5
Academic Year & Term: 2023-24 & Term - III
Course Coordinator: Prof. Vandana
Email:
vandana@iimsirmaur.ac.in
Instructor: Prof Vandana
Affiliation: IIM Sirmaur
Email: vandana@iimsirmaur.ac.in
Introduction to Course /Course Description
Course Objective and Key-takeaways from the course
The course is application-oriented, and it uses a problem-solving approach. The purpose of this
course is to provide the participants with a sound conceptual understanding and application of
various scientific methods and techniques for business decision-making in an efficient and
effective way. After going through this course, the participants will be able to structure, analyze
and solve real-life problem situations in their working environment. The goal of this course is to
teach you to formulate, analyze, and solve mathematical models that represent real-world
problems. The course involves the extensive use of EXCEL for solving decision-making problems.
Learning Outcomes:
1. Be able to understand the characteristics of different types of decision-making
environments and the appropriate decision-making approaches and tools to be used in
each type.
2. Possess the ability to think critically and find solutions to managerial decision-making
problems.
3. Based on the group assignments they will possess the knowledge to become effective
team players and good organizational citizens.
4. Improve the thinking and analytical skills to be able to build and solve decision-making
problems.
5. Practical and subject-specific skills (Transferable Skills). - Be able to implement practical
cases, by using Excel.
6. Acquaint themselves with established and emerging technologies for effective decisionmaking.
Pre-requisites
QAM II (Term II of MBA programme)
TEXT BOOKS
1.
Book: An Introduction to Management Science: Quantitative Approaches to Decision Making | 14th Edition
cengage publisher. David R. Anderson/Dennis J. Sweeney/Thomas A. Williams/Jeffrey D. Camm/James J.
Cochran/Michael J. Fry/Jeffrey W. Ohlmann (ASW)
REFERENCE BOOKS
1-2
1.
Aczel, A., Sounderpandian, J., Saravanan, P., and Joshi, R. (2017) Complete Business Statistics, 7th edition, Tata
McGraw Hill Education, Delhi.
2.
Quantitative Analysis for Management, by B Render, RM Stair, ME Hanna - Prentice-Hall of India
3.
Introduction to Operations Research, Frederick S. Hillier and Gerald J. Lieberman, Tata McGraw Hill, New Delhi
4.
Statistics for Business and Economics by David R. Anderson, Dennis J. Sweeny and Thomas A. Williams,
Thomson, South-Western.
5.
Introduction to Management Science by Hillier and Hillier; Tata McGraw Hill Publishing Co. Ltd.
Topics
Intended Learning
Outcomes
References
Decision Tree
Students will be able
to understand how to
take decisions based
on real-world
Chapter 13
problems.
Simulation
Students will be able
Chapter 12
to understand realworld problems in the
form of simulation.
Goal Programming
Understand the
Chapter 14
theoretical
Case: Apoorva: A Facility Location functioning of the
Dilemma
multi-criteria decisionmaking problem and
Product: W17644-PDF-ENG
execute the iterations
manually.
3-4
5-6
7-8
Analytic Hierarchy Process
Students will be able
Chapter 14
to formulate a realCase: DECISION MAKING AT A- world problem in the
CAT CORP
form of a
Product#: W11179-PDF-ENG
mathematical
programming model
and solution approach
by AHP in the business
scenario.
9-10
Non-Linear Programming
Students will be able Chapter 8
to understand realworld problems in the
form of non-linear
scenarios.
Evaluation Components


Components
Mid term
End term
Quizzes
Assignment/Class participants
Weightage
30%
30%
20%
20%
Hypothetical Example of mapping for Business Ethics with Programme Level Goals
Goal 1
Goal 2
Goal 3
Goal 4
Goal 5
Goal 6
Goal 7
Critical Thinking &
Problem Solving
Abilities
a, b
Integrative
Thinking Abilities
a, b
Cognizance of
Organizational
Citizenship
a, b
QAM III (a,b)
QAM III (a,b)
QAM III (a,b)
Ability to Lead
in the age of
Globalized
Environment
a, b, c
Ethical values &
Multi-stakeholder
View
a,b,c
Ability to
Articulate
a, b
Technological
Competence
a, b
QAM III a
QAM III (a,b)
Reference Document
MBA/Ph.D./MBA(T&HM)
Aim & Objectives of the Post Graduate Programme for Executives:
The overall goals of the PGPEX/MBAEx are to prepare talented mid-career executives for top
management positions in business and industry. In what follows, we list the learning goals (ILOs)
and corresponding learning outcomes for each goal. Our students would:
Learning Goals
1. Possess the ability to think critically and find solutions to managerial problems
Learning Objectives
Our students would be able to:
a) Relate their experiential learning to theory for critical reflection on management principles
and practice
b) Learn to use analytical tools of various disciplines and functions in practical situations
2. Possess the ability to integrate their learning across functional boundaries
Learning Objectives
Our students would be able to :
a) Adopt a systems thinking approach to problem solving
b) Enhance their ability to work with various stakeholders
3. Possess knowledge to become effective team players and good organisational citizens
Learning Objectives
Our students would be able to:
a) Learn about self, group and inter-group dynamics
b) Learn to take initiative, facilitate and participate in teams
4. Acquire Leadership Competencies in the Age of Globalisation
Learning Objectives
Our students would be able to:
a) Acquire the ability to understand and analyse the global business environment
b) Acquire the ability to lead in a multicultural environment
c) Acquire an understanding of the principles of effecting change in a multi cultural
environment
5. Develop ethical values and a multi-stakeholder perspective
Learning Objectives
Our students would be able to:
a) Recognise and explore ethical issues
b) Understand the need and importance of institutionalizing ethics within the organization
for sustainable growth
c) Develop an understanding of an organization’s duty to all the stakeholders including
corporate social responsibility
6. Develop the capacity to articulate their thinking and ideas through written, oral and non-verbal
communications in a managerial context
Learning Objectives
Our students would be able to:
a) Acquire the ability to articulate clearly, cogently and logically managerial thoughts, ideas,
arguments and information in a manner that can demonstrate integrative/critical/ creative
thinking.
b) Improve practical verbal and non-verbal communication skills
7. Acquaint themselves with established and emerging technologies for effective decision making
Learning Objectives
Our students would be able to:
a) Familiarize themselves with different state-of-the-art computing environments and
understand their benefits and limitations
b) Be competent in the application of technology based concepts in modeling and solving
managerial problems involving decision making