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)