Quantitative Methods for Business, 5th edition
Published by Financial Times Press (March 17, 2011) © 2012
Donald Waters

Title overview

Quantitative Methods for Business has been thoroughly revised and updated for this 5th edition, and continues to provide a simple and practical introduction to an area that students can find difficult. The test takes a non-threatening approach to the subject, avoiding excessive mathematics and abstract theory. It shows how to apply quantitative ideas to the real problems faced by managers.

The text includes numerous exercises and examples that help students understand the relevance of quantitative ideas to business. Assuming no previous knowledge, the text provides complete coverage for a first course in quantitative methods.

Hallmark Features

  • Worked examples illustrate the principles discussed
  • 'Ideas in practice' sections show how methods are actually used
  • Covers a broad range of materials relevant to managers and students
  • Case studies at the end of every chapter consolidate learning objectives
  • Extensive pedagogical features, including self-assessment problems, chapter outlines and summaries, review questions and suggested research projects

New to this Edition

  • The text has been focussed to concentrate on the most important topics and 2 of the more specialised chapters have been transferred to the companion website.
  • More 'ideas in practice' boxes have been, with emphasise on familiar companies, smaller enterprises and international cases
  • Updated throughout
  • Enhanced companion website for students including chapter reviews, data sets, proofs, additional topics and website links
  • Enhanced instructor resources on the website including course outlines, chapter reviews, solutions, figures from the book, data sets, PowerPoints, MCQs proofs and additional topics
 

Table of contents

Part One – Background

  1. 1 Managers and numbers
  2. 2 Calculations and equations
  3. 3 Drawing graphs

Part Two – Collecting and summarising data

  1. 4 Collecting data
  2. 5 Diagrams for presenting data
  3. 6 Using numbers to describe date
  4. 7 Describing changes with index numbers

Part Three - Solving management problems

  1. 8 Finance and performance
  2. 9 Regression and curve fitting
  3. 10 Forecasting
  4. 11 Linear Programming

Part Four - Introducing statistics

  1. 12 Uncertainty and probabilities
  2. 13 Probability distributions
  3. 14 Using samples
  4. 15 Testing hypotheses

Part Five - Management problems involving uncertainty

  1. 16 Making decisions
  2. 17 Quality management
  3. 18 Inventory management
  4. 19 Project management
  5. 20 Queues and simulation

Author bios

Donald Waters is the author of many successful textbooks and is well known for his clarity of style.  He was a professor of finance and operations management and now works in management analysis, research and education.

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