FACULTY OF BUSINESS

Department of International Trade and Finance

BA 250 | Course Introduction and Application Information

Course Name
Management Science
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
BA 250
Fall/Spring
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Service Course
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Discussion
Group Work
Problem Solving
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives This course aims at teaching a variety of management science methods useful in solving management problems in many areas such as Marketing, Finance, and Production.
Learning Outcomes The students who succeeded in this course;
  • Describe basic concepts and techniques of mathematical modelling.
  • Formulate business problems mathematically.
  • Apply linear and integer programming for the solution of business problems.
  • Use computer software to solve complex mathematical models.
  • Analyze decision problems under both certainty and uncertainty.
Course Description The main emphasis of the course is how to model a managerial problem using mathematical modeling (Linear programming and Integer programming). Many examples from different application areas are given. Solution techniques for some special problems are discussed.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Break-even Point Analysis Chapter 1 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
2 Linear Programming: Modelling and Graphical Solution Chapter 2 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
3 Linear Programming: Modelling and Graphical Solution Chapter 2 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
4 Linear Programming: Sensitivity Analysis Chapter 3 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
5 Modelling Examples in Business Field Chapter 4 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
6 Modelling Examples in Business Field Chapter 4 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
7 Integer Linear Programming Models Chapter 5 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
8 Integer Linear Programming Models Chapter 5 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
9 Midterm Exam
10 Network Flow Models Chapter 6 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
11 Network Flow Models Chapter 6 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
12 Project Management Chapter 8 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
13 Project Management Chapter 8 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
14 Nonlinear Programming Chapter 10 (Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition)
15 Review of the Semester
16 Final Exam

 

Course Notes/Textbooks

Introduction to Management Science. Bernard W. Taylor III, Twelfth Edition, Prentice-Hall, New Jersey, ISBN-13: 978-0132752008

Suggested Readings/Materials

Operations Research Applications and Algorithms, Wayne L. Winston, Fourth Edition, Thomson Books, ISBN-13: 978-0534380588

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
1
5
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
20
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
35
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
3
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
2
32
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
15
15
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
36
36
Final Exam
1
40
40
    Total
171

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.

2 To be able to use the theoretical and practical knowledge gained in the field of International Trade and Finance.
3 To be able to analyze the developments in global markets by using critical thinking skills.
4 To be able to analyze and interpret data in the field of finance, commerce and economics by using information technologies effectively.
5 To be able to acquire knowledge about the legal regulations and practices in the field.
6 To be able to foresee and define the risks that could be encountered in the field of trade and finance and to take decisions to manage such risks.
7 To be able to acquire and use verbal and numerical skills necessary for the nature of international trade and finance program.
8 To be able to obtain, synthesize and report the information related to the fields of trade and finance.
9 To be able to contribute to the solution of problems as individual, team member or leader.
10

To be able to evaluate the issues related to the field with an ethical perspective and social sensitivity.

11 To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).
12 To be able to speak a second foreign at a medium level of fluency efficiently.
13 To be able to relate the knowledge accumulated throughout human history to their field of expertise.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


SOCIAL MEDIA



NEWS |ALL NEWS

Izmir University of Economics
is an establishment of
izto logo
Izmir Chamber of Commerce Health and Education Foundation.
ieu logo

Sakarya Street No:156
35330 Balçova - İzmir / Turkey

kampus izmir

Follow Us

İEU © All rights reserved.