Operations Research (OR) or Management Science (MS) provides methodology for management. OR/MS methodology is appropriate to some but very important problems, which managers encounter in various functional areas such as in finance, operations or production, human resource management, marketing, and in general application areas such as in investment planning, project management, and decision analysis.
After students have completed the course, they are expected to (a) understand basic concepts in modeling and model use as appropriate to management problems; (b) appreciate representative problems which managers encounter in managing the business of their firms; (c) appreciate the logical approach to the analysis of problems; and (d) apply, to a limited degree, the concepts and techniques they have learned to sample exercise-problems.
Week 01: Introduction (Chapter 1)
Definition, Decision process and relevance of OR, Model and model building and OR Techniques
Week 02: (Chapter 2)
Mathematical formulation of Linear Programming (LP)
Week 03: (Independent study, Chapter 3)
Graphical and Analytical solution of LP problems
Week 04: (Chapters4 and 5)
Simplex Method of solving LP problems
Week 05: (Chapter 6)
Sensitivity Analyses and Duality in LP
Week 06: (Chapter 7)
Week 07: (Chapter 7)
Week 08: (Chapters 10 and 11)
Week 09: (Chapters 15 and 16)