Quantitative Methods (ISL505) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Quantitative Methods ISL505 General Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Free Elective
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Demonstration, Drill and Practice.
Course Coordinator
Course Lecturer(s)
  • Assoc. Prof. Dr. Pınar Kaya Samut
Course Assistants
Course Objectives Purpose of the course is to introduce quantitative approaches to managerial decision making and apply them.
Course Learning Outcomes The students who succeeded in this course;
  • To solve problems of strategic decision making
  • To utilize quantitative methods in decisions relating to business activities
  • İsabetli çıkarımlara ulaşmak için probleme uygulanabilen çeşitli modellerin sonuçlarını karşılaştırmak ve yorumlamak
Course Content Operational research, structure and solution of decision problems, linear programming, mathematical structure of linear programming, solution techniques of linear programming, graphical method, Simplex method, transportation problems, mathematical structure of transportation problems, solution of transportation problems, MODI test.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Managerial decision making and quantitative approaches Winston Ch.1
2 Decision making models Timör, M. ch. 2
3 Linear programming model Timör,M., ch. 2
4 Formulating linear programming models and solving relevant problems Timör, M. ch. 2,6
5 Solution of Linear Programming Problems Timör, M. , ch. 2,3,6
6 Sensitivity analysis Timör, M., ch. 4
7 Duality Timör,M., ch. 5
8 Solution applications by EXCEL SOLVER
9 presentations
10 Mid-term exam
11 Transportation problem Timör, M., ch. 7
12 Assignment problem Timör, M., ch. 7
13 presentations
14 Network analysis: CPM and PERT Timör, M., ch. 12,13
15 presentations
16 final exam

Sources

Other Sources 2. Hamdy A. TAHA, “Yöneylem Araştırması”, Literatür Yayıncılık, İstanbul, 2003.
3. Frederick S. Hillier, Gerald J. Lieberman, “Introduction to Operations Research”, 8th Edition, McGraw-Hill, New York, 2005.
4. Bernard W. Taylor, “Introduction to Management Science”, 7th Edition, Prentice Hall, Uper Saddle River, N.J., 2002.
4. Wayne L. Winston, Operations Research, Applications and Algorithms
Course Book 5. Mehpare Timor, Yöneylem Araştırması, Türkmen Kitabevi, İstanbul, 2010.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 3 20
Presentation 3 20
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 30
Toplam 8 100
Percentage of Semester Work 50
Percentage of Final Work 50
Total 100

Course Category

Core Courses
Major Area Courses
Supportive Courses X
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 1. To be able to combine and use the knowledge of their own undergraduate program area with the knowledge of business administration. X
2 2. To have information about the structure and functioning of the financial system and each financial institution. X
3 3. To have information about regulations and legislation related to financial institutions X
4 4. To be able to see the risks that different financial institutions are exposed to and gain the ability to produce basic solutions. X
5 5. To have knowledge about basic investment strategies. X
6 6. Having knowledge about research methods and techniques and being able to use them. X
7 7. To have information about the institutional characteristics of emerging and developed markets and investment strategies for bonds, stocks and derivatives in these markets. X
8 8. To have the ability to reach scientific knowledge in the field of business, to monitor, evaluate and apply the current literature X
9 9. To be able to transfer information about the business area by using effective verbal, written and visual communication methods. X
10 10. To be aware of professional ethics, environmental awareness, sustainability, social responsibility, cultural, social and universal values X
11 11. To be able to work effectively with different disciplines or multicultural teams, to take responsibility, to make risk analysis, to keep up with change, to think critically and to use initiative in problem solving. X
12 . X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 10 1 10
Presentation/Seminar Prepration 3 5 15
Project
Report
Homework Assignments 3 5 15
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 20 20
Prepration of Final Exams/Final Jury 1 20 20
Total Workload 128