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This is the first Indian book that shows applications of simple topics in Mathematics, ranging from linear functions, quadratic functions, concave and convex functions, sequences, combinatorial analysis to help Indian practicing manager in stating, defining, structuring, and resolving complex managerial problems. Extensive use of MS Excel is made to help the readers in carrying out complicated computations without any errors. The appendices at the end of chapters provide mathematical formulations for readers who wish to get into the details. Many real-life cases to sharpen the readers' skills in applying the ideas of Mathematics for analysis and resolution of unstructured problems are included. • Management Functions, Decisions and Need for Analytical Aids • Mathematical Representation of Consequences: Functions • Representation of Consequences: Some Special Functions • Some Methods of Enumerating Alternatives, Permutations, Combinations • Linear Programming: A Class of Optimisation Problems • Transportation Problem • Transshipment Problem • Programme Evaluation Review Technique and Critical Path Method • Integer Programming • Sequences: Ideas and Applications • Probability Theory: Ideas and Applications • Conditional Probability: Ideas and Applications • Random Variables, Summary Measures and Measures of Dispersion • Binomial, Poisson, and Normal Distributions • The Birth and Death Process • Decision Theory • Loss Functions with Special Structures • Test of Hypothesis, Point and Interval Estimation • Inventory • Game Theory • Pricing of Water – A Subset of Scarce Natural Resource • Duality Theory
Vasant Mote worked as a Planning Officer in Calico Mills Ahmedabad. He joined the Indian Institute of Management Ahmedabad (IIMA) in 1962 where he worked as a Professor until he retired in 1993. During his career in the Institute V. L. Mote took consulting assignments from many reputed Indian firms. His clients included among others Binny Ltd, The Gujarat Road Transport Corporation, Clarion Advertising Agency, Mumbai, and Arvind Mills. T. Madhavan joined the Institute as an Assistant Professor and retired as a Professor in May 2003. After retirement, he served as Cat Centre Coordinator from 2003 to 2006. He continued as visiting faculty in the Indian Institute of Management Ahmedabad till May 2011. Applications of Mathematics for the betterment of life in the rural India is his major research interest.
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