Operations Research

Paper Code: 
MRM 227
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

• The objective of the course is to equip the student with basic quantitative tools required to perform the role as a manager.
• To do analytical evaluation and arrive at logical conclusions & inferences to the decisions.

12.00
Unit I: 
Operations Research

An Introduction , Characteristics, Nature, Scope and Role of Operations Research, Scientific approach in decision-making, Techniques of OR, Limitations of these Techniques.

12.00
Unit II: 
Linear Programming

Mathematical formulation of Linear Programming problems and their solution using Graphic approach and Simplex method, Primal and its dual.

12.00
Unit III: 
Transportation & Assignment

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

12.00
Unit IV: 
Decision Theory

Decision-Making under certainty, uncertainty and risk, Decision tree analysis

12.00
Unit V: 
Theory of Games

Two persons Zero Sum games, Pure and Mixed strategy

Essential Readings: 

Operations Research”, J. K. Sharma, McMillan India

References: 

• Quantitative Techniques in Management”, N. D. Vohra, Tata McGraw Hill Publications
• Quantitative Methods for Business, Anderson Williams, 10th Edition Thopson
• Quantitative Techniques Theory and Problems, Tulisian, Pearson Education.
• S. D. Sharma, Operations Research, Kedar Nath and Ram Nath & Co. Ltd.

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