Management

Management mathematics

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People in business, economics and the social sciences are increasingly aware of the need
to be able to handle a range of mathematical tools. This course is designed to ll this
need by extending the 100 courses in Mathematics and Statistics into several even more
practical and powerful areas of mathematics. It is not just forecasting and index
numbers that have uses. Such things as differential equations and stochastic processes,
for example, do have direct, frequent and practical applications to everyday
management situations.
This course is intended to extend your mathematical ability and interests beyond the
knowledge acquired in earlier 100 courses. Throughout the mathematical and
quantitative courses of the degrees we attempt to emphasise the applications of
mathematics for management problems and decision-making. MT2076 Management
mathematics is no exception. However, you must always recognise the need to `walk
before you can run' and hence new topics sometimes need to be covered in a relatively
detailed mathematical way before the topics' uses can be emphasised by more
interesting and practical examples. It must be admitted that many good managers are
not very mathematically adept. However, they would be even more inquisitive, more
precise, more accurate in their statements, more selective in their use of data, more
critical of advice given to them, etc. if they had a better grasp of quantitative subjects.
Mathematics is an important tool which all good managers should appreciate.
Many of the topics within this course are extensions of the comparatively simple ideas
covered within your 100 courses in Mathematics and Statistics. Other topics are
fundamentally new. The course therefore both extends and reinforces existing
knowledge and introduces new areas of interest and applications of mathematics in the
ever-widening eld of management.

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Detail Information

Series Title

Management mathematics

Call Number

-

Publisher

London : University of London., 2014

Collation

1-78

Language

English

ISBN/ISSN

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Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edition

Subject(s)

Mathematics

Specific Detail Info

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Statement of Responsibility

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