Quantitative Analysis

Name Title Credits School
QANT 501 Business Statistics 1.5 School of Management
This course introduces students to both descriptive and inferential statistics. Coverage includes applications to business and other disciplines and the use of technology as a decision support tool.

QANT 510 Production and Operations Management 1.5 School of Management
Addresses concepts and critical activities required in the manufacturing of goods and the delivery of services. Quantitative applications and the use of relevant computer software are an integral part of this course.

QANT 520 Management Science 1.5 School of Management
Quantitative techniques for managerial decision-making are covered. These techniques include linear and integer programming, nonlinear programming, decision analysis, queuing theory and simulation. Problems are modeled and then solved using computer software.

Prerequisite Course(s): Prerequisite: QANT 501 or a waiver

QANT 595 Quantitative Methods I 3 School of Management
An introductory course in college algebra, probability theory, and statistics. Beginning with a review of exponents, functions, graphs, straight lines, and equation solving, a coverage of maximization/minimization methods will be provided. This course also covers probability distributions, sampling theory, estimation and hypothesis testing. Students with limited math backgrounds will be assigned supplemental work.

QANT 601 Quantitative Methods II 3 School of Management
Focus on managerial decision making using deterministic and probabilistic models. Topics to be covered include inventory models, linear programming, game theory, forecasting, waiting lines and simulation.

Prerequisite Course(s): Prerequisite: MIST 595 and QANT 595

QANT 610 Operations Management 1.5 School of Management
Contemporary issues in Operations Management and their relevancy are discussed, including: Operations Strategy, Production Planning and Control (PPC), Total Quality Management (TQM) and Green Initiatives. The impact of these areas on the business environment is discussed and the use of technology as a decision support tool is included.

QANT 620 Multiple Criteria Decision Models 1.5 School of Management
An introduction to decision sciences and the application of multi-criteria quantitative and behavioral modeling to those problems often requiring complex decisions of policy makers. Course content focuses on applications in the business environment and the use of technology as a decision support tool.

Prerequisite Course(s): Prerequisite: QANT 501or a waiver

QANT 630 Operations & Supply Chain Management 3 School of Management
This course discusses a wide range of issues from how organizations successfully create and manage its operations and supply chain to how they control operations and supply chain. Using state of the art technologies, this course discusses key drivers and approaches organizations adopt to improve productivity and achieve competitive position. It also addresses major issues in operations and supply chain including inventory management, logistics management, facility location, total quality, material requirement planning (MRP), project management, and scheduling, The innovations and capabilities of these areas that are related to revenues and financial performance of the organizations are discussed .

Prerequisite Course(s): Prerequisite: QANT 510 or a waiver

QANT 705 Seminar in Operations Research and Systems Analysis 3 School of Management
The concepts of rational decision making and planning will be discussed with emphasis on profit maximization. Topics will include linear programming, waiting-line theory, inventory and simulation models.

Prerequisite Course(s): Prerequisites: QANT 601 or QANT 630 or (QANT 610 and QANT 620)

QANT 710 Value Chain Risk Management 3 School of Management
This course introduces the concept of global value chain for product and service oriented organizations. The design and management of resilient global value chain network is discussed to ensure cost-effective flow of goods and services. Theoretical and practical concepts such as risk prioritization, mitigation, and response measures are discussed with as real-world cases. Several risk mitigation methods such as Value at Risk (VaR), Utility theory, Decision Tree, Failure Mode and Effect Analysis (FMEA) are explained to manage value chain risks. The goal is to provide students with a solid understanding of value chain risk management using analytics and simulation tools.

Prerequisite Course(s): Prerequisites: BUSI 620

QANT 720 Statistics of Healthcare Management 3 School of Management
Medical and biological applications of statistical theory to the decision making process in the delivery of health care. The integration of biomedical statistical applications to the total management process.

Prerequisite Course(s): Prerequisite: QANT 501 or a waiver

QANT 750 Simulation Modeling 3 School of Management
This course emphasizes the role of simulation in evaluating the performance of complex systems in an organization. Simulation techniques such as Monte Carlo and Discrete Event will be studied in-depth. Students will be required to use @Risk and Arena to develop simulation applications. Topics to be covered in the course will include simulation of inventory, waiting lines, marketing, and financial models. A typical term project in the course will require students to develop their own simulation model for developing performance measures of a specific system by using either off-the-shelf software tools such as Crystal Ball or by using application software such as Excel.

Prerequisite Course(s): Prerequisite: QANT 501, QANT 510, or a waiver

QANT 755 Management Science Applications 3 School of Management
This course shall highlight the use of mathematical modeling and optimization techniques applicable to decision-making situations in an organization. The topics to be discussed will include: stochastic inventory models, specialized linear programming models, integer programming, dynamic programming, game theory, network models and waiting lines. As part of the term project, students will be required to identify an opportunity, collect data, specify a model, and use decision making tools to find the most effective solution, perform sensitivity analysis, and develop an implementation plan.

Prerequisite Course(s): Prerequisite: QANT 630 or QANT 620

QANT 760 Operations Management Applications 3 School of Management
This course will focus on the discussion of opportunities for improving the productivity of a service or manufacturing organization. Topics to be covered will include Total Quality management, Project management, Material Requirements Planning, Scheduling, Inventory management, Operation Strategies, and the use of technology in managing operations (elements of ERP). A term project utilizing these techniques to analyze, evaluate and recommend a comprehensive solution will be based upon data collected from an actual organization or data obtained from an extensive case study.

Prerequisite Course(s): Prerequisite: QANT 510 (or QANT 510 waiver)