# operational research

**Topics:**Operations research, Optimization, Project management

**Pages:**5 (1298 words)

**Published:**October 19, 2014

COURSE OUTLINE

Course Name

Operations Research

Prepared On

March-2009

Course Code

QTM-360

Credit Hours

Three

Course Prereq. Name

Basic Statistcs, Statistical Inference, Maths-I & II

Course Prereq. Code

QTM-160, QTM-220, QTM110, QTM-120

Revised On

July - 2014

Course Type

Core Course

Program

BBA

Semester

Fall – 2014

Course Description

The main aims and objectives of this course is to provide growing and applications of mathematical models in real world applications. The most prominent and successful aspect of this course is scientific decision making based on formulating mathematical models for a system analyzing and optimization such models. It is also aims at to impart in-depth and rigorous knowledge to the business students to inculcate academic excellence in various fields of research, planning and development, with special reference to business management. Operations Research or Management Sciences course provides tools and methods to maximize the profit, minimize the cost and cut down the losses also need to approach optimal solution using quantitative techniques. Course Learning Outcomes

CLO #

Description

1

To understatnd the conversion of feasible solution(s) into optimal solution with the help of quantitative techniques of the business problem such as transpotational cost, assignment model, decision analysis etc. 2

To improve analytical skills by optimal techniques.

3

To learn better decision making skills by defined Operations Research tools and techniques. 4

To meet the real life business problems and resolve it by the possible techiquess scuh as Project Management, Decision criteria, & Linear Programming etc.

Teaching & Learning Methodology

1. Lectures demonstration 2. Handouts 3. Use of Multimedia 4. Group Discussion 5. Mini Case Study, 6. Presentations 7. Internet resource materials 8. Assignments (Small size project) Textbook(s)

1) “Introduction to Management Science” by Bernard W. Taylor III, 9th edition Reference Book(s)

1) Intorduction to Operations Research by Frederich, S, Hillier, Gerald J. Lieberman, 9th edition 2) Introduction to Management Science –Quantitative Approaches to Decision Making by Anderson/Sweeney/ Williams 11th edition. 3) Principles of Operations Research for Management by Budnick/McLeavey/Mojena (Richard D. Irwin Inc. 1994 ed.) 4) Operations Research by Paneerselvam, 2nd edition

5) Operations Research: An Introduction, 7th Edition or higher By Hamdy A. Taha Grading Policy

Assessment Instruments

Percentage

Quizzes

15%

Assignments

05%

Mid-Term Examamination

25%

Presentation

05%

Attendance

05%

Class Participation

05%

Final Examamintion

40%

Week-wise Course Outline

Session #

Contents

Activities

(case studies, role plays, movie clips, exercises, presentations, homework) 1

Chapter 1: Introduction of Management Science

1.1 Origin / History of Operations Research

1.2 What is Operations Research (OR): Many Definitions

1.3 Success of OR: Post World War II

1.4 Impact of OR

1.5 The Management Science Approach on Problem Solving

Read entire provided course outlines carefully to understand the all activities of the Fall semester – 2014 Go through the assigned related pages from the text book.

2

Chapter 2: Linear Programming Approach

2.1 Linear Programming (LP): An Introduction

2.2 Mathematical Model Formualtion of a Problem

2.3 Graphical solution of linear Programming Model

2.4 Profit Maximization and Cost Minimization approach

Read assigned related pages, and exercise from the text book Hand outs, reference slides

Practice Exercise-1

Assignment

3

Continue Leccture 2

- Do -

4

2.5 Special cases of Linear Programming (Irregular Types of Linear Programming)

Read assigned related pages, and exercise from the text book Hand outs, reference slides

Practice Exercise-2

5

2.6 Sensitivity Analysis of Linear Programming Solulation(s)

Read assigned related pages,...

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