Operations Research

Paper Code: 
MIB 227
Credits: 
4
Contact Hours: 
60.00
Objective: 
  • The objective of the course is to equip the student with basic quantitative tools required to perform the role as a manager. 
  • To do analytical evaluation and arrive at logical conclusions & inferences to the decisions.
12.00
Unit I: 
Operations Research-

Operations Research- An Introduction , Characteristics, Nature, Scope and Role of Operations Research and Quantitative Techniques, Scientific approach in decision-making, Techniques of OR,  Limitations of these Techniques.

12.00
Unit II: 
Linear Programming

Linear Programming-Mathematical formulation of Linear Programming problems and their solution using Graphic approach and Simplex method, Primal and its dual.

12.00
Unit III: 
Transportation & Assignment

Transportation-Solving the problem. Testing the optimality MODI method. Cases of unbalanced problems, Degeneracy, Maximization objective, Multiple solutions and Prohibited Routes.

Assignment- Solving the problem. Cases of unbalanced problems, multiple optimum solutions, maximization objective and unacceptable assignments

12.00
Unit IV: 
Decision Theory

Decision Theory-Decision-Making under certainty, uncertainty and risk, Decision tree analysis 

12.00
Unit V: 
Theory of Games

Theory of Games-Two persons Zero Sum games, Pure and Mixed strategy

Essential Readings: 
  • Operations Research”, J. K. Sharma, McMillan India
  • Quantitative Techniques in Management”, N. D. Vohra, Tata McGraw Hill Publications
  • Quantitative Methods for Business, Anderson Williams, 10th Edition Thopson
  • Tulisian, Quantitative Techniques Theory and Problems, Pearson Education.
  • S. D. Sharma, Operations Research, Kedar Nath and Ram Nath & Co. Ltd.
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