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Course Code: MATH 3602
This course exposes the learner to linear programming; Network Analysis and Inventory Control, give rise to optimal solutions (maximum or minimum). Time series examining historical data in order to determine trend values and seasonal variation and make reliable forecasts. Decision Theory provides a framework for analysing a wide variety of management problems and Decision trees is a graphical device for analysing decisions under risk, Queuing Theory or waiting line model represent a number of items waiting to be served or in the process of being served. Analysis of variance (one-factor model) applying probability in the determination of whether or not to accept the null hypothesis (the status-quo). The study of Matrices is a facilitative tool which is very useful in arriving at deterministic solutions. This course also exposes students to a wide variety of mathematical tools applicable to modern management. It seeks to develop competencies in an attempt to improve decision-making through greater reliance on empirical data duly supported by a more rigorous process of reasoning as well as on the solution of appropriate mathematical models.
- Year: YEAR 1 – SEMESTER 11
- Programme Type: Two-Year Bachelor’s Degree in Business Administration (Both Campuses) with concentration in: Accounting , Finance & Management , Human Resource Management , Marketing
- Faculty: Business Administration (BSA)
- Prerequisite: None