Reference no: EM132199574

Topic: Application of Quantitative techniques in business and economics

Quantitative Methods in Management offer a systematic approach for the analysis of phenomena in business economics and economics in general. In the modern world of increasing development in information technology, the amount of numerical data has increased enormously, and at the same time the acquisition of knowledge has become easier.

Quantitative methods provide techniques to domesticate this growing accumulation of data as support for economic decision-making. It is worth adding that, generally, quantitative analysis relies extensively on viewing phenomena through models, and some of the largely used models are: The Linear Programming model, Transportation and Assignment problems models, and Network models.

The application targets for these methods cover many fields of business, such as economics, finance, risk management, quality management and logistics. You are required to develop a subject about the application of quantitative methods in one of the mentioned fields, and describe the method of applying models in it.

Note: the underlined expressions should be covered in your project.

Project Task

You have to respect the working guidelines given below and the submission date.

Working Guidelines for Project A. Project Structure:
It is recommended that your project report have the following structure in the order provided here.

1. Title page
The students' details should be filled in the cover letter provided.

2. Abstract / Executive Summary
The Abstract consists of the project title and about half a page concise summary containing the scope and results of your study.

3. Table of Contents
Table of contents should contain titles and page numbers for the main sections and subsections of your report. The table of contents should also include entries for any appendices in your report.

4. Report Body
This is the central and main part of the project which contains the actual work done during the project. The main requirement is that you need to structure the report so that it is clear and structured in a way that makes sense. Grammar and spellings count.

5. Conclusions
The project's conclusions should list the things which have been learnt as a result of the work you have done.

6. References
You are responsible for appropriately citing material and methods that you use. Give references for the data collected from a text book, a magazine or a website identifying its sources while using the appropriate form. In the references section, references should be in a numbered list, ordered alphabetically by the last name of the first author.