Unit 5 ~ Quantitative Techniques for Business
It's A Buoy
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Aim of Assignment
Apply quantitative techniques to business situations.
Assessment Criteria
- use the appropriate quantitative techniques to address business
problems;
- justify decisions made as a result of using the techniques.
Content
Inventory Control: periodic review, re-order level, Economic Order Quantity (EOQ). demand re-order timing
Linear Programming: formulating the problem, graphical solution, tight and slack constraints
Networking: network diagrams. critical path. slack time, crashing activities. Gantt charts
Indexes: simple. aggregate. retail price index (RPI), deflation
