Operations Research

Paper Code: 
MIB 227
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
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

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

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

12.00

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

Decision Theory-Decision-Making under certainty, uncertainty and risk, Decision tree analysis , Queuing theory-introduction, elementary queuing system, single channel queuing model  ( with Poisson arrivals and exponential service times.)

12.00

Theory of Games-Two persons Zero Sum games. Markov’s analysis-Introduction, application, state transition matrix, n steps transition probabilities,  Markov Chain Algorithm.

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.
Academic Year: