Unit VIII: Business Statistics and Operations Management

Categories: Management
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Unit VIII: Business Statistics and Operations Management

Note: This module is currently a Work in Progress.

Topics Covered:

Business Statistics

  1. Concept, Measures of Central Tendency and Dispersion
  2. Probability Distribution – Binomial, Poisson, Normal, and Exponential
  3. Data Collection & Questionnaire Design
  4. Sampling: Concept, Process, and Techniques
  5. Hypothesis Testing: Procedure
  6. T, Z, F, Chi-square Tests
  7. Correlation and Regression Analysis

Operations Management

  1. Operations Management: Role and Scope
  2. Facility Location and Layout: Site Selection and Analysis, Layout Design and Process
  3. Enterprise Resource Planning: ERP Modules, ERP Implementation
  4. Scheduling: Loading, Sequencing, and Monitoring
  5. Quality Management and Statistical Quality Control, Quality Circles, Total Quality Management – KAIZEN, Benchmarking, Six Sigma
  6. ISO 9000 Series Standards
  7. Operation Research: Transportation, Queuing Decision Theory, PERT/CPM.
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Course Content

Data Visualization

  • Histogram
  • Frequency Polygon
  • Difference Between Histogram and Frequency Polygon
  • Relative Frequency Distribution
  • Cumulative Frequency Table
  • Box and Whiskers : IQR
  • Contingency Table

Statistics

Concept, Measures of Central Tendency and Dispersion,
Concept, Measures of Central Tendency and Dispersion,

Probability Distribution – Binomial, Poisson, Normal, and Exponential
Probability Distribution – Binomial, Poisson, Normal, and Exponential

Data Collection & Questionnaire Design
Data Collection & Questionnaire Design

Sampling: Concept, Process, and Techniques
Sampling: Concept, Process, and Techniques

Hypothesis Testing: Procedure
Hypothesis Testing: Procedure

T, Z, F, Chi-square tests
T, Z, F, Chi-square tests

Correlation and Regression Analysis
Correlation and Regression Analysis

Operations Management Basics

Operations Management: Role and Scope
Operations Management: Role and Scope

Facility Location and Layout: Site Selection and Analysis, Layout Design and Process
Facility Location and Layout: Site Selection and Analysis, Layout Design and Process

Facility Location and Layout
Site Selection and Analysis, Layout Design and Process

Enterprise Resource Planning: ERP Modules, ERP Implementation
Enterprise Resource Planning: ERP Modules, ERP Implementation

Scheduling: Loading, Sequencing, and Monitoring
Scheduling: Loading, Sequencing, and Monitoring

Quality Management and Statistical Quality Control, Quality Circles, Total Quality Management – KAIZEN, Benchmarking, Six Sigma
Quality Management and Statistical Quality Control, Quality Circles, Total Quality Management – KAIZEN, Benchmarking, Six Sigma

ISO 9000 Series Standards
ISO 9000 Series Standards

Operation Research: Transportation, Queuing Decision Theory, PERT/CPM.
Operation Research: Transportation, Queuing Decision Theory, PERT/CPM.

Transportation

Final Evaluation

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