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This text gives students a thorough understanding of various quantitative methods used in business and economics for solving real-world problems. Avoiding rigorous mathematics, the book provides substantive coverage of all the relevant topics, advanced as well as simpler techniques, with lucid explanations and examples so that students will readily understand the logic of each approach and how quantitative concepts can be put into practice.
Starting with the fundamentals of matrix algebra and calculus, students will learn optimization theory and also understand several quantitative models such as inventory analysis, input-output model, decision theory, Markov chains, and so forth.
The book, with its selection of topics that are most in demand in real-life work, can be used as a text for a course in Quantitative Tools and Techniques for MBA students. In addition, the text is suitable for a course in Managerial Economics, where students need to know topics such as derivatives and their applications to business and economic models (for example, profit maximization, cost minimization, demand and supply curves), optimization, linear programming, regression analysis, and decision theory.ISBN-- 8120323033
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Pages : 392
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