MATH318: Quantitative Methods for Management
Schedule and homework, Spring 2013


Plan to start homework several days before it's due.  Feel free to collaborate with other students, to seek help during office hours, and to ask for help in class as needed.  Your homework should be written in your own words.

This schedule will be revised as the semester progresses.

Date
Sections covered and Assignments due
1/23 Introduction, Basic Probability (2.1-2.2)
1/28 Calculating Probabilities (2.3-2.4)
Bayes' Theorem (2.5)
Simpson's Paradox
When Combined Data Reveal the Flaw of Averages
2/4 Chapter 2 Homework due 2/7: 1, 3, 5, 6, 8, 14, 22
Chapter 2 Quiz 2/7
Discrete Random Variables (3.2-3.3)
blank coinflip results sheet
coinflip results sheet
2/11 Binomial Distribution worksheet
Facts about the binomial distribution.
Continuous Random Variables (3.5-3.7, 12.2)
Comparison of Discrete vs. Continuous
2/18 Poisson Distribution
Chapter 3 Take-home quiz assigned
Normal Distribution Calculuator
Decision Making (4.1-4.2)
Sample Influence Diagram
2/25 Lake Placid problem data
Expected Values (4.3)
Complex Payoff Table
of the Massachusetts State Lottery
Perfect Information (4.5)
Sample Information (4.5)
3/4 Lake Placid data
Decision Tree Worksheet
Case Problem assigned
Risk Analysis (4.4)
Sensitivity Analysis (4.4)
Branch Probabilities and Bayes' Theorem (4.6 p. 126)
3/11 Spring Break
3/18 Chapter 3 take home quiz due 3/19
Computing Branch Probabilities
Utility and Decision Making (5.1-5.2)
Utility Worksheet
3/25 Utility and Risk (5.3)
Chapter 4 and 5 Homework due 3/26. Chapter 4: 2, 3, 10, 19; Chapter 5: 4
Chapter 4-5 quiz 3/26
Introduction to Chapter 7
4/1 Linear Programming (7.1, 7.2)
Steps needed to formulate a linear programming problem
4/8 Graphing and Interpreting Feasible Regions (7.2, 7.3)
RMC Chemical problem data
M&D Chemicals problem
Linear Programming Worksheet
Excel worksheet solution
Surplus Variables and Minimization (7.5)
4/15 Special Cases (7.6)
Sensitivity Analysis (8.1-8.4)
More Than Two Decision Variables (8.4)
Using the Solver in Excel 2010
Optional Case Problem checkup due
Brunch linear programming worksheet
RMC modified (p. 321)
4/22 Chapter 7 & 8 Quiz 4/23
Scheduling and Project Networks (13.1)
4/29 Chapter 7 and 8 homework due 4/30: Chapter 7: 9, 12, 21, 25; Chapter 8: 3, 16(a).
Case project due 5/2
Quiz redo due 5/2
Project Network Worksheet
Uncertain times (13.2) Time-Cost Trade-offs (13.3)
Chapter 13 Homework (not graded): 3, 6, 13
3/14 Final Exam, 2:00-4:00


MATH318