STPM Management Mathematics 950 study guide
STPM Management Mathematics 950 · Work through your exam, one topic at a time.
STPM Management Mathematics (code 950) is a written, paper-based subject in Malaysia's Sijil Tinggi Persekolahan Malaysia examination, sat mainly by Form Six students and private candidates building a portfolio for university admission or applied-science and business pathways. It is a distinct subject from STPM Mathematics (T), so check that your chosen tertiary programme accepts Management Mathematics before registering. The STPM Management Mathematics 950 study guide has 10 sections and about 2,502 words.
01Linear Programming
Linear programming (LP) is the exam's core optimisation topic: you turn a word problem into an objective function and a set of linear constraints, then solve and interpret. STPM 950 tests formulation, graphical solutions for two variables, and the logic of the simplex method and shadow prices.
291 words, about 1 min02Network Planning and Critical Path Analysis
Network planning and critical path analysis (CPA) models a project as activities with precedence relationships. The exam tests activity-on-arrow (AOA) diagrams, dummy activities, earliest/latest times, float, and the critical path.
250 words, about 1 min03Decision Analysis
Decision analysis compares alternatives under uncertainty using a payoff table, decision criteria, and expected values. STPM 950 tests maximax, maximin, minimax regret, expected monetary value (EMV), decision trees, and the expected value of perfect information (EVPI).
226 words, about 1 min04Inventory Control and Economic Order Quantity
Inventory control balances ordering cost against holding cost. The economic order quantity (EOQ) is the order size that minimises total annual stock cost under deterministic demand.
254 words, about 1 min05Queueing Theory
Queueing theory models waiting lines. The exam focuses on the M/M/1 system: Poisson arrivals, exponential service times, one server, infinite capacity, and first-come-first-served.
252 words, about 1 min06Game Theory
Game theory analyses competitive situations with two or more players whose outcomes depend on each other. STPM 950 concentrates on two-person zero-sum games, saddle points, dominance, and 2×2 mixed strategies.
271 words, about 1 min07Forecasting and Time Series
Forecasting and time series helps management predict future values from past data. The exam tests moving averages, exponential smoothing, seasonal indices, and forecast accuracy.
234 words, about 1 min08Index Numbers
Index numbers measure relative change in a variable or a basket of goods over time. STPM 950 tests weighted aggregate indices, Laspeyres and Paasche, Fisher's ideal index, base shifting, and deflation.
235 words, about 1 min09Financial Mathematics
Financial mathematics applies compound interest and discounting to management decisions. The exam tests simple and compound interest, annuities, present value, net present value (NPV), and internal rate of return (IRR).
242 words, about 1 min10Mathematics of Management Applications and Modelling
Mathematics of management applications and modelling is the integrative domain: you translate a management problem into a mathematical model, solve it, and interpret the result. The exam tests model assumptions, break-even analysis, sensitivity, and the modelling cycle.
247 words, about 1 min