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MMPC 005 Quantitative Analysis for Managerial Applications | Quick Readable Notes For IGNOU Exam

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MMPC 005 Quantitative Analysis for Managerial Applications | Quick Readable Notes For IGNOU Exam

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Master essential quantitative analysis techniques for effective managerial decision-making. This guide provides concise, exam-focused content for MBAOM students.
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  • Comprehensive coverage of key quantitative techniques
  • Easy-to-understand notes for quick revision
  • Focused content to help excel in exams
  • Syllabus covered in 100-130 pages for efficient studying
Category : MASTER‘S DEGREE PROGRAMMES
Sub Category : Master of Business Administration – Operations Management (MBAOM)
Products Code : Master essential qua
HSN Code : 490110
Language : English
Author : BMAP EDUSERVICES PVT LTD
Publisher : BMAP EDUSERVICES PVT LTD
University : IGNOU (Indira Gandhi National Open University)
Pages : 100-130
Weight : 157gms
Dimensions : 21.0 x 29.7 cm (A4 Size Pages)



Details

The MMPC 005 Quantitative Analysis for Managerial Applications is a crucial subject for students pursuing an MBA in Operations Management. This guide is designed to help you understand and apply quantitative analysis techniques effectively in managerial contexts. With its comprehensive yet concise notes, this book ensures you cover the entire syllabus efficiently, making it easier to prepare for exams.

Key Benefits:

  1. Comprehensive Coverage: All essential quantitative analysis techniques are covered, providing a solid foundation for making data-driven decisions in management.
  2. Easy-to-Understand Notes: Simplified explanations and examples make complex concepts more accessible, ensuring quick and effective learning.
  3. Focused Exam Preparation: The guide is designed to highlight key topics that are crucial for exams, helping you focus your study efforts where they matter most.
  4. Efficient Studying: The entire syllabus is condensed into 100-130 pages, allowing for efficient revision and better retention of important concepts.

Content Overview:

  • Introduction to Quantitative Analysis: Understanding the role and importance of quantitative methods in managerial decision-making.
  • Statistical Tools and Techniques: Key statistical methods including mean, median, mode, variance, standard deviation, and probability distributions.
  • Linear Programming: Concepts, formulation of problems, graphical and simplex methods.
  • Decision Theory: Decision-making under uncertainty, risk analysis, and decision trees.
  • Forecasting Methods: Time series analysis, moving averages, and exponential smoothing.
  • Inventory Control Models: Economic Order Quantity (EOQ), Just-in-Time (JIT), and safety stock calculations.
  • Project Management Techniques: PERT and CPM methods for project planning and control.
  • Simulation: Use of simulation techniques for complex problem-solving in operations management.

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This guide will be your companion in mastering the MMPC 005 Quantitative Analysis for Managerial Applications, ensuring you have the knowledge and confidence to excel in your exams and future managerial roles.

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