king fahd university of petroleum & minerals college of industrial

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KING FAHD UNIVERSITY OF PETROLEUM & MINERALS
COLLEGE OF INDUSTRIAL MANAGEMENT
DEPARTMENT OF MANAGEMENT AND MARKETING
MBA PROGRAM
DHAHRAN, .SAUDI ARABIA
SECOND SEMESTER 2008/2009 (082)
SYLLABUS FOR-0
MANAGEMENT SCIENCE
DR. TAQI N. AL-FARAJ
E-Mail: [email protected]
PHONE: 860-2724
24/ 211
OFFICE:
,
CLASS HRS:S.M.:
5:OO- 6:15 P.M.
CLASSROOM : 24/174
OFFICE HRS:S.M.: 6:30- 7:00 P.M.
OR BY APPOINTMENT
P
COURSE OBJECTIVE
The purpose of the course is to provide students with a sound conceptual
understanding of management science models and their role in analyzing the
business and managerial decision making problems, and in determination of the
best (optimum) course of action in any decision problem scenario, under limited
resources. Specifically, the course is concerned with the wide variety of
managerial decision-making models currently being used in the field of
management science. Throughout the course, algebraic formulation and
spreadsheets modeling will be used side-by-side to help develop conceptual
thinking skills. Emphasis is placed not only on how these modeling approaches
work, but also how they can be applied and interpreted by the decision maker,
using business, managerial, and industrial cases. Several different application
cases in each part of the course will be examined. Students are expected to use
the spreadsheet modeling extensively throughout the semester to solve and to
analyze the management science scenarios.
TEXTBOOKS
&
REFERENCES:
BASIC TEXT : Lawrence, John and Barry Pasternack "Applied Management Science :
Computer Integrated Approach for Decision Making" 2nd edition,
John Wiley & Sons, Inc. 2002
A
SUGGESTED REFERENCE BOOKS:
(1)
Bernard Taylor 111, 811ntroduction
To Management Science," WCB.
(2)
Davis
&
McKeown, "Quantitative Models For Management".
Hiller
&
Lieberman "An Introduction To Operations Researchn.
Taha, Hamdi
"An
Introduction to Operations Research".
Cooper, Leon and David I. Steinberg "Methods and Applications of
Linear Programming".
Anderson, Sweeney, and Williams
Science," South-Western 2003.
Eppen, Gould
Hall, 1998.
&
"An
Introduction to Management
Schmidt nIntroductory Management Science" Prentice-
Shogan Andrew W."Management Science" Prentice-Hall,
REFERENCE JOURNALS:
Management Science
Journal of the Operational
Research Society
Decision Sciences
European Journal of
Operational Research
Operations Management
Journal of Socio-Economic
Planning Sciences
Production and Inventory
Management Journal
Naval Research Logistics
Quarterly
COURSE OUTLINE
*
Operations Research
*
Omega
*
International
Journal of Physical
Distribution and Materials
Management
*
Engineering Economic
*
Journal of Industrial
Engineering
* Interfaces
READING ASSIGNMENT (Text)
Week 1: Introduction:
An Overview of Management Science:
Week 2: Linear and Integer Programming Models:
Concepts
Graphical Illustrations
Graphical Sensitivity Analysis and
Interpreting Computer Output
Week 3:
Week 4
&
5: Applications of Linear and
Integer Programming Models:
Examples from business,
government and industry
Week 6: The Simplex Method of Linear programming
Chapters 1
Chapters 2
Chapter 2
Chapter 3
Supplement CD 3
Week 6: Duality and Sensitivity Analysis of LP
Supplement CD2
Week 7: Goal Programming:
Formulation; Graphical Solution;
Modified Simplex Method
Week 8: Review
Week 9
Mid-Term Exam
10: Network Optimization Models
&
Week 11
&
&
12: Project Scheduling
Week 13: Data Envelopment Analysis (DEA)
Chapter 4
Chapter 5
Appendix 3.3
CD-359
Week 14 and Week 15: presentation of cases and term projects
HOMEWORK
Students are required to solve and submit sets of at least five different problems
for each chapter covered in the class. The homework sets are to be submitted
electronically within a week after completing the materials in each chapter. At least
one problem should be selected from the CD "Additional Problem/Cases Folderlt and at
least one problem from those listed in the "Problem Motivations Folder"
TERM PROJECT
Develop, solve and analyze a model for a particular problem of interest to you.
You must implement the techniques you have learned in this course and should
review some recent studies related to the problem from literature. A professional
report about the problem should be submitted no later than the last week of the
semester. The report style should be similar to the format given in Section 1.5 of
the Textbook.
CASE STUDIES
The following list of mini cases from the textbook are recommended to be
studied and analyzed by the students. Each group is to select one of the cases,
study it, analyze it, submit a written report and be ready to present in class.
Case
CASE
CASE
CASE
Studies:
2-1: Franklin Furniture
2-2: RinaldolsHatch
N Ax
2-3: Kootenay Straw Broom Company
Case
CASE
CASE
CASE
Case
Case
Case
Studies:
3-1: Calgary Desk Company
3-2: Lake Saddleback Development Corporation
3-3: Pentagonal Pictures, Inc
3-4: Horn Shoe Company
3-5: Todd & Taylor
3-6: Sun World Citrus
Case Studies:
Case 4-2: GSA Industries
Case 4-3: The Sandy Company
Case Studies:
Case 5-2:
Case 5-3:
Oak Glen Country Club Villas
Igloo Frozen Yogurt
PRESENTATION
Students are required to make presentations for one of the cases and their term
project and will be evaluated by the instructor and colleagues.
GRADES DISTRIBUTION
Term Project Report & Case Study &
Presentation ===I)
Homework
Mid Term Exam
Final Exam (Comprehensive)
30%
GRADING SCALE
CLASS ATTENDANCE
The University rules and regulations concerning attendance will strictly be enforced. A
grade of I1DNWwill be given to students accumulating more than 1/5 of total classes,
i.e. six unexcused absences.
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