Course Description

Course Name

Quantitative Methods for Business

Session: VRMF3123

Hours & Credits

3 Credits

Prerequisites & Language Level

Pre-requisites: MTH 102 and ACC 201 and MGT 201 or permission of the instructor.

Taught In English

  • There is no language prerequisite for courses at this language level.


This course introduces students to an array of quantitative methods used to help business people make decisions about strategy and resource allocation. Managers use quantitative tools to help them answer questions such as “Should we expand our business and if so, how?”, “What will the impact of a new product introduction be?”, “How can I predict my competitor’s next move?”, “What is the risk of moving to a new technology or a new market?”, "How can we ensure this project will be completed on time and on budget?”, “How should we manage inventory?”, “What do our market research statistics tell us?”, and “How can we increase our quality level?” among others. The focus of this course is on real-world applications in Marketing, Finance and Operations that will allow students to hone skills in applying commonly used quantitative tools and approaches. These include risk and sensitivity analysis, statistics and probability distribution, forecasting methods including regression, project management (critical path and PERT), game theory and decision analysis among others

*Course content subject to change