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MBA 674 Quantitative Analysis forManagement Decisions
Soule, Peter E.


Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.

Course

MBA 674 Quantitative Analysis forManagement Decisions

Semester

FAP 2012 MB

Faculty

Soule, Peter E.

Title

Professor of Economics

Degrees/Certificates

PhD Economics

Office Location

Mackay Room 27A

Office Hours

Wednesday 10:00-12:00 and 2:00-6:00 pm

Daytime Phone

913-486-5649

E-Mail

pete.soule@park.edu

Semester Dates

22 Aug-Dec 12

Class Days

---W---

Class Time

6:00 - 8:30 PM

Prerequisites

EC141, EC142, and EC315

Credit Hours

3


Textbook:
 

Thomas and Maurice, Managerial Economics, 10th ed. McGraw-Hill 2011 ISBN 978-0-07-337591-5. Textbooks can be purchased through the Parkville Bookstore

Soule, Pete  Guide to Quantitative Research Methods 2012

         (Purchase in Parkville Copyshop  [NOT Bookstore] $6.00 cash or check)

Textbooks can be purchased through the Parkville Bookstore

Additional Resources:

McAfee Memorial Library - Online information, links, electronic databases and the Online catalog. Contact the library for further assistance via email or at 800-270-4347.
Career Counseling - The Career Development Center (CDC) provides services for all stages of career development.  The mission of the CDC is to provide the career planning tools to ensure a lifetime of career success.
Park Helpdesk - If you have forgotten your OPEN ID or Password, or need assistance with your PirateMail account, please email helpdesk@park.edu or call 800-927-3024
Resources for Current Students - A great place to look for all kinds of information http://www.park.edu/Current/.


Course Description:
MBA 674 Quantitative Analysis for Management Decisions: This course covers microeconomic analysis of specific problems faced by business firms. These problems include selecting the optimal product mix to maximize profit or minimize cost; selecting the optimal portfolio mix to meet specific firm financing requirements; selecting the optimal path for shipping products or raw materials; and other problems relevant to the business firm. The course includes determining an optimal solution to conflicting firm objectives such as maximizing profit and minimizing pollution. It also covers the solution of problems that include soft constraints. The analysis is conducted using Microsoft Excel to solve problems by linear programming and regression analysis. Prerequisites: EC 141, EC 142, and EC 315 or equivalent approved by Program Director. (Formerly EC 604)

Educational Philosophy:
 

: The purpose of this course is to educate, which requires two things to happen. The teacher must teach or facilitate learning and the student must learn the required materials. This requires feed back to the instructor on how the student is learning. This feedback occurs in written work and classroom discussion. It is preferred that students ask questions during class as they arise. Often, a student will approach the instructor after class with a question that brings up a very important point that should have been addressed during class but the class is out the door. This is especially true with perceived calculation errors on the part of the instructor, which were placed on the black (or white) board and are therefore in everyone’s notes. If there was an error, it will be corrected. If not, there was confusion not only on the part of the student asking the question, but also others in the class, who saw the same apparent error but didn’t ask about it. Obviously, this calls for additional clarification on the part of the instructor.  No student will be belittled for asking a question or making a comment.

Learning Outcomes:
  Core Learning Outcomes

  1. Integrate economic and statistical theory to solve practical business-oriented problems.
  2. Apply, through the use of Excel and/or SPSS software programs, the principles of Regression Analysis and analyze regression coefficients.
  3. Apply, with assistance of Excel software, Linear Programming principles to solve business oriented problems.
  4. Apply the principles of the multiple-regression research model to develop a written proposal on a topic chosen through group collaboration.
  5. Analyze and evaluate the statistical significance of regression results, including the t, R2, and Durbin-Watson statistics, and incorporate the findings in a written formal report for the regression model.
  6. Demonstrate effective communications skills through an oral and/or technology assisted presentation of the group term project proposal and the final report.


Core Assessment:

Class Assessment:
 

HOMEWORK is graded liberally and solution copies are provided to students. The primary purpose of homework is to give feedback to the students and the instructor as to what learning has taken place. Successful mastery of homework is necessary preparation for the test(s). Any questions on the homework problems need to be resolved prior to the subsequent test.

TEST INFORMATION: Tests will primarily involve problem solving but may also have multiple choice and/or short answer sections. The problems will be similar to those presented in class and provided in the homework assignments.   All tests will be closed book and closed-notes. Statistical tables which are handed out in class will be attached to tests as necessary. Test 2 will focus on material presented after the previous Test. The final exam will be comprehensive.

TERM PROJECT. The class will be divided into two person groups that will work together outside of class on their term project. There are three aspects to this project: Topic and Feasibility Paper, Proposal Paper, and Report. The requirements for these papers are discussed in the Guide.

ORAL REPORT is a group project that will result in a grade to each student in the group. Grading will include the group’s compliance with the following. Appropriate attire for all group members is a tie and jacket for males and equivalent attire for females.  Details are in a Guide chapter.

GRADING OF GROUP PROJECTS. The individual student’s grade will generally be the group grade unless there is evidence that a student is not sharing in the group effort, the student is absent, or in the case of oral presentations, is not paying attention to other student presentations.


Grading:
 

                                     Evaluation Item       Points  

             Homework and Case Studies         150   

     Project Topic and Feasibility Paper        100      
                                                   Test 1        150     
                         Term Project Proposal          50      
                                                   Test 2        150  
                Term Project Written Report          50 
                  Term Project Presentation           50 

                                           Final Exam        300      

                                                  TOTAL      1000

Late Submission of Course Materials:
 

Completed homework is collected at the beginning of the class on the day it is due. After that time, up to the point at which the solution is distributed, the maximum homework grade will be 50%. Typically, the homework solution is distributed when homework is returned. After this point LATE HOMEWORK CAN EARN NOT MORE THAN 20% CREDIT.

TESTS: A student, who misses an exam, is allowed to make it up if their absence was excused before the test or is a genuine emergency. Makeup tests will substitute essay questions for the short answer and multiple-choice portion of the original exam. The makeup test will have a different problem section and will include subjects covered since the exam that was missed.

Classroom Rules of Conduct:
 

CELL PHONES and PAGERS. Turn off cell phones and pagers before class. Anyone, who has a vital need for such devices during class, must discuss this with instructor before class. In this situation, if device has a vibrate mode, it must be used. The student must leave the room to take any message. Cell phone and Pagers will be put away for all in-class tests. Anyone with an emergency will sit in the front of the class and place their electronic device on the instructor's desk.

E-MAIL TO INSTRUCTOR: Always use the following subject line: MBA674, First-Name, Last-Name, and (short) subject. If you leave a message by voice mail or any other means be sure to include this information.

Course Topic/Dates/Assignments:
 

Course Topic/Dates/Assignments: Tests are fixed per the schedule below. Class material will be presented in the order shown below but will deviate from the schedule as necessary.

Date             Topic(s)                                                                          Text Chapter

Aug 22           Regression Intro                                                     Guide 1(1-8), 8, 13

Aug 29           Excel Regression                                                    Guide 10, 11, 12

Sep 5           Managers, Profit, and Markets                                                 1 

 Sep 12          Demand, Supply, and Equilibrium                                           2           

 Sep 19-26     Elasticity                                                                                6

                              (Sep 26 Project Topic and Feasibility Paper Due)     Guide 13 

 Oct 3           TEST 1 

Oct 10           Marginal Analysis                                                                  3

Oct 24           Consumer Behavior Theory                                                   5    

Oct 31           Production and Costs in Short Run                                        8

                              (Term Project Proposal Due)                                              Guide 14

 Nov 7           Managerial Decisions in Competitive Markets                          11

 Nov 14         TEST 2 (Last 1 hour and 15 minutes of period) 

                      Forecasting                                                                            7

 Nov 21         Managerial Decisions in Non-Competitive Markets                   12

                         Production and Cost in Long-Run                                            9   

Nov 28           Production and Cost Estimation                                             10    

                                (Term Project Report Due)                                        Guide 15  

 Dec 5           Term Project Oral Presentations                                          Guide 16   

 Dec 12           FINAL TEST                                                   All Previous References

Academic Honesty:
As a learning community, the University upholds the highest standards of academic integrity in all its academic activities, by faculty, staff, administrators and students. Academic integrity involves much more than respecting intellectual property rights. It lies at the heart of learning, creativity, and the core values of the University. Those who learn, teach, write, publish, present, or exhibit creative works are advised to familiarize themselves with the requirements of academic integrity and make every effort to avoid possible offenses against it, knowingly or unknowingly. Park University 2012-2013 Graduate Catalog Page 21-22

Plagiarism:

Plagiarism is the appropriation of another person's ideas, interpretation, words (even a few), data, statements, illustration or creative work and their presentation as one's own. An offense against plagiarism constitutes a serious academic misconduct.  Although offenses against academic integrity can manifest themselves in various ways, the most common forms of offenses are plagiarism and cheating. Plagiarism goes beyond the copying of an entire article. It may include, but is not limited to: copying a section of an article or a chapter from a book, reproduction of an art work, illustration, cartoon, photograph and the like and passing them off as one's own. Copying from the Internet is no less serious an offense than copying from a book or printed article, even when the material is not copyrighted.

Plagiarism also includes borrowing ideas and phrases from, or paraphrasing, someone else's work, published or unpublished, without acknowledging and documenting the source. Acknowledging and documenting the source of an idea or phrase, at the point where it is utilized, is necessary even when the idea or phrase is taken from a speech or conversation with another person.

Park University 2011-2012 Graduate Catalog Page 21


Attendance Policy:

Students must participate in an academically related activity on a weekly basis in order to be marked present in an online class. Examples of academically-related activities include but are not limited to: contributing to an online discussion, completing a quiz or exam, completing an assignment, initiating contact with a faculty member to ask a course related question, or using any of the learning management system tools. Park University 2012-2013 Graduate Catalog Page 26

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .

Copyright:

This material is protected by copyright
                               and can not be reused without author permission.

Last Updated:8/6/2012 10:05:09 PM