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Operations Research [1]

Paper Code: 
ABF 401
Credits: 
3
Contact Hours: 
45.00
Objective: 

The objective of this course is to acquaint the students with the use of operations research techniques in decision-making

9.00
Unit I: 

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.

9.00
Unit II: 

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.

9.00
Unit III: 

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

9.00
Unit IV: 

Game Theory: Games of Pure strategy, Games of Mixed strategy, Law of Dominance, Sub Game method.

Queuing Theory: Meaning, features, elements of queuing theory, queuing system, Single Channel Queuing Problem.

9.00
Unit V: 

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: 

1. Quantitative Methods- N.K Nag (Kalyani Publishers)
2. Operational Research-Mathur, Khandelwal Gupta,Gupta (Ajmera Book Company)
3. Operational Research-V.K Kapoor (Sultan Chand)

References: 
  1. Operations Research and QT, R K Tailor(Shivam Book House)
  2. Operational Research-Prof N.P.Agarwal ( Ramesh Book Depot)
  3. Quantitative 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

 

 

Note-   The candidate shall be permitted to use battery operated pocket calculator that should not have more than 12 digits, 6 functions and 2 memories and should be noiseless and cordless

 

 

Academic Year: 
2018-2019 [2]

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

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/operations-research
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2018-2019