QUANTITATIVE METHODS IN BUSINESS

MATHEMATICS 2310 - SECTIONS 1 (T,R) and 2 (M,W) FALL 2018

Course Format: Lecture 4.0 h

Credits: 3 Transfer Credit: For information, visit bctransferguide.ca

Course Description,

Applications of basic mathematics, calculus, statistics, and linear algebra to

business administration. Includes linear programming, sensitivity analysis,
transportation problems, decision analysis, simulation, network applications.
Required of all students in the first year UBC Commerce program.

Topics include;
Using problems and case analysis and application of quantitative decision models, basic methods and
techniques for managing operations are presented. Topics include; Break-Even-Analysis; Linear
Programming optimization models and their applications in various business settings such as marketing,
finance, transportation, services, and production; Project Scheduling with a review of PERT and CPM;
Inventory Models; Simulation; Decision Analysis; and optional topics such as Forecasting and Waiting
Line Models.

The course embodies techniques and mathematical models designed to manage operational systems,
both in manufacturing and service. Studying and reviewing these topics from the business perspective,
students will apply concepts from other quantitative and business courses in the curriculum as well as
methods introduced in this course to the analysis of case situations

Prerequisites, and Corequisites:

Mathematics 1171, 1173, 1174, or 1153 with a “ C- “ grade or higher. (May be taken
concurrently with the permission of the department)

ENTRY COMPETENCIES:

Students entering this course are expected to:

Apply basic algebra and calculus concepts, statistical methods, and management science models in case
analyses of quantitative systems and management situations. Backgrounds in Economics, Accounting,

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and General Management are very helpful. Students are also expected to have a reasonable knowledge
of the Microsoft Excel spread sheet program

Learning Outcomes:
Upon successful completion of this course, students will be able to:

1. Demonstrate knowledge of the challenges and issues confronting the operations manager
through class discussion, case analysis, and using appropriate computer software programs to
facilitate quantitative analysis.

2. Discuss the process required to develop a business quantitative model, including the
identification of individual activities, data criteria, and application of selected models for
effective management decision making.

3. Analyze problem situations: formulating models, solving them with calculator and/or computer
decision support systems programs, and interpreting quantitative solutions to develop
implementing managerial solutions using quantitative methods.

4. Analyze individual steps required to implement the techniques and methods presented in this
course.

Instructor(s): ROSTAM (Ros) SHAHROKH

Office: B154k Phone: (604) 323-5793 Email: [email protected]

OFFICE HOURS

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Textbook and Course Materials:
MATH 2310 LANGARA COLLEGE
QUANTITATIVE METHODS IN BUSINESS (New paperback effective September 2016 or 14th
editions, by; Anderson, Sweeney, Williams, Camm, and Martin) or AN INTRODUCTION TO
MANAGEMENT SCIENCE; QUANTITATIVE APPROACH TO DECISION MAKING,
The course will be delivered in a paper-less mode where most of the course material will be found on
the web, at Langara addresses. These site are found at: (You will find your course outline here)

The drive “drive O/Spring/course-Math 2310/Course Material,...where general course material is

placed and can be accessed by all students registered in the course. Files in here contain past work and
examples, scanned copy of the text book problems, work done in class, etc. O: drive can be
accessed by login a langara computer, or on your own computer by typing
myfiles.langara.bc.ca or Langara Netstorage where you would be using the same ID
and password used for a login into a computer at langara (see below).

The drive “mylangara/mycourses/course tools/math 2310/Files... where announcements, Files which

are pertinent to the students and can be accessed by those registered in this course and section. This
site can be accessed the same way you login into the Langara website for registration.

In this part you will mostly find the “COURSE OUTLINE”, “ASSIGNMENTS”, “EXAM PARTICULARS”,
“SPECIFIC SOLUTIONS AND KEYS”, etc.

ADDITIONAL HELP
Office Hours:
Please refer to the advertised office hours. For an appointment at any other time check with your
instructor. Additional hours are available by appointment only

I am accessible in class, before and during office hours, by email, or at times convenient to us both.
Please check the website for the course outline where your find about the required material, textbooks,
equipment, and the daily/hourly calendar schedule.

The Math Activity Centre (MAC): (Known as the Gold Room); B Building Room B155?
Students can receive in person faculty assistance at the Math Activity Centre during advertised
hours. It is a place for students to obtain assistance with problems in Mathematics and Statistics - as a
supplement to the time available from their instructors during office hours. There is a schedule posted
outside the centre and your classroom, which outlines the times when help is available and for which
courses it is available. In addition you will also find a couple of computers running instructional software

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from or in support of your course, and a video player where you can view tapes either from the library
or from the Math department collection. Use the service!

Assessments and Weighting:

The evaluation of students’ performance will be based on the achievement of the course objectives
demonstrated in the:

CRITERIA MARKS

1. Class Participation 5%

2. Interim Examination 30%

3. Quizzes and Assignments 10%

4. Simulation Exercise 5%

5. Case (digital Paper) 10%

6. Final Examination 40%

TOTAL 100%

Students who miss examinations, tests, quizzes, and assignment due dates, will receive no
mark for that part. Make up examinations may only be arranged if the student has missed the
exam in accordance to college policies. A telephone message will not constitute an automatic
permission. Students may submit their assignments and project papers via web, by using “O:
drive”, however their work must be in any of the MS Word, Excel, or pdf. format for a PC.

EXPLANATION OF THE GRADING SYSTEM:

EXPLANATION OF THE GRADING SYSTEM:

CLASS PARTICIPATION: This mark is obtained on the basis of constructive contribution to class activities
and discussions. Make sure that your cell phone/ pager is off; violators will be disciplined for disturbing
the class or an examination. Student will lose a participation mark for each class missed up to a
maximum of five marks.

EXAMINATIONS: One midterm examination covering the assigned chapters and material discussed in
class during the semester and a comprehensive final examination including the entire material covered
in the course will be given. The date, and place of the final will be announced and advertised later in the
semester. Students are required to observe the dates stipulated in the calendar for the final
examination and not to commit themselves to engagements that might exclude them from the final
examination. Strict college policy applies to all cases. No make-up examination is allowed and the
weight of a missed exam will proportionately be allocated to the remaining ones.
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TESTS/ QUIZZES: There will be objective tests covering the material reviewed in class. No make-up test/
quiz will be given.

ASSIGNMENTS: Students are required to do assignments on ad hoc basis from the textbook and
external sources for the sessions they are scheduled. There are penalties for late submission of the
assigned work which will be 25% of the residual mark for each class session late.

CASE PROJECT PAPER: With selected topics /chapters, two case project papers are assigned. Students
will be answering the questions in the case and support their analysis and work with computer printout
using the Excel spreadsheet for each response to each part of a question. Group paper is allowed and a
maximum of two students can work in one group. Members of a group will share the mark equally.
Group membership is allowed to change for each paper. There are penalties for late submission of the
assigned work which will be 25% of the residual mark for each class session late.

SIMULATION EXERCISE: We will have a simulation exercise in which peer groups will compete against
each other and will earn grades based on their accuracy and success.

ACTIVITIES TO MEET OBJECTIVES

This course will be delivered with a balanced combination of lectures, discussions, class exercises,
problem solving, computer workshops, and case analysis. The course outline and the calendar schedule
is intended to inform you in advance of major activities and assignments that have been determined for
each session. However based on the progress in the class, changes and modifications may be made.
The major activities are:

1- LECTURES AND CLASS DISCUSSIONS: Students are expected to study the assigned chapter/s prior to
each class session in order to be able to participate actively in class discussions and make positive
contribution to the learning process. Discussion of appropriate practical experience and work related
issues are strongly encouraged.

2- HOMEWORK; Students are expected to read assignments and prepare text problems prior to the class
session for which they are assigned. Peer study groups for studying and discussion are advised and the
usage of the provided computer software to solve the more complex problems is strongly
recommended.

3. EXAMINATIONS: One in-term and one final examinations assigned to measure the understanding of
the course contents identified in the Exit Competencies will be done.

4. CASES, QUIZZES AND ASSIGNMENTS; Students are expected to study assigned cases and answer the
questions and solve the problems and be prepared for the quizzes. Problems and cases will be discussed

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in class where active and informed participation is required. There are end of chapter cases for
discussion and assignment.

5- SIMULATION EXERCISE: In the conduct of the course program, simulation of concepts will be
arranged and students will actively participate in the models while studies and analysis of the exercise
and its findings by peer groups will be made. Short reports may be requested for submission.

6- COMPUTER MODELS: The class will be provided with software (where applicable) literature and
programs for use on computers for developing skill in formulating problems and solving them. Students
are encouraged to use the computer lab facilities.

Final grades will be determined by the College and Department’s policy

In most math/stat courses at Langara College, the student's final grade is determined from a blend of a
term mark, based on assignments and tests, and a final mark, based on a common examination. College
policy is that term work accounts for 50% to 80% of the grade, and in most of our courses it counts for
60% with the final exam counting for 40%. Students should be aware, however, that the term mark is
not finalized until after the final exam has been written, and that the term marks for all students in any
section may be tempered by the results on the final exam. The Department feels that because of the
cumulative nature of the subject (and the need to quickly recall and apply material from any part of an
earlier course), a grade of C- or better should be awarded only to those students who can "put it all
together", and this sort of overall competence is best tested for and demonstrated on the final exam.
For this reason, we also require that in order to pass a course it is necessary to pass the final exam, and
that in general, though term work can pull a mark up, it can not do so by more than one letter grade
level.

Students are advised, therefore, that it is never safe to coast on the term mark and neglect the final.

The Langara grading system includes grades of A+, A, A-, B+, B, B-, C+, C, C-, D, F, N, or W; as defined in
the Calendar. The following excerpt includes also a column of approximate percentage ranges which ar
intended as a guideline only; students should refer to their course outlines for specifics concerning their
course:

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 Letter Grade Point Approx %
Interpretation
Grade Equivalency Range
Distinguished Achievement (for consistently demonstrated excellence in all
A+ 4.3 96-100
aspects of the course)
Distinguished Achievement (for consistently demonstrated excellence in all
A 4 85-95
aspects of the course)
Distinguished Achievement (for consistently demonstrated excellence in all
A- 3.7 80-84
aspects of the course)
Above Average Achievement (for consistently demonstrated above average
B+ 3.3 77-79
proficiency in all aspects of the course)
Above Average Achievement (for consistently demonstrated above average
B 3 73-76
proficiency in all aspects of the course)
Above Average Achievement (for consistently demonstrated above average
B- 2.7 68-72
proficiency in all aspects of the course)
C+ 2.3 Satisfactory Achievement (for competent achievement in the course) 63-67
C 2 Satisfactory Achievement (for competent achievement in the course) 58-62
C- 1.7 Satisfactory Achievement (for competent achievement in the course) 53-57
Marginal Performance (credit granted but insufficient mastery to proceed to the
D 1 48-52
next level)

The percentage ranges added here are approximate guidelines only - to give you an idea of what letter grade
to expect on the basis of mid-term marks. We do try to be consistent and adjust test difficulty and marking
styles so the actual cut offs in any particular course or section may vary slightly from these, and it is your
instructor's judgment of your performance relative to the "interpretation" column that provides the real
determination and meaning of the grades.

Note:A grade of C- or better is required in order to use a course as a prerequisite for a subsequent
course, except where another prerequisite is explicitly stated.

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MATH 2310 SECTION 1 CALENDAR OUTLINE FALL 2018 ROOM: B027
CHAPT AS S IGNMENTS
DATE DAY TOPIC(S ) PAGE PROB No.
ER PAGE PROB No.

04/09/2018 Tue INT RODUCT ION, COST ,REVENUE,PROFIT MODEL 1.1-4 CLASS NOTES REFER TO DRIVE O: FOR EXAMPLES

06/09/2018 Thr COST ,REVENUE,PROFIT MODEL 1.1-4 CLASS NOTES EXPLORE A PUBLIC COMPANY- REPORT

11/09/2018 Tue LINEAR PROGRAMMING (LP)- MAXIMIZAT ION PROBLEM 2.1 33 -99 1 - 58

13/09/2018 Thr (LP)- GRAPHICAL SOLUT ION, OPT IMAL SOLUT ION 2.2, 2.3 33-99 1-58 152-153 CASE 1

18/09/2018 Tue (LP)- COMPUT ER SOLUT ION, MINIMIZAT ION PROBLEM 2.4, 2.5 33-99 1-58

20/09/2018 Thr (LP)- SENSIT IVIT Y ANALYSIS 3.1 100-163 1 - 32

25/09/2018 Tue (LP)- LIMIT AT IONS OF CLASSICAL SENSIT IVIT Y ANALYSIS 3.4 100-163 1 - 32

27/09/2018 Thr (LP)- MODELING - CASE PROJECT ASSIGNMENT 3.5 100-163 1 - 32

02/10/2018 Tue (LP) APPLICAT IONS- OPERAT IONS 4.1 164-199 1 - 15

04/10/2018 Thr (LP) APPLICAT IONS- OPERAT IONS 4.2 164-199 1 - 15

09/10/2018 Tue (LP) APPLICAT IONS- OPERAT IONS 4.3 164-199 1 - 15

11/10/2018 Thr (LP) APPLICAT IONS- OPERAT IONS + REVIEW 4.3

16/10/2018 Tue INTERIM EXAMINATION 1 Chapters 1,2,3,4

18/10/2018 Thr PROJECT SCHEDULING CPM, PERT 9.1, 9.2 394 - 434 1 -25

23/10/2018 Tue PROJECT SCHEDULING PERT - LP MODEL 9.2 394 - 434 1 -25

25/10/2018 Thr PROJECT SCHEDULING T IME-COST T RADE-OFFS 9.3 394 - 434 1 -25 SEASONGOOD CASE

30/10/2018 Tue INVENT ORY - ECONOMIC ORDER QUANT IT Y 10.1 435 - 485 1 - 24

01/11/2018 Thr INVENT ORY - PRODUCT ION LOT SIZE 10.2 435 - 485 1 - 24

06/11/2018 Tue INVENT ORY - PLANNED SHORT AGES - QUANT IT Y DISCOUNT S 10.3-4 435 - 485 1 - 24

08/11/2018 Thr INV. - PROBALIST IC DEMAND; REORDER-POINT 10.6 435 - 485 25 - 36

13/11/2018 Tue INV. - PROBALIST IC DEMAND; PERIODIC REVIEW 10.7 435 - 485 25 - 36

15/11/2018 Thr INV. - PROBALIST IC DEMAND; SINGLE PERIOD 10.5 435 - 485 25 - 36

20/11/2018 Tue DECISION ANALYSIS- UNDER CERT AINT Y 13.1-4 552 - 569 1 - 15

22/11/2018 Thr DECISION ANALYSIS- UNDER CERT AINT Y 13.1-4 552 - 569 1 - 15

27/11/2018 Tue SIMULAT ION GAME LAMSON CASE

29/11/2018 Thr SIMULATION GAME & LAST DAY OF CLASS + REVIEW

S TUDENTS ARE EXPECTED TO BE AVAILABLE DURING THE FINAL EXAMINATION PERIOD. DO

Dec 5-17, 2018 NOT MAKE ANY PRIOR ARRANGEMENT.

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MATH 2310 SECTION 2 CALENDAR OUTLINE FALL 2018 ROOM: C412
TEXT BOOK - 14 TH ED ASSIGNMENTS
DATE DAY TOPIC(S)
CHAPT
PAGE PROB No. PAGE PROB No.
ER

03/09/2018 Mon College Closed LABOUR DAY

05/09/2018 Wed INT RODUCT ION, COST ,REVENUE,PROFIT MODEL 1.1-4 CLASS NOTES REFER TO DRIVE O: FOR EXAMPLES

10/09/2018 Mon COST ,REVENUE,PROFIT MODEL 1.1-4 CLASS NOTES EXPLORE A PUBLIC COMPANY- REPORT

12/09/2018 Wed LINEAR PROGRAMMING (LP)- MAXIMIZAT ION PROBLEM 2.1 33 -99 1 - 58

17/09/2018 Mon (LP)- GRAPHICAL SOLUT ION, OPT IMAL SOLUT ION 2.2, 2.3 33-99 1-58 152-153 CASE 1

19/09/2018 Wed (LP)- COMPUT ER SOLUT ION, MINIMIZAT ION PROBLEM 2.4, 2.5 33-99 1-58

24/09/2018 Mon (LP)- SENSIT IVIT Y ANALYSIS 3.1 100-163 1 - 32

26/09/2018 Wed (LP)- LIMIT AT IONS OF CLASSICAL SENSIT IVIT Y ANALYSIS 3.4 100-163 1 - 32

01/10/2018 Mon (LP)- MODELING - CASE PROJECT ASSIGNMENT 3.5 100-163 1 - 32

03/10/2018 Wed (LP) APPLICAT IONS- OPERAT IONS 4.1 164-199 1 - 15

08/10/2018 Mon THANKS GIVING - COLLEGE CLOSED

10/10/2018 Wed (LP) APPLICAT IONS- OPERAT IONS 4.2 164-199 1 - 15

15/10/2018 Mon (LP) APPLICAT IONS- OPERAT IONS 4.3 164-199 1 - 15

17/10/2018 Wed INTERIM EXAMINATION 1 Chapters 1,2,3,4

22/10/2018 Mon PROJECT SCHEDULING CPM, PERT 9.1, 9.2 394 - 434 1 -25

Wed PROJECT SCHEDULING PERT - LP MODEL 9.2 394 - 434 1 -25

05/01/1900 Mon PROJECT SCHEDULING T IME-COST T RADE-OFFS 9.3 394 - 434 1 -25 SEASONGOOD CASE

07/01/1900 Wed INVENT ORY - ECONOMIC ORDER QUANT IT Y 10.1 435 - 485 1 - 24

12/01/1900 Mon INVENT ORY - PRODUCT ION LOT SIZE 10.2 435 - 485 1 - 24

14/01/1900 Wed INVENT ORY - PLANNED SHORT AGES - QUANT IT Y DISCOUNT S 10.3-4 435 - 485 1 - 24

19/01/1900 Mon REMEBERENCE DAY - COLLEGE CLOSED

21/01/1900 Wed INV. - PROBALIST IC DEMAND; REORDER-POINT 10.6 435 - 485 25 - 36

26/01/1900 Mon INV. - PROBALIST IC DEMAND; PERIODIC REVIEW 10.7 435 - 485 25 - 36

28/01/1900 Wed INV. - PROBALIST IC DEMAND; SINGLE PERIOD 10.5 435 - 485 25 - 36

02/02/1900 Mon DECISION ANALYSIS- UNDER CERT AINT Y 13.1-4 552 - 569 ,1 - 15

04/02/1900 Wed SIMULAT ION GAME LAMSON CASE

09/02/1900 Mon SIMULATION GAME & LAST DAY OF CLASS + REVIEW

S TUDENTS ARE EXPECTED TO BE AVAILABLE DURING THE FINAL EXAMINATION PERIOD. DO

Dec 5-17, 2018 NOT MAKE ANY PRIOR ARRANGEMENT.

Page 8 of 8
 As a student at Langara, you are responsible for familiarizing yourself and complying with the following
policies:

College Policies:

E1003 - Student Code of Conduct

F1004 - Code of Academic Conduct

E2008 - Academic Standing - Academic Probation and Academic Suspension

E2006 - Appeal of Final Grade

F1002 - Concerns about Instruction

E2011 - Withdrawal from Courses and Deferred Standing

Departmental / Course Policies:

Additional Help at MSAC (Math Activity Centre) B Building Room B154

Students can receive in person assistance at the MAC during advertised hours. It is a place for students to
obtain assistance with problems in Mathematics and Statistics outside instructor’s normal office hours. There is
a schedule posted outside the centre which outlines the times that help is available and for which courses it is
available.
Use the service!

Examinations and Quizzes

1. It is a departmental policy that a student must achieve at least 50% in the final for the instructor to
consider the students term marks.

2. Final examination will be 1 hour and 55 minutes long, closed book and cumulative.

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3. Final examination should be written at the date and time advertised by the registrar’s office.
Students are not allowed to write at any other time. Students missing the final will receive an “N”.

4. Quizzes are from the problems in the text book.

5. All quizzes are collaborative.

6. No cell phone is allowed as a calculator during any exam or quiz.

7. No electronic device is allowed during exam / quiz time.

Expectations

1. You are responsible for all course content and are therefore responsible for knowing what has been
covered and said in all classes. Your instructor will not provide answers to e-mails requesting a re-
statement of what has been said in a previous class. Furthermore, you are expected to read and be
prepared to discuss material assigned prior to the class.

2. Langara College welcomes all students into an environment that creates a sense of community of
pride and respect; we are all here to work cooperatively and to learn together. You are encouraged to
participate actively in class and contribute to the creation of a positive learning environment.

3. There will not be any alternative date and time for switching for the midterms. For any reason
final exam time and date cannot be changed or switched.

4. If you miss any of the interim exams, assignment or deadline, you are required to contact your
instructor or you will receive 0%. There will be no exceptions to this standard, other than under
exceptional documented circumstances.

5. It is your responsibility to attend classes, keep up with the course, know what has been covered
etc. If you miss a class, information will not be repeated for your sole benefit.

6. If you miss class you cannot photocopy/take pictures of my notes.

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