Management Science (MGSC)

This course illustrates applications of basic mathematical techniques in decision-making such as break-even analysis, data manipulation, aggregate planning and financial planning. Topics include linear functions and equations, linear programming and the simplex method, compound interest and annuities.

The purpose of this course is to provide a basic understanding of the dynamics of non-linear functions as they relate to the economic use of scarce resources. Students will be exposed to the basic methods of calculus and the concepts of probability as they relate to decision making in an uncertain environment.

This course is designed to introduce some common decision aids for coping with uncertainty. Topics include: data collection, summarization and presentation, reporting and interpreting the accuracy of results, evaluating the effectiveness of a decision and determining relationships among factors for the purpose of prediction. Examples will be drawn from a variety of fields and disciplines. Since the analysis of data will involve the use of a computer, it is strongly recommended that a course such as CISY 1225 be completed beforehand.

This course addresses operations issues that contribute to how firms compete with respect to cost, quality, time and flexibility. Topics include project management, product/service and process design, process flows, quality, and supply chain management (including forecasting, inventory management, JIT, and supplier relations). Examples will be drawn from both service and manufacturing sectors.

This course allows students to gain hands-on business experience by working with clients of the Saint Mary’s University Entrepreneurship Centre. Student groups receive a project proposal outlining the requirements, information needs and services they will provide the client during the semester. Projects generally take the form of a business plan, market study, or other business-related function and often involve financial projections. Each project provides students an opportunity to use skills learned in business courses and to understand the interrelationship between marketing, accounting, finance, and management in a practical business setting. Under supervision, students prepare a professional report and final presentation that communicate the project’s results for the client. Work groups often include students from different business disciplines and are assigned based upon the needs of the project. Groups schedule their preferred meeting times but are required to meet a minimum of three hours each week. For more information, see https://www.smuec.ca/. Internship. 1 semester.