Quantitative Techniques In Management By J.K. Sharma

Quantitative Techniques In Management By J.K. Sharma
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Quantitative Techniques In Management By J.K. Sharma

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Publisher: Laxmi Publications
ISBN: 9789351380689
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Preface to the Third Edition
It gives me great pleasure and satisfaction to present the third edition of the book Quantitative Techniques in Management to the teachers and students of this subject. This edition continues to provide readers an understanding of problem-solving methods based on a careful discussion of model formulation, solution procedure and analysis. I hope this easy-to-understand approach would enable readers to develop the required skills and apply quantitative techniques to all kinds of decision-making problems. The text revision in this edition is extensive and in accordance with the objective of enhancing and strengthening the conceptual as well as practical knowledge of readers about various quantitative techniques. A large number of new businessoriented solved as well as practice problems have been added, thus creating a bank of problems that give a better representation of the various quantitative techniques. This edition has a completely new look and feel. I hope this revision will facilitate the teaching of quantitative techniques as well as enhance the learning experience for students. Following are some of the key changes The text of almost each chapter has been reorganized and or rewritten to make explanations more cogent through relevant and interesting examples. This will provide a more meaningful, easier and effective learning experience. Each chapter contains Preview and Learning Objectives to guide the students and help them focus their attention on understanding a specific topic under study. Most chapters contain Management Cases to help students understand various business situations and suggest solutions to managerial issues that are raised while using specific techniques. Each chapter contains Concept Quizzes to help students reinforce their understanding of the principles and applications of quantitative techniques. Explanations are well illustrated with numerous interesting and varied business-oriented examples. Conceptual Questions, Self Practice Problems with Hints and Answers are given in each chapter to enable students to learn at their own pace. Complete conformity to the latest trends of questions appearing in universities and professional examinations. References to questions set in examinations of various Indian universities have been updated. The book is intended to serve as a core textbook for students of BBA, BCA, MBA PGDBM, BCom, MCom, CA, ICWA and those who need to understand the basic concepts of quantitative techniques in management and apply results directly to reallife business problems. It would also prove to be useful for those preparing for IAS, NET, ISI and other competitive examinations. Prof Dr J K Sharma
Preface to the First Edition
The primary objective in writing this book is to provide the readers the insight into structures and processes that Quantitative Techniques can offer and the enormous practical utility of its various techniques. The aim is to explain the concepts and simultaneously to develop in readers an understanding of problem-solving methods based upon a careful discussion of model formulation, solution procedures and analysis. To this end, numerous solved businessoriented examples have been presented throughout the text. Unsolved Self Practice Problems with Hints and Answers, and Review Questions have been added in each chapter to strengthen the conceptual as well as practical knowledge of the reader. The book is designed to be self-contained and comprises of 20 chapters. The book is intend to serve as a core text primarily for students of BBA, BCA, BCom, MCom, MBA PGDBM, CA, ICWA etc. who need to understand basic concepts of and apply results directly to real-life business problems. The book also suits the requirements for those preparing for IAS, NET, ISI and other competitive examinations. I hope that the presentation and sequence of chapters have made the text interesting and lucid. In writing this book I have benefitted immensely by referring to many books and publications. I express my gratitude to all such authors, publishers and institutions many of them have been listed in the references. If anybody has been left out inadvertently, I seek their pardon. I express my sincere gratitude to my teachers Prof. Kanti Swarup and Dr S D Sharma for their blessings and inspiration. I wish to acknowledge my sincere thanks to my students, friends and colleagues, particularly to Prof M P Gupta and Prof A S Narag for their valuable suggestions and encouragement during the preparation of this text. I would like to thank the publishers for the efficient and thoroughly professional way in which the whole project was managed. In the end let me thank my wife and children for the unflagging support and encouragement they gave me while I worked on this book. Any suggestions to improve the book in contents or in style are always welcome and will be appreciated and acknowledged. J K Sharma