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SCHOOL OF BUSINESS
MANAGEMENT SCIENCE DEPARTMENT
Course Description
Nature and scope of operations research. Linear programming models; Concept,
modeling, Solution methods and application. Advanced Linear Programming Models.
Distribution Models; Transportation and Assignment Problems. Networks; PERT and
CPM methods, Time - Cost-analysis, resource allocation techniques. Inventory control,
Simulation models. Queuing models; operating characteristics and applications,
replacement models
Course Objectives
The course aims to introduce students to use quantitative methods and techniques for
effective decisions making; model formulation and applications that are used in solving
business management problems. By the end of the course the student should be able to;
Critically analyze and interpret results and present this in both oral and written
form.
Course Content
3. NETWORK ANALYSIS
Introduction
Critical Path Method (CPM), PERT analysis
Time and cost analysis
Project Crashing and
Resource Leveling
4. Inventory control
Periodic models, quantity models, EOQ
Discounts, Stock outs, Buffer stock
5. SIMULATION MODEL
Introduction to simulation
Monte Carlo simulation method
Application of simulation to business management
6. QUEUING MODEL
Introduction
Queuing characteristics
Single Server and Multi Server Models
7. REPLACEMENT MODELS
Teaching Methodology
Lectures, discussions, case studies, power point presentations and group
presentations.
Assessment:
Assignments and Group work presentation 15 Marks
CATs 15 Marks
Final Examination 70 Marks
Total 100
REFERENCES MATERIALS
Hillier, N.L., ( 2017). Introduction to Operations.Mc Graw Hill India; 10th edition
Further Reading
Journals
American Journal of Operations Research
International Journal of Operations Research
Pacific Journal of Operational Research