Quantitative Analysis for Management, 14th edition
Published by Pearson (June 16, 2023) © 2024
- Barry Render Graduate School of Business, Rollins College
- Ralph M. Stair Florida State University
- Michael E. Hanna University of Houston - Clear Lake
- Trevor S. Hale Texas A&M University
eTextbook
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MyLab
- Reach every student with personalized support
- Customize courses with ease
- Optimize learning with dynamic study tools
For management science and decision modeling courses.
A foundational understanding of management science through real-life problems and solutions
Quantitative Analysis for Management helps students develop a real-world understanding of business analytics, quantitative methods, and management science. It does this by using mathematical model building, tangible examples, and computer applications. Students are introduced to models and then apply those models using step-by-step, how-to instructions and software.
The 14th Edition features new examples, problems and cases to give students the most current and comprehensive understanding of quantitative analytics and management science.
Hallmark features of this title
- A flexible approach lets instructors omit sections or intricate mathematical procedures, without interrupting the flow of material.
- Excel is used to solve problems in the text. An Excel QM Add-in helps students perform calculations with Excel and improve their skills. POM-QM for Windows is a powerful software package specifically for QM that uses the full capabilities of Windows to solve problems.
- Procedure boxes summarize complex quantitative techniques, presenting them as digestible steps.
- QA in Action boxes show how real companies use quantitative analysis to solve issues.
- Solved Problems, Discussion Questions, and Self Tests test students' comprehension.
- A Companion Website (pearson.com/render) provides online-only modules, and additional problems and cases.
New and updated features of this title
- NEW: 12 new end-of-chapter Case Studies provide additional managerial applications.
- NEW and UPDATED: The use of Excel is more prevalent in this edition, including new and updated screenshots that show students how to use Excel to perform calculations.
- NEW: Business Analytics coverage has been enhanced, with a new online Module 9, and expanded discussion in Chapter 1 of business analytics categories.
- NEW and UPDATED: Examples help students see how the concepts presented apply in the real world. Students can download files for these text examples in Excel, Excel QM, and POM-QM, to familiarize themselves with the software and understand the input and formulas necessary for working through the examples.
- NEW: 26 new in-chapter Problems and 25 new end-of-chapter Problems challenge students to solve exam-type questions.
- NEW and UPDATED: Modeling in the Real World boxes demonstrate application of the quantitative analysis approach to every technique discussed in the text.
Features of Pearson+ eTextbook for the 14th Edition
- Online Modules 1 to 9 are included in the Pearson+ eTextbook, offering additional coverage of topics. They cover business analytics, decision theory, game theory, linear programming, and more.
Features of MyLab Operations Management for the 14th Edition
- NEW: Using proven, field-tested technology, auto-graded Excel Projects (20 in total) let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets.
- NEW: Case Study Assignments (1 per chapter) include written response and auto-graded discreet response questions.
- NEW: Book-specific classroom response questions (3 per chapter) promote discussion and classroom engagement.
- NEW: Gap Finder and Gap Filler Modules help students focus on key pre-requisite math skills to help them overcome knowledge or performance gaps.
- ENHANCED: OM Simulations have been refreshed with a modern user interface for better usability and improved stability. Mini Sims on Location Strategies and What Is Operations? are mapped to chapters for easy insertion into your curriculum.
- Dynamic Study Modules have been enhanced with additional question types. They offer students more opportunities to study, think critically and apply the content.
- Introduction to Quantitative Analysis
- Probability Concepts and Applications
- Decision Analysis
- Regression Models
- Forecasting
- Inventory Control Models
- Linear Programming Models: Graphical and Computer Methods
- Linear Programming Applications
- Transportation, Assignment, and Network Models
- Integer Programming, Goal Programming, and Nonlinear Programming
- Project Management
- Waiting Lines and Queuing Theory Models
- Simulation Modeling
- Markov Analysis
- Statistical Quality Control
APPENDICES
- Areas Under the Standard Normal Curve
- Binomial Probabilities
- Values of for Use in the Poisson Distribution
- F Distribution Values
- Using POM-QM for Windows
- Using Excel QM and Excel Add-Ins
- Solutions to Selected Problems
- Solutions to Self-Tests
ONLINE MODULES
- Analytic Hierarchy Process
- Dynamic Programming
- Decision Theory and the Normal Distribution
- Game Theory
- Mathematical Tools: Determinants and Matrices
- Calculus-Based Optimization
- Linear Programming: The Simplex Method
- Transportation, Assignment, and Network Algorithms
- Business Analytics
About our authors
Barry Render is Professor Emeritus, the Charles Harwood Distinguished Professor of Operations Management, Crummer Graduate School of Business, Rollins College, Winter Park, Florida. He received his BS in Mathematics and Physics at Roosevelt University and his MS in Operations Research and his PhD in Quantitative Analysis at the University of Cincinnati. He previously taught at George Washington University, the University of New Orleans, Boston University, and George Mason University, where he held the Mason Foundation Professorship in Decision Sciences and was Chair of the Decision Science Department. Dr. Render has also worked in the aerospace industry for General Electric, McDonnell Douglas, and NASA.
Dr. Render has coauthored 10 textbooks published by Pearson, including Managerial Decision Modeling with Spreadsheets, Operations Management, Principles of Operations Management, Service Management, Introduction to Management Science, and Cases and Readings in Management Science. More than 100 articles by Dr. Render on a variety of management topics have appeared in Decision Sciences, Production and Operations Management, Interfaces, Information and Management, Journal of Management Information Systems, Socio-Economic Planning Sciences, IIE Solutions, and Operations Management Review, among others.
Dr. Render has been honored as an AACSB Fellow and was named twice as a Senior Fulbright Scholar. He was Vice President of the Decision Science Institute Southeast Region and served as software review editor for Decision Line for 6 years and as Editor of the New York Times Operations Management special issues for 5 years. From 1984 to 1993, Dr. Render was President of Management Service Associates of Virginia, Inc., whose technology clients included the FBI, the US Navy, Fairfax County, Virginia, and C&P Telephone. He is currently Consulting Editor to Financial Times Press.
Dr. Render has taught operations management courses at Rollins College for MBA and Executive MBA programs. He has received that school's Welsh Award as leading professor and was selected by Roosevelt University as the 1996 recipient of the St. Claire Drake Award for Outstanding Scholarship. In 2005, Dr. Render received the Rollins College MBA Student Award for Best Overall Course, and in 2009 was named Professor of the Year by full-time MBA students.
Ralph Stair is Professor Emeritus at Florida State University. He earned a BS in Chemical Engineering from Purdue University and an MBA from Tulane University. Under the guidance of Ken Ramsing and Alan Eliason, he received a PhD in Operations Management from the University of Oregon. He has taught at the University of Oregon, the University of Washington, the University of New Orleans, and Florida State University.
He has taught twice in Florida State University's Study Abroad Program in London. Over the years, his teaching has been concentrated in the areas of information systems, operations research, and operations management.
Dr. Stair is a member of several academic organizations, including the Decision Sciences Institute and INFORMS, and he regularly participates in national meetings. He has published numerous articles and books, including Managerial Decision Modeling with Spreadsheets, Introduction to Management Science, Cases and Readings in Management Science, Production and Operations Management: A Self-Correction Approach, Fundamentals of Information Systems, Principles of Information Systems, Introduction to Information Systems, Computers in Today's World, Principles of Data Processing, Learning to Live with Computers, Programming in BASIC, Essentials of BASIC Programming, Essentials of FORTRAN Programming, and Essentials of COBOL Programming. Dr. Stair divides his time between Florida and Colorado. He enjoys skiing, biking, kayaking, and other outdoor activities.
Michael E. Hanna is Professor Emeritus of Decision Sciences at the University of Houston–Clear Lake (UHCL). He holds a BA in Economics, an MS in Mathematics, and a PhD in Operations Research from Texas Tech University. For more than 25 years, he has been teaching courses in statistics, management science, forecasting, and other quantitative methods. His dedication to teaching has been recognized with the Beta Alpha Psi teaching award in 1995 and the Outstanding Educator Award in 2006 from the Southwest Decision Sciences Institute (SWDSI).
Dr. Hanna has authored textbooks in management science and quantitative methods, has published numerous articles and professional papers, and has served on the Editorial Advisory Board of Computers and Operations Research. In 1996, the UHCL Chapter of Beta Gamma Sigma presented him with the Outstanding Scholar Award.
Dr. Hanna is very active in the Decision Sciences Institute (DSI), having served on the Innovative Education Committee, the Regional Advisory Committee, and the Nominating Committee. He has served on the board of directors of DSI for 2 terms and also as regionally elected vice president of DSI. For SWDSI, he has held several positions, including president, and he received the SWDSI Distinguished Service Award in 1997. For overall service to the profession and to the university, he received the UHCL President's Distinguished Service Award in 2001.
Trevor S. Hale is a Professor of Business Analytics in the Mays School of Business at Texas A&M University with an emphasis in teaching. He received a BS in Industrial Engineering from Penn State University, an MS in Engineering Management from Northeastern University, and a PhD in Operations Research from Texas A&M University. He was previously on the faculty of the University of Houston–Downtown, Ohio University–Athens, and Colorado State University–Pueblo.
Dr. Hale is a third-generation professor following his father at Penn State and his father's father at UTEP. Dr. Hale has spent 5 summers as an Office of Naval Research Senior Faculty Fellow. He spent the summers of 2009, 2011, 2013, 2017, and 2022 performing energy security/cyber security research for the US Navy at Naval Base Ventura County in Port Hueneme, California.
Dr. Hale has published dozens of articles in the areas of operations research and quantitative analysis in journals such as the International Journal of Production Research, the European Journal of Operational Research, Annals of Operations Research, the Journal of the Operational Research Society, and the International Journal of Physical Distribution and Logistics Management, among several others. He teaches business analytics courses at Texas A&M University. He is a senior member of both the Decision Sciences Institute and INFORMS.
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