Operations Research

Paper Code: 
MTM 227
Credits: 
4
Contact Hours: 
4.00
Max. Marks: 
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: 
UNIT I

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: 
UNIT II

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: 
UNIT III

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: 
UNIT IV

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

12.00
Unit V: 
UNIT V

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.

 

Academic Year: 
2017-2018
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