MGT 2255 Summer ES_0606

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Georgia Institute Of Technology *

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2255

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Management

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Jan 9, 2024

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docx

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Quantitative Analysis for Business MGT 2255 Summer ES Instructor : Li Ding, PhD Office Hours : Every Wednesday 10-11 AM via Zoom or by appointment (If nobody shows up within 20 minutes, I will be leaving the session) Zoom link : https://gatech.zoom.us/j/4306883482 E-mail : li.ding@scheller.gatech.edu (try not to use Canvas messages) Course Description MGT 2255 is a course focused on the decision-making processes and strategies of businesses. In the course, we will look at how businesses may employ quantitative concepts and techniques in their decisions, to optimize outcomes. Software tools such as Microsoft Excel will be used extensively throughout the semester during the class discussions, cases, and assignments. We will apply quantitative-analytical skills to a wide range of areas such as Supply Chain and Operations Management, Information Technology Management, Finance, Marketing, Accounting, and Strategy. The material is approached from a managerial rather than technical perspective with a focus on how to apply decision technology and how to interpret the results for guiding management action. This is not a course in mathematics. The focus is on the basic structure and logic of the models, not on their mathematical details and proofs. After successful completion of this course students will be able to:  Determine the relationship between two or more variables using a regression model and apply the information gathered from the model to real world problems.  Formulate and solve LP model for variety of real-world problems.  Optimize project scheduling – by, for example, using the Critical Path Method.  Apply Bayesian theory to create the best decision strategy.  Categorize and analyze queuing situations in the manufacturing and service contexts. Textbook and Course Materials Customized book: “Quantitative Analysis for Business” published by Pearson, 2nd edition. ISBN: 0135318203. You will be using two online homework systems/study tools: MyLabOperationsManagment (MyLabOM) and MyLabStatistics (MyLabStat). We will use only the e-book version of the textbook for this class. To get the e-book version of our textbook, which is embedded in MyLabOM, follow the registration instructions document posted on Canvas. You will need either a credit card or an access code. You may purchase the access code at the bookstore (for example, if you have a scholarship). However, the instant access (using your credit card) when you register is less expensive than purchasing the access code in the bookstore. 1

MyLabOM: MyLabOM is an electronic homework and study platform from Pearson (the publisher of our customized e-book). We are going to use MyLabOM for homework 3,4,5,6,7,8 and test 2, test 3 and final test. Again, to gain access to MyLabOM please refer to the two options outlined above. MyLabStat. MyLabStat is another electronic platform from Pearson. MyLabStat will be used for homework 1, 2 and test 1. You will be provided with a free access code for MyLabStat. The registration instructions for MyLabStat and MyLabOM are also posted on Canvas/Modules. A laptop with Microsoft Excel installed (required) Georgia Tech students can, for free, install Office 365 Pro Plus (which includes Excel) on up to 5 PCs or Macs after logging in at https://it.iac.gatech.edu/how-to/96 . Technical Support 1. Pearson technical support. You can contact Pearson Support using link https://support.pearson.com/getsupport/s/ If you are having technical issues with Pearson while completing assignments, please complete the following as it may resolve your issue: delete your cache and cookies, check your browser settings, turn off Pop-up blockers. If you continue to have trouble, please use this link above to access Pearson Technical Support. After contacting them, please send me a screenshot of your conversation and/or your case number, and I will reopen the assignment for you. I will only reopen the assignment to those who provide the documentations. 2. Canvas offers 24/7 technical assistance to all Georgia Tech faculty, staff, and students. The easiest way to contact Canvas Help is by Chat (Links to an external site.) , the Canvas Hotline at 1(877) 259-8498 or email at support@instructure.com . Format of Teaching Since we have many international students and students who have an internship, this class is designed to incorporate aspects of remote mode. All lectures are asynchronous and posted online for every course module on Canvas . Students will receive weekly schedule with clear instructions what they should read, watch, review to understand the concepts of weekly topics. Students will find in the weekly scheduled all requirements for weekly assignments. All weekly schedules will be posted on Canvas under Modules/Module 1- Week 1, Module 2 - Week 2, …., Module 5 - Week 5. Students can find all resources they need to succeed in the corresponding week assignments for this course. Tips for learning new topics  Read the textbook (available in MyLabOM) 2

 Watch asynchronous videos that will be posted on Canvas  Review all slides posted on Canvas  Review HW Study Guides Excel templates (if any) of problems posted on Canvas and make your solutions for solving homework problems and test problems  Review practice test questions and problems  Participate in discussions using the discussion board Q&A Forum opened on Canvas. Study Guidelines 1. Work with the posted materials for the week. Read the Textbook very carefully for every new topic. Make notes of the topics you understand and post any unanswered questions you have in the appropriate discussion area; you are probably not the only one with those questions. All the questions will most likely be answered before the start of the next week. 2. Contact us for help. 3. Try to answer questions that your fellow classmates have. This not only builds your confidence but also makes you look at things more intuitively. 4. Complete all assignments on time. Timely work is the key to success in this course. Discussion Boards: Class Café and Q&A Forum Discussion areas for materials covered in every topic are provided on Canvas for you to post any questions you have about the material covered in the week. I will respond to any questions posted in these discussion areas as soon as I can. A maximum bonus of 5 points will be awarded to students actively participate in discussions and help their fellow students by answering their questions. Please note discussions are designed for students to post legitimate questions, should always follow the communication etiquette (discussed below) and should not be used to vent. Any post that does not match this criterion will be deleted. Etiquette for Communication Here are some tips that can help you in your communication. Try to keep your comments and questions short yet concise.  Use one subject per message.  Be complete and use abbreviations sparingly. Make sure everyone is familiar with the jargon that you may use.  Mistakes are common so don’t criticize people. Ignore spelling errors & other simple errors.  Online correspondence should contain appropriate salutations, not content only.  Follow the same standards of politeness as you do in any other aspect of your life.  Do not ask about grade issues on the discussion boards. Please email to instructor with those concerns. 3

Determination of Grade in Course The points that can be earned from each of those components are given in the table below and yield a total of 700 points. The letter grade corresponding with your total points earned is as follows: 1 8 Homework Assignments 8*20 (pts)=160 2 3 Tests 3*100 (pts)=300 3 Final Test 140 4 Project Management Essay 80 5 Self-Introduction 10 6 Answer Guest Lecture questions 10 Total 700 A: 630 and above B: 560-629 C: 490-559 D: 420-489 F: 419 and below Assignments and tests Tentative assignment and test schedule see pp. 8-12 Self-Introduction ( Discussion Board: Class Café ) : During our first weeks of classes, please upload your self-introduction along with your favorite picture(s) of yourself to the Class-Café Forum. Homework: You should complete homework #1, 2 using the online platform MyLabStat. For Homework 1 and 2, you must submit your excel solution to Canvas in addition to your answer submissions on MyLabStat . Without this additional submission to Canvas, the homework score will be penalized by 50%. You should complete homework #3, 4, 5, 6, 7, 8 using the online platform MyLabOM. For Homework 3,4,5,6,7,8 you must submit your excel solution for non-conceptual questions to Canvas in addition to your answer submissions on MyLabOM . Without this additional submission to Canvas, the homework score will be penalized by 50%. No late homework will be accepted (unless for the first week to accommodate students who register later). Students are welcome to work on homework assignments in groups. Cooperation is not only allowed but encouraged. However, each student must make an individual submission. Emergency Homework Extension Protocol:  If you have any personal emergencies and need a homework extension without penalty, please contact the Of fice of Dean of Students for assistance. 4

 Visit https://studentlife.gatech.edu/about/office-dean-students and navigate to the form to request assistance ( https://studentlife.gatech.edu/request-assistance ).  Describe your situation in the form and you can put my name (Li Ding) as a referral. If you are able to get approval from the Dean of Students , Professor/TA/LA can help accommodate your needs.  After contacting the Office of Dean of Students, they will send an email to the instructor, and it means your assignments can be reopened for you without penalty. Late Homework Policy:  Late HW submissions must be completed within 1 week of the original due date. The penalty for late submissions will be -2.5 points if submitted within 48 hours of the original due date and -5 points for any HW submitted between 48 hours and 1 week past the original due date. Students are allowed a maximum of 3 late HW submissions for partial credit for the semester. Tests Tests and Final Test:  Each of the Tests and Final Test is: o open-book/open-notes, with independent work required (you will neither give nor receive assistance); A formula sheet will be provided for every test/final test. Final Test Format & Information:  The Final Test is available on 06/16 7 am - 06/18 11:59 pm.  The Final Test will consist of 2 parts (2 hours total): o MyLabStat Regression questions o MyLabOM all other modules Test Makeup Policy:  There will be NO makeup tests. In the event of an emergency, and with proper documentation provided , a missed score for test 1, 2, or 3 will be voided and replaced with the Final Exam score at the end of the semester. The following is how test grades will be replaced if necessary:  Test 1 can be replaced by the Regression part on MyLabStat of the Final Test .  Tests 2 and 3 can be replaced by the MyLabOM part of the Final Test . Incomplete Grade : If important circumstances arise – and proper documentation is provided – causing you to miss more than one test, you will receive an incomplete grade for this course. Final Exam : If very important circumstances arise – and proper documentation is provided – causing you to miss the final exam, you will receive an incomplete grade for this course.  Re-grade requests: All re-grade requests for Test 1,2,3 must be submitted via e-mail no earlier than 48 hours and no later than 6 days after the test was taken. Your e-mail must 5

explain how you arrived at your answer and why you believe your answer is correct. Please use a subject of “Re-grade request for Test#_” for your e-mail. Your request will be considered in 6-10 days.  Incomplete Grade : If important circumstances arise – and proper documentation is provided – causing you to miss more than one mid-term test or miss the final test, you will receive an incomplete grade for this course. Essay Project Management Essay will be submitted on Canvas. It should be typed on 8½ x 11 paper, 2- 3 pages. The assignment is open book and notes and requires teamwork . Additional rules and details for Tests, Homework Assignments, and Project Management Essay will be announced by email prior to the due day. Guest lecture Students are required to watch the prerecorded guest lecture video and answer questions to earn 10 points. Study guidelines  A checklist will be posted weekly on Canvas Modules. Finish every task on time in the checklist, usually including a) Read the textbook b) Attend lectures and participate in in-class activities c) Watch videos posted on Canvas d) Review all slides posted on Canvas e) Review Excel solution of problems posted on Canvas and make your similar templates for solving homework problems and test problems f) Solve all homework problems and complete quizzes on time g) Participate in discussions using the discussion board Q&A Forum opened on Canvas  Before exams, a) Review practice test questions and problems b) Review test bank questions and problems c) Create your own formula sheet d) Review homework and quiz problems e) Review Excel solutions Academic Integrity : Georgia Tech aims to cultivate a community based on trust, academic integrity, and honor. Students are expected to act according to the highest ethical standards. For information on Georgia Tech's Academic Honor Code, please see The Georgia Institute of Technology 2020-2021 Catalog at http://www.catalog.gatech.edu . Refer specifically to section 18b entitled “Academic Honor Code” at http://www.catalog.gatech.edu/rules/18b.php for the 6

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