Mathematical Methods in Management
Course code
old course code
Course title in Estonian
Planeerimise ja juhtimise matemaatilised meetodid
Course title in English
Mathematical Methods in Management
ECTS credits
approximate amount of contact lessons
Teaching semester
Assessment form
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.
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.