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MGMT6036
Developing
Quantitative Business Analysis
Course Material
Introduction to
Academic Resources
Quantitative Center
Analysis
1
Introduction
to
Quantitative
Analysis
To accompany
Quantitative Analysis for Management, Twelfth Edition,
Global Edition,
by Render, Stair, Hanna and Hale Copyright ©2015 Pearson Education, Inc.
Power Point slides created by Jeff Heyl
LEARNING OUTCOMES
On successful completion of this course, student will be able to:
LO 1: Explain the concept of quantitative business
analysis
Developing a Model
Developing a Solution
$ Sales
understandable
mathematical
representations of a
situation $ Advertising
Garbage
In
Process
Garbage
Out
where
s = selling price per unit v = variable cost per unit
f = fixed cost X = number of units sold
Fixed cost
BEP =
(Selling price per unit) – (Variable cost per unit)
Solving
• Salesfor X, we have
of less than 200 units of rebuilt springs
f = (s – v)X
will result in a loss
• Sales of over 200 units f of rebuilt springs will
result in a profitX = s – v
Fixed cost
BEP =
(Selling price per unit) – (Variable cost per unit)
POM-QM for
Windows
• An easy to use
decision support
system for use in
POM and QM
courses
• This is the main
menu of quantitative
models
• An Excel add-in