The objective of this course is to acquaint the students with the use of operational research &quantitative 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
Net Work Analysis(Pert/CPM): Introduction, Basic Concept, Drawing a net work diagram, Concept of Critical Path, Probability Consideration under Pert, Crashing a Net Work and determining project cost trade off, scheduling a network with various constraints like manpower equipment etc.
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
1. Operational Research-Mathur, Khandelwal Gupta,Gupta (Ajmera Book Company)
2. Operational Research-V.K Kapoor (Sultan Chand)
1. Operations Research and Q. T. for Management – Dr. R.K.Tailor ( Shivam Book House)
2. Operational Research-Prof N.P.Agarwal ( Ramesh Book Depot)
3. Qunatitative Techniques- C.R Kothari(Vikas Publishing House Pvt Ltd)
4. Vohra N.D, Quantitative Techniques in Management, (Tata McGraw Hill New Delhi )
5. Taha, Hamady A, Operational Research- An Introduction, Prentice Hall of India
6. Quantitative Methods- N.K Nag (Kalyani Publishers)
7. Qunatitative Techniques for Managerial Decsionos – U.K Srivastava, G.R Shenoy, S.C Sharma(New Age International)
8. Operation Research: Anand Sharma( Himalaya Publishing House)