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Quantitative Methods

Part 1 - Introducing Quantitative Methods
1.1 Introduction to Quantitative Methods
1.2 Advantages of Quantitative Methods and Approach to QM
1.3 Solutions to Problems and Systems Approach to Problem Solving
1.4 Break Even and Make or Buy Problem
2. Formal Decision Making and Decision Trees
2.3 Decision Making Under Uncertainty
2.4 Decision Making Under Risk
2.6 Decision Trees
3. Forecasting and Forecasting Methods
3.1 Introducing Forecasting Methods
3.2 Naïve Forecasting, Simple Forecasting and Forecasting Errors
3.3 Moving Averages
3.4 Trend Projections and Least Squares Method
3.5 Principle of the Decomposition Method
3.6 Decomposition Method with Trend
4. Inventory Management
4.1 Defining Inventory
4.2 Importance of Inventory Management
4.3 Inventory Profiles
4.4 Total Value of Inventory
4.5 Inventory Rotation and Cash Cycles
4.6 Total Cost of Inventory
4.7 Simplified Economic Order Model
4.8 Effect of Variation of Parameters on the EOQ
4.9 Economic Order Model with Discounts
4.10 Inventory Position and Order Point with fixed demand
4.11 Inventory Position and Order Point with variable demand for Q-order Profile
4.12 Inventory Position and Order Point with variable demand for P-order Profile
5. Linear Programming
5.1 History and Importance of Linear Programming
5.2 Basic Assumption and Equations
5.3 An Example of a Linear Programming Maximization Problem - Identifying the Equations
5.4 An Example of a Linear Programming Maximization Problem - Finding the Feasibility Zone
5.5 An Example of a Linear Programming Maximization Problem - Finding the Optimal Solution
5.6 Minimisation Problem
5.7 Special Cases of Linear programming
5.8 Relaxation of Constraints
5.9 Sensitivity Analysis
5.10 The Simplex Method for Maximisation
5.11 The Simplex Method for Minimisation
5.12 Adding Solver to Excel
5.13 Using Solver to Resolve a Linear Programming Maximization Problem
6. Special Applications of Linear Programming
6.1 Introducing Transportation, Transhipment and Assignment Problems
6.2 Describing the Transportation Problem
6.3 Solving the Transportation Problem using the Shadow Cost Method
6.4 The Transportation Problem Equations and Solution in Excel
6.5 Describing the Assignment Problem and Algorithm
6.6 The Assignment Problem Equations and Solution in Excel
6.7 Describing the Transhipment Problem
6.8 The Transshipment Problem Equations and Solution in Excel
9. Quality and Statistical Process Control
9.1
9.2
9.4
9.12
9.13
9.14
9.15
9.16

2.6 Decision Trees

Quantitative Methods 2. Formal Decision Making and Decision Trees
By: Luc De Ceuster, MSc, PMP
15 minutes
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