Mathematics is used in most aspects of daily life. It is required in business to record and manage business operations. A good grasp of mathematics and its applications is necessary to use as a tool for better decision making. This book provides a methodical approach to learn mathematics and motivates to learn the concepts and apply them in real life situations. It also provides a detailed case study arising in different business situations to understand application of mathematics in business.
- Pedagogies like “Let’s Understand” is designed to make the concept clear with detailed explanation; “Let’s Workout” covers additional worked out problems of different types to gain confidence; “Let me Practice” motivates to translate knowledge acquired in solving problems on your own; and lastly, “Let me Excel” helps to solve MCQs.
- The application – “my math kit” helps you to input a number of problems and to learn the step-wise solution and also to find answers to questions.
- The chapter on Business Application introduces to a live situation that could be practiced as a case study in applying mathematics as a tool of decision making.
Chapter 1 The Number System
Chapter 2 Theory of Indices, Surds and Logarithms
Chapter 3 Theory of Equations
Chapter 4 Quadratic Equations
Chapter 5 Percentages
Chapter 6 Ratio and Proportion
Chapter 7 Permutation and Combination
Chapter 8 Progressions – Arithmetic & Geometric
Chapter 9 Set Theory
Chapter 10 Matrices and Determinants
Chapter 11 Profit and Loss, Discount, Commission, Mark up and Mark down
Chapter 12 Interest and Annuities
Chapter 13 Mathematics of Partnership
Chapter 14 Mathematics of Taxation
Chapter 15 Calculus-Functions
Chapter 16 Limits
Chapter 17 Calculus - Differentiation
Chapter 18 Business Applications
Annexures
Select Bibliography
Index
Rangaraj G.
Rangaraj G. is an Associate Professor–Adjunct at Ramaiah Institute of Management, Bangalore. He is a science graduate and holds a degree in law. He has done ICWA(I), Post Graduate Diploma in Business Administration (PGDBA) and MBA with Finance and Marketing specialization. He is a PhD in Decision Making in Indian Corporate Sector and has presented papers at national and international conferences. He has acquired knowledge in application skills through proficiency in PC skills and advanced MS Office courses. Dr Rangaraj has over 28 years of industrial and over 6 years of teaching experience. His areas of interest are Business Analytics, Operations Research, Finance and Business Research Methodology.
Mallieswari R.
Mallieswari R., MSc, MPhil, MBA from Bharathiar University, Coimbatore is a gold medallist in Applied Statistics at the Master level. She has over 14 years of teaching experience in the area of Applied Mathematics and Statistics at PG Level–Management area. Her research interests are in the field of Statistical Quality Control and Operations Research. Her current research focuses on Advance Acceptance Sampling (SQC) in Industrial Operations.
Rema V.
Rema V., an Assistant Professor at Ramaiah Institute of Management, Bangalore, teaches Business Statistics and Analytics, Operations Research, Business Mathematics and Research Methodology to Management students. She is a post graduate and a gold medallist in Mathematics from Christ University, Bangalore and also a first rank holder in BSc Mathematics, Statistics and Economics from Mount Carmel College, Bangalore. As a student, she has demonstrated academic excellence and her interests lie in the domain of Business Analytics. She is currently pursuing doctorate in the area of Stochastic Modelling and Queueing Theory.
