Course: Managerial Modelling

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Course title Managerial Modelling
Course code KEM/MAM
Organizational form of instruction Lecture + Tutorial
Level of course Bachelor
Year of study 2
Semester Winter
Number of ECTS credits 6
Language of instruction Czech
Status of course Compulsory, Compulsory-optional
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Lecturer(s)
  • Kresa Zdeněk, Ing.
  • Plevný Miroslav, Prof. Dr. Ing.
  • Říhová Pavla, Ing. Ph.D.
Course content
Introduction to quantitative methods. Formulation of the linear programming models. Application of LP to decision making problems. Geometric representation of an LP-model and its graphical solution. The Simplex method. Sensitivity analysis of LP problems Economics interpretation of duality and shadow prices. Transportation problem and other special problems of LP, Integer programming. Introduction to non-linear programming, gradient methods. Introduction to network models and project management methods. Introduction to queuing theory. Basic inventory models.

Learning activities and teaching methods
Task-based study method, Individual study, Students' self-study, Lecture, Practicum
  • Contact hours - 65 hours per semester
  • Undergraduate study programme term essay (20-40) - 16 hours per semester
  • Preparation for an examination (30-60) - 45 hours per semester
  • Preparation for comprehensive test (10-40) - 30 hours per semester
prerequisite
Knowledge
to know the basic concepts of the business economics
to master mathematics at the high school-leaving examination, especially in the following areas: linear algebra, analysins of elementary functions, simple derivation of functions of multiple variables
Skills
to manage to work with MS EXcel
Competences
N/A
learning outcomes
Knowledge
to identify and to define specific problems of the quantitative analysis
to identify relevant information, links and relationships needed to solve a given problem
to evaluate and interpret the obtained solutions that are initially specified in terms of practice-oriented problem
Skills
to build a simple model of a given problem and choose the appropriate method for its solution
to solve the model using widely available software
Competences
N/A
teaching methods
Knowledge
Lecture
Self-study of literature
Practicum
Skills
Lecture with visual aids
Practicum
Task-based study method
Individual study
Competences
N/A
assessment methods
Knowledge
Combined exam
Test
Skills
Skills demonstration during practicum
Seminar work
Competences
Seminar work
Recommended literature
  • Anderson, David Ray. An introduction to management science : quantitative approaches to decision making. Mason : Thomson/South-Western, 2008. ISBN 978-0-324-39980-6.
  • GROS, I. Kvantitativní metody v manažerském rozhodování. 1. vyd. Praha : Grada Publishing, 2003. ISBN 80-247-0421-8.
  • Jablonský, Josef. Operační výzkum : kvantitativní modely pro ekonomické rozhodování. Praha : Professional Publishing, 2007. ISBN 978-80-86946-44-3.
  • Plevný, Miroslav; Žižka, Miroslav. Modelování a optimalizace v manažerském rozhodování. Vyd. 2. Plzeň : Západočeská univerzita, 2010. ISBN 978-80-7043-933-3.


Study plans that include the course
Faculty Study plan (Version) Category of Branch/Specialization Recommended year of study Recommended semester
Faculty: Faculty of Economics Study plan (Version): Retail Management (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter
Faculty: Faculty of Economics Study plan (Version): Business Economics and Management (2015) Category: Economy 2 Recommended year of study:2, Recommended semester: Winter