Western New England College

QM QUANTITATIVE METHODS

School of Business


QM 201 INTRODUCTION TO BUSINESS STATISTICS

Prerequisite: CIS 101, MATH 112. A comprehensive introduction to the use of statistics in business decision-making. This course provides the analytical tools needed for making informed business decisions using data. The focus is on decision making using the tools of statistics. Topics include graphical and numerical summaries of data, probability distributions, hypothesis tests of mean and proportion, the chi-squared test of statistical independence and simple linear regression. The use of computing tools in statistical analysis is emphasized heavily. 3 s.h. Laboratory fee $10.

QM 301 TOTAL QUALITY MANAGEMENT (TQM)

Prerequisites: QM 201; MAN 101. A course covering the fundamental concepts of Total Quality Management, including the management philosophy underlying TQM and the technical methods needed to implement a quality program. The student examines the requirements of ISO 9000 and the importance of quality to order to compete internationally. 3 s.h. Laboratory fee $10.

QM 302 FORECASTING FOR BUSINESS

Prerequisites: QM 201; CIS 200 or CIS 201. An exploration of statistical forecasting techniques for business. The major focus is on the development and utilization of forecasting models to assist managers in decision making. Students develop and explore several computer- based forecasting models. Topics include the business planning environment for forecasting, basic concepts of forecasting, time series models and regression models. 3 s.h. Laboratory fee $10.

QM 303 DECISION SCIENCE

Prerequisites: QM 201, CIS 200 or CIS 201. A problem-solving course which teaches students the development and exploration of computer-based decision-making models, with an emphasis on optimization models. The student develops and experiments with computer models incorporating state-of-the-art application software. Spreadsheet models are emphasized. Topics include linear programming, project management, decision analysis, inventory control, and queuing systems. Analytical, numerical and simulation techniques are utilized. 3 s.h. Laboratory fee $10.

QM 304 MARKETING TECHNOLOGY AND ANALYSIS: USING STATISTICS AND INFORMATION

SYSTEMS TECHNOLOGY IN MARKETING Prerequisites: MK 101; MK 220; QM 201; and CIS 200 or CIS 201. A course which summarizes and consolidates previously covered material in Marketing, Computer Information Systems and Quantitative Methods. It introduces students to (1) the quantitative and qualitative analysis of large bodies of marketing data and (2) to the manipulation of this data to achieve desired objectives. Topics include quantitative analysis, statistical inference, and the application of database technology to marketing. 3 s.h. Laboratory fee $10.

QM 305 QUANTITATIVE ANALYSIS FOR ACCOUNTING AND FINANCE

Prerequisites: QM 201; AC 201; FIN 214. A course which covers the quantitative analysis tools associated with professional practice in Accounting and Finance. It supports subsequent work in those subjects. Topics include the time value of money, the use of regression analysis and managerial accounting, finance and investments, the size, technique and structure of samples, decision theory and the of use linear programming for managerial accounting, and indices. 3 s.h. Laboratory fee $10.

QM 306 QUANTITATIVE ANALYSIS FOR SPORT MANAGEMENT

Prerequisites: CIS 200 or CIS 201; QM 201. The application of statistics and data analysis techniques to sports and sports facilities. The use of descriptive statistics and the extracting and cross-tabulation of data from databases are emphasized. Issues of statistical inference, mensuration and digitization are addressed. 3 s.h. Laboratory fee $10.

QM 336 LOGISTICS/PHYSICAL DISTRIBUTION

Prerequisites: MK 101, QM 201. A study of physical distribution functions and their relationships within an organization. Case studies and readings are utilized to study elements of distribution other than transportation: inventory control, warehousing and distribution centers, customer service, materials handling, industrial packaging and international distribution. A quantitative analysis approach is emphasized. 3 s.h. Laboratory fee $10.


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