Course Information Package
|Course Unit Title||MANAGEMENT SCIENCE I|
|Course Unit Code||ABSO304|
|Course Unit Details||BA 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 allocated||5|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
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.
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:|
|Planned learning activities and teaching methods||The 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|
|Language of instruction||English|