The University of Southampton
Courses

MANG2006 Principles and Practice of Management Science

Module Overview

MANG2006 introduces the building blocks of Management Science as a discipline, which is at the heart of decision-making. The module introduces the history and the context along with the general Management Science approach to decision-making. The rest of the module is of quantitative nature and introduces a number of basic techniques such as mathematical modelling including linear and integer programming, inventory theory, simulation and queuing theory. The coverage of each technique is such that emphasis is given to practical applications on realistic problems and the interpretation of the solutions. The module also covers the use of spreadsheets as modelling tools.

Aims and Objectives

Module Aims

The module is designed to complement the syllabus of MANG2007; together they provide an account of Management Science (MS), what it is and what it has to offer the practice of management. This module will describe many of the classical MS problems and solution techniques and illustrate their use and effectiveness. You will have the opportunity to explore the process of understanding, formulating, solving and analysing a number of practical problems using the tools and techniques introduced in the module.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The nature of MS, its history and the context of its contribution to management;
  • The range of techniques, tools, models, methods and approaches;
  • The practical use of MS approaches.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Apply a number of the core MS approaches;
  • Apply MS in practical contexts in a considered manner;
  • Evaluate the outcome of the MS approaches with respect to sensitivity and uncertainty.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Use of spreadsheets to solve mathematical programming problems and to perform discrete-event simulations.
Subject Specific Practical Skills

Having successfully completed this module you will be able to:

  • Use quantitative modelling approaches;
  • Use problem-solving skills;
  • Use rational analytic skills.

Syllabus

Management Science: history, context, and the management science process. Mathematical modelling: the development and formulation of a mathematical model. Solution approaches for management problems; specifically, Linear and Integer Programming, Inventory Theory, Simulation and Queuing Theory. The interpretation of the mathematical models and solutions in management science.

Learning and Teaching

Teaching and learning methods

Teaching methods include: - Lectures that will cover the taught material and include example problems and worked solutions and class discussion. - Classes where problem example sheets will be set in advance to be discussed and solved in the class. - Computer workshops where tutorial sheets will be provided on simulation and optimisation. Learning activities include: - To include computer workshops on Linear Programming. - Simulation.

TypeHours
Revision16
Lecture24
Follow-up work8
Completion of assessment task20
Preparation for scheduled sessions68
Tutorial10
Wider reading or practice4
Total study time150

Resources & Reading list

Albright SC and Winston WL. (2007). Management Science Modelling. 

Hillier FS and Lieberman GJ. (2005). Introduction to Operations Research. 

Anderson DR, Sweeney DJ, Williams TA and Wisniewski, M (2009). An Introduction to Management Science: Quantitative Approaches to Decision Making. 

Assessment

Formative

Example Problem

Summative

MethodPercentage contribution
Examination  (2 hours) 70%
Individual Coursework  (2000 words) 30%

Repeat

MethodPercentage contribution
Examination  (2 hours) 70%
Individual Coursework  (2000 words) 30%

Referral

MethodPercentage contribution
Examination  (2 hours) 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Prerequisites: MANG1007 Management Analysis 2016-17 or MANG1019 Foundations Of Business Analytics 2016-17 or ECON1005 Intro To Maths For Economics 2016-17 or ECON1008 Mathematics For Economics 2016-17

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the core/recommended text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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