OPERATIONS RESEARCH

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

Course Outcomes

 

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO150: Discriminate the characteristics of different types of decision-making environments and the appropriate decision-making approaches and tools to be used in each type.

CO151: Formulate the mathematical tools that are needed to solve optimization problems.

CO152: Design and solve transportation and assignment models.

CO153: Persuade the best strategy using decision making methods under uncertainty and game theory.

CO154: Design new simple models, like: CPM, PERT to improve decision –making and develop critical thinking and objective analysis of decision problems.

Interactive Lectures, Discussion, Tutorials, Team teaching

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

 

12.00
Unit I: 
UNIT 1

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: 
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: 
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: 
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: 
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: 

ESSENTIAL READINGS:

·       Agarwal, N. P. Operational Reserach . Ramesh Book Depot.

·       Mathur, Khandelwal, & Gupta. Operational Research. Ajmera Book Company.

·       Nag, N. K. Quantitative Methods . Kalyani Publishers.

References: 

SUGGESTED READINGS:

  • Kapoor, V. K. Operational Research . Sultan Chand.
  • Kothari, C. R. Quantitative Techniques. Vikas Publishing House Pvt. Ltd.
  • Vohra, N. D. Quantitative Techniques in Management. Tata Mc Graw Hill, New Delhi.
  • Taha, Hamady A, Operational Research- An Introduction, Prentice Hall of India

 

 

e- RESOURCES:

 

JOURNALS:

  • Journal of Operations and Strategic Planning
  • Indian Journal of Finance
  • IUP Journal of Applied Finance
  • The Indian Journal of Commerce

 

 

 

 

Academic Year: 
2022-2023
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