University of Saint Louis

Tuguegarao City, Cagayan

School of Business Administration and Accountancy

Bachelor of Science in Accountancy
S.Y. 2013-2014

Course Information and Syllabus in Math 4

DESCRIPTIVE TITLE : QUANTITATIVE TECHNIQUES IN BUSINESS

CREDIT UNITS : 3 units (54 lecture)

PRE-REQUISITE : Math 3

COURSE DESCRIPTION:

This course is for BS Accountancy students who finished Calculus for Business. The course deals with the scientific and systematic procedures of
solving business problems. It equips the student with the knowledge in evaluating quantitative data for decision making. It covers mathematical decision
models such as linear programming and special purpose algorithms; decision making process under certainty and risk; decision tree construction and
analysis, inventory modeling, queuing theory and program evaluation and review techniques.

COURSE LEARNING OUTCOMES:

At the end of this course, the students should be able to:

1. relate the concepts of quantitative techniques in business to their future profession;

2. show the necessary skills in solving business problems using the different quantitative methods/techniques;
3. develop their analytical skills in the decision-making process;
4. draw graphs, tables and diagrams;
5. associate the nature and significance of the different quantitative techniques in business to their future profession;
6. appreciate the significance of the quantitative methods to his/her personal life;
7. discover the importance of accurate, objective and timely report for decision-making purposes;
8. value accountability, honesty, collaboration, competence, communication, confidence, discipline, efficiency, honor, initiative, integrity, ownership,
quality, trust and truth.
References:

Printed references:

Textbook:

Sirug, W.(2006). Quantitative techniques for business. Mindshapers C., Inc., Intramuros, Manila

Books

Arao, R.(2009). Quantitative approaches in decision-making with computer application. First Edition, Rex Book Store, Inc.

Anderson, D. ( 2008). Quantitative methods for business. 11th edition, South Western College Publishing, Canada

Cabrera, M.E. ( 2007). Management accounting concepts and application. GIC Enterprises & Co., Inc., Manila

Mercado-Del Rosario, A.(2006). Quantitative techniques for business management. 4th Edition, Del Ros Publishing House, Malate, Manila

Roque, R.(2003). Management advisory services. Roque Press Inc., Malabon, Metro Manila

Periodicals/Journals:

Klemic, G. G. and Eveann Lovero. (January–February 2011). Closing the loop: assessing slo’s for quantitative and qualitative models in business
courses. Wiley Periodicals, Inc 23(1)

McClure, Richard. (2008). Quantitative literacy for undergraduate business students in the 21st century. Journal of Education for Business, 83(6),
369-374.

Goldfinch, Judy (2006). The effectiveness of school-type classes compared to the traditional lecture/tutorial method for teaching quantitative
methods to business students. Studies in Higher Education. 21(2)

Electronic Resources:

Linear equation problems.Retrieved October 30, 2013 from http://www.math10.com/en/algebra/equations.html.

Math 4: Quantitative Techniques in Business 2

 Linear algebra solutions. Retrieved October 22, 2013 from http://math.bard.edu/~mbelk/math601/.pdf.

Course Outline:

Time
Allotment Activities/Strategies/Instructional Learning Outcomes
TOPICS Materials
(No. of
hours )
I. Review of linear Equations and Linear Guide Discussion
Inequalities 1. The instructor introduces the topics on  Graph the system of inequalities in one
A. Linear Equations 2 linear equations and linear inequalities or two variables.
1. Linear Equations in One Variable through examples. (e.g. linear equations  Develop patience and perseverance.
2. Linear Equations in Two Variables in one variable and two variables, etc.)
3. System of Linear Equations 2. Asks students to solve the problems
i. Elimination Method written on the board and explain.
ii. Substitution Method 3. From the sharing, the instructor relates
iii. Graphical Method the concept of linear equations and linear
B. Linear Inequalities inequalities
1. Linear Inequalities in One Variable 3 4. Writes some problems on the board
2. Equivalent Inequalities 5. Identify the given, solve, and interpret
3. Linear Inequalities in Two Variables 6. Asks students to solve for the other
4. System of Inequalities in One or sample problems.
Two Variables 7. A student will be asked to show his/her
solution on the board and interpret the
answer.
II. Linear Programming Group Dynamics  Appreciate the importance of using
A. Graphical Method 2.5 1. The class is divided into two big groups linear programming in solving resource
B. The Simplex Method/Algorithm 3 (left and right side) allocation related problems.
C. Special Purpose Algorithms of Linear 2. Each big group will be divided into five  Use graphical method for solving both
programming smaller groups. maximization and minimization linear
1. The maximization model 3 3. Each small group will have two sets of programming problems.
2. The minimization model problems to solve using the graphing
3 method
4. Each group will share their output on their
Math 4: Quantitative Techniques in Business 3

Allotment
TOPICS
(No. of
hours )
Preliminary Examinations
III. The Decision Theory
A. Mathematical Expectation or Expected
Value
B. Value of Information
C. Decision Under Certainty
D. Decision Under Uncertainty
E. Decision Under Risk
F. Expected Value of Perfect Information
G. Decision Tree Analysis
IV. Break-Even Analysis
A. Linear Profit Analysis
B. Nonlinear Profit Analysis
C. Derivatives
D. Finding the Critical Points of Nonlinear
Functions
E. Application of Maxima and Minima in
Business
Time
Activities/Strategies/Instructional Learning Outcomes
Materials
own members.
5.The teacher will call a representative from
each big group to share their output to the
class.
1.5
Picture Prompt  Recognize the importance of using
1 1. The instructor introduces the topics by probability theory in decision making.
asking one student to describe a tree and
identify its parts.  Construct a decision tree and apply the
1 2. A problem set will be given to the process of decision tree analysis in
1 students to be solved individually as the solving problems.
1 discussion is going on.
1 3. The steps in decision – making will be
given to be followed in solving the given
1 set.
4. The instructor presents the step by step
solution of the problem.
5. The students by dyads solve two other
problem sets.
6. The output will be collected.
7. Selected students will be asked to present
their solutions on the board and explain.
Guided Discussion
1 1. The instructor introduces the lesson on  Determine break-even point when
break even. multiple products are sold in
1.5 2. From the discussion, the instructor gives combination.
1.5 the formulas break even point.
2. Writes some problems on the board.  Enhance speed and accuracy in solving
2 3. Identify the given, solve, and interpret. problems on maxima and minima.
4. Asks students to solve for the other
sample problems on the board
5. A student will be asked to show his/her
Math 4: Quantitative Techniques in Business 4

Allotment
TOPICS
(No. of
hours )
V. Inventory Model
A. Holding and Carrying Costs
B. Ordering or Set-up Costs
C. Purchase or Direct Production Cost
D. Shortage Cost
E. The Economic Order Quantity
Midterm Examinations
VI. Forecasting
A. Definition of Forecasting
B. Classification of Forecasting
C. Types of Qualitative Forecast
1. Delphi Method
2. Jury of Executive Opinion
3. Sales Force Composite
4. Consumer Market Survey
D. Types of Quantitative Forecast
1. Time Series Methods
i. Moving Average
ii. Exponential Smoothing
iii. Trend Projections
2. Causal Methods
i. Regression Analysis
Time
Activities/Strategies/Instructional Learning Outcomes
Materials
solution on the board and interpret the
answer.
Guided Discussion
1 1. The instructor discusses the importance of  Identify inventory problems encountered
inventory management. in business.
1 2. From the discussion, the instructor gives  Appreciate the rationale of economic
1 the formulas of quantitative forecasts. order quantity.
1.5 2. Writes some problems on the board.  Discuss the nature of ordering costs and
3. Identify the given, solve, and interpret. carrying costs.
4. Asks students to solve for the other
sample problems on the board
5. A student will be asked to show his/her
solution on the board and interpret the
answer.
1.5
Guided Discussion  Relate the importance/significance of
1 1. The instructor introduces the lesson by forecasting in business.
citing an example of a forecast.
2. From the discussion, the instructor asks  Create a forecast using qualitative
students to do the same. forecasting methods and quantitative
3. The teacher relates the examples to forecasting methods.
business setting.
2. Writes some problem applications on the
board.
3 3. Identify the given, solve, and interpret.
4. Asks students to solve for the other
sample problems on the board
5. A student will be asked to show his/her
2 solution on the board and interpret the
answer.
Math 4: Quantitative Techniques in Business 5
 Time
Allotment Activities/Strategies/Instructional Learning Outcomes
TOPICS Materials
(No. of
hours )
ii. Multiple Regression
VII. Network Analysis Guided Discussion
A. Network Models 3 1. The instructor explains the importance  Construct a network diagram and identify
1. Critical Path Method and types of forecasting. the critical path as well as the target
2. Program Evaluation and Review 2. From the discussion, the instructor gives completion time of a given project.
Technique the formulas of quantitative forecasts.
3. Critical Path Method-Project Crashing 2. Writes some problems on the board.
B. Network Project Scheduling Techniques 3. Identify the given, solve, and interpret.
C. Analysis of Project Crashing 1.5 4. Asks students to solve for the other
sample problems on the board
1.5 5. A student will be asked to show his/her
solution on the board and interpret the
answer.

VIII. Queuing Theory Punctuated Lectures

A. Waiting Line System
B. Basic Queuing System Configuration
C. Service Time Distribution
D. Varieties of Queuing Models
1.5  Determine the different customer’s
1 The teacher asks students in a group of behaviors.
1 seven to perform five steps: listen, stop,  Explain the theories on how to manage
1 reflect, write, give feedback. queues effectively.
 Apply the appropriate queuing model in
Each group will present a summary of their solving problems.
sharing before the class.

Guided Discussion
1. The instructor explains the business
situation where queuing theory is applied
and the learning objectives were
presented.
2. The class will be divided into 8 groups.
3. Each group will identify a particular
business (e.g. fast foods, repair shops,

Math 4: Quantitative Techniques in Business 6

 Time
Allotment Activities/Strategies/Instructional Learning Outcomes
TOPICS Materials
(No. of
hours )
drug stores, car wash services, grocery
stores) different from the other groups and
discuss the possible solutions to reduce
the length of waiting lines.
4. The instructor will call a representative
from each group to share their output to
the class.
Final Examinations 1.5

Course Project: None

Research: (Not Applicable)

Outreach: (Not Applicable)

Assessment for seatwork/activities:

Step 1 (Range Progressing (Range 7-10) Near Proficiency Proficient (Range 15-18) Advance (Range 19-20)
0-6) (Range11-14)

Understand Did not Did not understand Understood enough to Understood the problem Completely understood the problem
the problem understand enough of the problem to solve part of the problem and special factors that influenced
problem make progress the strategy selected.

Devise a plan Strategy was Strategy did not work Strategy only leads to Strategy worked to solve the Strategy was efficient or
not evident solving part of the problem sophisticated.
problem

Carry out the Reasoning was Reasoning was incorrect Partially correct Correct procedure was used A procedure was used that will lead
plan not evident procedures was used but with minor omission or to a correct solution with no errors

Math 4: Quantitative Techniques in Business 7

 with major errors procedural errors

Look back Did not solve Did not solve the problem Only solved part of the Solved the problem correctly Solved the problem and made a
problem correctly problem correctly general rule about the solution or
extended the solution

Grading System:
Criteria in Grading Prelim Midterm Finals
Class Standing=50%
Quizzes 25 25 25
Seatwork/Group work/Activities 10 10 10
Assignment 10 10 10
Recitation/Board work 5 5 5
Major/Periodic Exam 50% 50% 50%
TOTAL 100% 100% 100%

Syllabus revised by:

GLADYS T. TUMBALI, MBA

Subject Teacher

Reviewed by:

Math 4: Quantitative Techniques in Business 8

MARY QUEEN RAMOS, CPA
Accountancy Department Head

Recommended by:

FLORIDA A. MALLILLIN, MSIT

Asst. Dean

Approved by:

EMMANUEL JAMES P. PATTAGUAN, Ph.D.

OIC Dean/VP for Academics

Math 4: Quantitative Techniques in Business 9