Skip to main content
Skip header

Faculty of Economics

ECTS Course Overview



Quantitative Methods

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code157-0580/01
Number of ECTS Credits Allocated6 ECTS credits
Type of Course Unit *Choice-compulsory
Level of Course Unit *First Cycle
Year of Study *
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionEnglish
Prerequisites and Co-Requisites
PrerequisitiesCourse Unit CodeCourse Unit Title
151-0560Basic Mathematics
Name of Lecturer(s)Personal IDName
ZAP149doc. Mgr. Ing. František Zapletal, Ph.D.
Summary
The main emphasis is placed on the creation and application of economic and
mathematics models for the support of managerial decision making. Students
will acquire knowledge of character, substance, application areas and the
level
of utilization of operations research models and particular methods (i.e.
linear programming, network modeling, decision theory) and will be trained
in their applications particulary with PC use.
Learning Outcomes of the Course Unit
The objective of the course is to familiarize students with the basic theoretical aspects of linear optimization models, which makes it possible for them to analyze and solve practical optimization problems, with network planning and with queuing theory.
Course Contents
1. Linear Programming - The Graphical Method
A Simple Maximization Problem. Graphical Solution.
A Simple Minimization Problem. Special Cases
2. Linear Programming – The Simplex Method
Tableau Form. Improving the Solution. The General Case.
Special Cases
3. Linear Programming – Duality.
4. Transportation Problems
5. Linear Programming Applications
Marketing Applications. Production Management Applications
6. Network models
The Shortest Route Problem. Minimal Spanning Tree Problem. The Maximal Flow Problem.
7. Network Planning. CPM Network
Project Scheduling with CPM. Network Construction. The Critical Path. Contribution of CPM.
8. Decision Theory. Decision Analysis, Decision Trees
9. Game Theory. Strategies. Solution by Linear Programming
Recommended or Required Reading
Required Reading:
Carter, Michael V., Price, Camille C.: Operation Research: A Practical Introduction, CRC Press LLC, USA 2001
Bronson, R., Naadimuthu, G.: Operation Research, 2nd Edition, McGraw- Hill, USA 1997
French, S., Hartley, R., Thomas, L.C.T., White, D.J.: Operational Research Techniques. Routledge, Chapman and Hall,Inc., New York 1991
Hillier, F.S., Liberman, G.J.: Introduction to Operations Research and Revised CD-ROM 8
McGraw-Hill2004
Littlechild, S. C.,, Shutler, M.: Operations Research in Management. Prentice Hall, New York
1991.
Wisniewski, M.: Quantitative Methods for Decision Makers. 4th Edition - Prentice Hall 2006
Carter, Michael V., Price, Camille C.: Operation Research: A Practical Introduction, CRC Press LLC, USA 2001
Bronson, R., Naadimuthu, G.: Operation Research, 2nd Edition, McGraw- Hill, USA 1997
French, S., Hartley, R., Thomas, L.C.T., White, D.J.: Operational Research Techniques. Routledge, Chapman and Hall,Inc., New York 1991
Hillier, F.S., Liberman, G.J.: Introduction to Operations Research and Revised CD-ROM 8
McGraw-Hill2004
Littlechild, S. C.,, Shutler, M.: Operations Research in Management. Prentice Hall, New York
1991.
Wisniewski, M.: Quantitative Methods for Decision Makers. 4th Edition - Prentice Hall 2006
Recommended Reading:
Carter, Michael V., Price, Camille C.: Operation Research: A Practical Introduction, CRC Press LLC, USA 2001
Bronson, R., Naadimuthu, G.: Operation Research, 2nd Edition, McGraw- Hill, USA 1997
French, S., Hartley, R., Thomas, L.C.T., White, D.J.: Operational Research Techniques. Routledge, Chapman and Hall,Inc., New York 1991
Hillier, F.S., Liberman, G.J.: Introduction to Operations Research and Revised CD-ROM 8
McGraw-Hill2004
Littlechild, S. C.,, Shutler, M.: Operations Research in Management. Prentice Hall, New York
1991.
Wisniewski, M.: Quantitative Methods for Decision Makers. 4th Edition - Prentice Hall 2006
Carter, Michael V., Price, Camille C.: Operation Research: A Practical Introduction, CRC Press LLC, USA 2001
Bronson, R., Naadimuthu, G.: Operation Research, 2nd Edition, McGraw- Hill, USA 1997
French, S., Hartley, R., Thomas, L.C.T., White, D.J.: Operational Research Techniques. Routledge, Chapman and Hall,Inc., New York 1991
Hillier, F.S., Liberman, G.J.: Introduction to Operations Research and Revised CD-ROM 8
McGraw-Hill2004
Littlechild, S. C.,, Shutler, M.: Operations Research in Management. Prentice Hall, New York
1991.
Wisniewski, M.: Quantitative Methods for Decision Makers. 4th Edition - Prentice Hall 2006
Planned learning activities and teaching methods
Lectures, Tutorials, Project work
Assesment methods and criteria
Tasks are not Defined