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Operations Research [1]

Paper Code: 
AAF 313
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.

12.00

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.

10.00

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

8.00

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

8.00

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

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.

Essential Readings: 

• Operational Research-Mathur, KhandelwalGupta, Gupta (Ajmera Book Company)

• Operational Research-V.K Kapoor (Sultan Chand)

References: 

• 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)

Academic Year: 
2017-2018 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/operations-research-3

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/operations-research-3
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2017-2018