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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