The objective of this course is to-
Course Outcomes (COs):
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Paper Code |
Paper Title |
|||
ATG 323 |
Operations Research for Decision Making |
CO58: Understand the characteristics of different types of decision-making environments and the appropriate decision making approaches and tools to be used in each type. CO59: Understand the mathematical tools that are needed to solve optimization problems. CO60: Be able to build and solve Transportation Models and Assignment Models. CO61: Propose the best strategy using game theory and replacement theory. CO62: Be able to design new simple models, like: CPM, PERT to improve decision –making. |
Approach in teaching: Interactive Lectures, Discussion, Reading assignments
Learning activities for the students: · Self learning assignments, Effective questions, Simulation, presentation, Giving tasks. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments |
Operations Research: Assumptions, advantages and disadvantages
Linear Programming: Meaning, assumptions, features, methods: Graphic method and Simplex method, concept of duality, multiple solutions. Dynamic Programming: Meaning, features, models
General Sequencing Problems and Goal programming problems
Transportation: Methods, Degeneracy, special cases: Balance problems, unbalanced problems, prohibited problems, preferred problems.
Assignment: Methods, multiple optimum solutions, special cases: Balance problems, unbalanced problems, prohibited problems, preferred problems.
Game Theory: Games of Pure strategy, Games of Mixed strategy, Law of Dominance, Sub Game method, graphical method
Replacement Theory: Meaning, features, advantages, disadvantages, application areas, methods of replacement of an assets
Deterministic Models of Stock: Meaning, features, advantages and disadvantages, role of inventory model, methods, practical approaches of inventory models.
Statistical Quality control: Meaning, Features, Roles, Various charts and their functionality
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.
• Operations Research & Q T for Management - R. K. Tailor ( Shivam Book House)
• Operational Research-Mathur, Khandelwal, Gupta, 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)
• Quantitative Techniques for Managerial Decisions – U.K Srivastava, G.R Shenoy, S.C Sharma(New Age International)
• Operation Research: Anand Sharma(Himalaya Publishing House)