Operations Research

Paper Code: 
ATG 416
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquaint the students with the use of operational research techniques in decision-making.

COURSE OUTCOMES (COs):

Course

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

ATG  416

Operations Research

CO143:Discriminate the characteristics of different types of decision-making environments and the appropriate decision-making approaches and tools to be used in each type.

CO144:Formulate the mathematical tools that are needed to solve optimization problems.

CO145:Students will designand solve transportation and assignment models.

CO146:Persuade the best strategy using decision making methods under uncertainty and game theory.

CO147:Design new simple models, like: CPM, PERT to improve decision –making and develop critical thinking and objective analysis of decision problems.

 

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Team teaching

 

Learning activities for the students:

Self learning assignments, Effective questions, Seminar presentation, Giving tasks.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

 

 

 

 

 

 

 

 

 

12.00
Unit I: 
Operations Research:

Basic Concepts and Definitions, merits and demerits, Techniques of operations research, role of operations research, application areas of operations research

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

10.00
Unit II: 
Transportation:

Meaning, definition, Solving the problem. unbalanced problems, prohibited route, Maximization objective.

Assignment: Solving the problem. Cases of unbalanced problems, multiple optimum solutions, maximization objective , Prohibited Route.

8.00
Unit III: 
PERT/CPM:

Network with one estimate of time. Networks with three estimates of time. Time-cost trade-off. Probability consideration under PERT

8.00
Unit IV: 
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.

7.00
Unit V: 
Decision Theory:

Maximin, Minimax, and Maximax expected pay off and regret, Expected value of Perfect Information, Decision Tree Analysis.

Simulation- Methodology and Application of Simulation technique.

Monte Karlo Simulation Model- Concept and steps.

Essential Readings: 
  1. Operations Research-Mathur, Khandelwal Gupta,Gupta (Ajmera Book Company)
  2. Operations Research-V.K Kapoor (Sultan Chand)
  3. Quantitative Techniques- C.R Kothari(Vikas Publishing House Pvt Ltd)
  4. Operation Research: Anand Sharma( Himalaya Publishing House)

 

References: 
  1. Operations Research-Prof N.P.Agarwal ( Ramesh Book Depot)
  2. Vohra N.D, Quantitative Techniques in Management, (Tata McGraw Hill New Delhi
  3. Taha, Hamady A, Operations Research- An Introduction, Prentice Hall of India
  4. Quantitative Methods- N.K Nag (Kalyani Publishers)
  5. Qunatitative Techniques for Managerial Decsionos – U.K Srivastava, G.R Shenoy, S.C Sharma(New Age International)

 

Note-   The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

 

Academic Year: 
2021-2022
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