Πτυχίο Διοίκησης Επιχειρήσεων / BA in Business Administration

Course Details

Course Information Package

Course Unit TitleMANAGEMENT SCIENCE I
Course Unit CodeABSO304
Course Unit DetailsBA Business Administration (DL) (Business Electives) - BA Business Administration (Business Electives) - BSc Marketing with Digital Technologies (Technical Electives) - BSc Maritime Studies (Business and Maritime Electives) -
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Forecasting. The components of time series.
  2. Smoothing methods (simple moving averages, weighted moving averages, exponential smoothing)
  3. Trend projection. Forecasting a time series with trend and seasonal components. Regression and mean square error.
  4. De-seasonalisation.
  5. The structure of a waiting line system. Classification of waiting line models. Little’s flow equations
  6. The single-channel waiting line model with Poisson arrivals and exponential service times. The multiple-channel waiting line model with Poisson arrivals and exponential service times. The single-channel waiting line model with Poisson arrivals and arbitrary service times.
  7. Sensitivity Analysis in Linear Programming.
  8. Transportation and the assignment problem.
  9. Simplex Method – Applications.
Mode of DeliveryFace-to-face
PrerequisitesAMAT210Co-requisitesNONE
Recommended optional program componentsNONE
Course Contents

Forecasting. The components of time series.

Smoothing methods (simple moving averages, weighted moving averages, exponential smoothing)

Trend projection. Forecasting a time series with trend and seasonal components. Regression and mean square error.

De-seasonalisation.

The structure of a waiting line system. Classification of waiting line models. Little’s flow equations

The single-channel waiting line model with Poisson arrivals and exponential service times. The multiple-channel waiting line model with Poisson arrivals and exponential service times. The single-channel waiting line model with Poisson arrivals and arbitrary service times.

Sensitivity Analysis in Linear Programming.

Transportation and the assignment problem.

Simplex Method – Applications.

Recommended and/or required reading:
Textbooks
  • Anderson D., Sweeney D. Williams T., An Introduction to Management Science, South-Western Publications.
References
  • Taylor B.W., Introduction to Management Science, Prentice Hall
Planned learning activities and teaching methodsThe course is delivered to the students by means of lectures, and tutorials. Lecture notes are available through the e-learning platform of the University, and the instructor’s webpage. Students are encouraged for class work, problem solving and discussion.
Assessment methods and criteria
Test 120%
Test 220%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO

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