Mathematical Methods in Management

Course code

MLM6230.DT

old course code

MLM6230

Course title in Estonian

Planeerimise ja juhtimise matemaatilised meetodid

Course title in English

Mathematical Methods in Management

ECTS credits

5.0

approximate amount of contact lessons

56

Teaching semester

autumn

Assessment form

Examination

lecturer of 2020/2021 Autumn semester

õppejõud on määramata

lecturer of 2020/2021 Spring semester

lecturer not assigned

Course aims

Minor. Objectives are building mathematical models of economic situations, solutions for optimisation and management problems.

Brief description of the course

The role of mathematical methods in management. Main concepts of management. Parts of decision process, tests of results. Modelling and analysis of decision process. Queuing theory. Convex programming. Standard and canonical forms of linear programming problems. Optimal solutions. Dual linear programming. Duality theorems. Transportation problems, Elements of game theory. Linear programming and games.

Independent work

Individual work with computerized materials, preparation for tests.

Learning outcomes in the course

Knows mathematical facts and is able to use methods in volume of a subject.

Assessment methods

Admission to examination permitted after passing two class tests and the two larger home tasks. The exam consists of a questionnaire, two theoretical questions and one practical problem.

Teacher

em professor Paul Tammela

Replacement literature

Akulitch, I. L. 1986 Matematitcheskoje programmirovanie v primerah i zadatchah (vene keeles). Moskva: Võshaja shkola;

Taha, H. A. 1997 Operations Research, Prentice-Hall, 1968, 1971, 1976, 1982, 1987, 1997, (vene keeles 1985, 2005);

Sikk, J. 1997 Majandusmatemaatika ülesannete kogu. TÜ. Majandusteaduskond;

Übi, E. 2007 Lineaarne planeerimine ja selle rakendused. Tallinn, Külim.

Taha, H. A. 1997 Operations Research, Prentice-Hall, 1968, 1971, 1976, 1982, 1987, 1997, (vene keeles 1985, 2005);

Sikk, J. 1997 Majandusmatemaatika ülesannete kogu. TÜ. Majandusteaduskond;

Übi, E. 2007 Lineaarne planeerimine ja selle rakendused. Tallinn, Külim.