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Operations Research [1]

Paper Code: 
AAF 415
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

9.00
Unit I: 

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.

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
Queuing Theory: Elements of Queuing theory, 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: 

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: 
2018-2019 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/operations-research-0

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/operations-research-0
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2018-2019