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.