The objective of this course is to acquaint the students with the use of operational research techniques in decision-making
Operational Research: Basic Concepts and Definitions
Linear Programming: Mathematical formulation of Linear
Programming problems and their solution using Graphic approach
and Simplex method, Duality Sensitivity analysis.
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
PERT/CPM: Network with one estimate of time. Networks with
three estimates of time. Time-cost trade-off. Probability
consideration under Pert
Game Theory: Games of Pure strategy, Games of Mixed
strategy, Law of Dominance, Sub Game
Queuing Theory: Elements of Queuing theory, Single Channel
Queuing Problem.
Decision Theory: Maximin, Minimax, and Maximax expected
pay off and regret, Expected value of Perfect Information,
decision Tree Analysis, Theory
Simulation- Methodology and Application of Simulation
technique.Solution of elementary inventory and queuing problems
by using Monte Karlo Simulation Model
• Operational Research-Mathur, KhandelwalGupta,Gupta (Ajmera Book Company)
• Operational Research-V.K Kapoor (Sultan Chand)
• Operational Research-Prof N.P.Agarwal ( Ramesh Book Depot)
• Qunatitative Techniques- C.R Kothari(Vikas Publishing House Pvt Ltd)
• Vohra N.D, Quantitative Techniques in Management, (Tata McGraw Hill New Delhi Taha, Hamady A, Operational Research- An Introduction, Prentice Hall of India
• Quantitative Methods- N.K Nag (Kalyani Publishers)
• Qunatitative Techniques for Managerial Decsionos – U.K Srivastava, G.R Shenoy, S.C Sharma(New Age International)
• Operation Research: Anand Sharma( Himalaya Publishing House)