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Sub Committee For Curriculum Development QS &A Specialization

This document summarizes a proposed course on Operations Research for undergraduate students. The course is 4 credits and introduces key concepts and techniques in operations research including linear programming, transportation problems, assignment problems, game theory, decision theory, sequencing models, queuing theory, and simulation. The course objectives are to provide a historical perspective of operations research and teach students how to formulate mathematical models and use software to solve decision-making problems. The course will involve lectures, tutorials, labs, and case studies. Students should have prior knowledge of mathematics and statistics. The course outline lists 8 topics to be covered over 60 hours including modeling techniques and applications. Suggested evaluation methods and similar existing courses are also listed.

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Jabir Aghadi
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74 views4 pages

Sub Committee For Curriculum Development QS &A Specialization

This document summarizes a proposed course on Operations Research for undergraduate students. The course is 4 credits and introduces key concepts and techniques in operations research including linear programming, transportation problems, assignment problems, game theory, decision theory, sequencing models, queuing theory, and simulation. The course objectives are to provide a historical perspective of operations research and teach students how to formulate mathematical models and use software to solve decision-making problems. The course will involve lectures, tutorials, labs, and case studies. Students should have prior knowledge of mathematics and statistics. The course outline lists 8 topics to be covered over 60 hours including modeling techniques and applications. Suggested evaluation methods and similar existing courses are also listed.

Uploaded by

Jabir Aghadi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Sub Committee for Curriculum Development

QS &A Specialization
Course Name: Operations Research
Course Code: T2207

(UG/PG): UG
Number of Credits: 4
Course No. QS&A U6

Level: 3
Learning Objectives:

1. To provide a historical perspective of the growth of Operations Research


(OR) and its potential in businesses
2. To understand the characteristics of decision making problems that necessitate the use of
scientific approaches
3. To learn the use of optimization techniques in decision making
4. To enable students to formulate mathematical models for managerial decision situations and
to use computer software packages to obtain a solution wherever applicable

Pedagogy:
1. Lectures
2. Tutorials
3. Laboratory Exercises for understanding the use of software package
4. Case studies
Pre-learning:
Mathematics (Level 1) and Statistics (Level 1)

Course Outline:

S. No. Topic Hours


1. Introduction to Operations Research 2
Historical Development, Definitions of OR, Nature and scope of Study,
Phases of OR, Classification of OR model, Methodology of OR, Application
areas of Operations Research

Academic Year 2013-14 Page 1 of 2


2. Linear Programming 10
Introduction to Linear Programming and its applications in business
problems, Assumptions of Linear programming, Mathematical formulation
of LPP (Product Mix and Marketing Mix Problems etc.), Graphical and
simplex method of solving LPPs, Big-M method and Two-phase method,
Duality and Sensitivity analysis (emphasis on economic interpretation)
3. Transportation Problem and Assignment Problem 12
Introduction to transportation and assignment problems, Formulation of
transportation and assignment problems as Linear Programming Problems,
Finding initial basic feasible solution for transportation problem by using
North West Corner Method, Least Cost Method, and Vogel’s Approximation
Method, Finding optimal solution for transportation problem by MODI
Method, Finding optimal solution for assignment problem by Hungarian
method
4. Game Theory 10
Introduction to game theory, Basic definitions and terminology, Two-person
zero-sum game, Pure and Mixed Strategy Games, Saddle Point, Solving pure
strategy games using Maximin-Minimax principle, Dominance principle and
Graphical Method for solving Mixed Strategy Games
5. Decision Theory 10
Introduction to Decision Analysis, Decision making environments, Decision
making under uncertainty (Maximin Criterion, Minimax Regret Criterion,
Maximax Criterion), Decision making under risk situations (EMV Criterion,
EOL Criterion), Decision tree approach and its applications
Introduction to Markov Decision Process (brand switching problems)
6. Sequencing Models 5
Sequencing models, Solution of Sequencing Problem – Processing n Jobs
through 2 Machines – Processing n Jobs through 3 Machines – Processing 2
Jobs through m machines – Processing n Jobs through m Machines.
7. Queuing Theory 5
Applications of Queuing Theory, Elements of a Queuing Model, Operating
Characteristics, M/M/1 queueing models, Assumptions and Limitations of
Queuing Models
8. Introduction to Simulation 6
Applications of Monte Carlo Simulation and Discrete Event Simulation in
managerial problems (Simulation of inventory control problems, Simulation
of queueing problems, Simulation of investment and budgeting problems,)
60

Books Recommended:
1. Vohra, N.D., Quantitative Techniques in Management, TMH
2. KantiSwarup, Operations Research
3. Kapoor, V.K., Quantitative Techniques for Management, Sultan Chand & Sons
4. J.K.Sharma, Quantitative Techniques for Managerial Decisions, McMillan
5. Taha Hamdy, Operations Research - An Introduction, PHI

Academic Year 2013-14 Page 2 of 2


6. Hiller, Frederick, Lieberman Gerald J., Nag B., and Basu, P., Introduction to Operations
Research, TMH

Academic Year 2013-14 Page 3 of 2


Suggested Evaluation Methods:

1. Written Test
2. Practical Test using software packages
3. Quiz (MCQs)
4. Assignments
5. Case Studies

Parallel/Similar courses in the existing curriculum:

S.No. Name of the course Institute where it is offered


1 Business Decision Analysis SCMS NOIDA
2 Quantitative Techniques SCMS Pune
3 Quantitative Techniques SSE

Name of Member B.V. B. Tripathy S. Kriti Priya Vani Rajesh


Cadambi Bhattacharya Gupta
Designation Professor Assistant Associate Associate Assistant
Professor Professor Professor Professor
Org./Inst. SIBM SIOM SCMHRD SCMS SCMS Pune
NOIDA
Signature

Name of the Expert: Prof. Asmita Chitnis


Signature:
Date:

Academic Year 2013-14 Page 4 of 2

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