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This course is to aid decision making and improving efficiency of the system by applying advanced analytical
methods. This course addresses a number of quantitative tools and techniques, and provides students with
knowledge and skills needed to apply these tools and techniques for decision making in organizations.
Course Objectives:
To Introduce the basics of Operations research, formulation and solution of Linear Programming Problems
using different methods
To Learn Formulation and solve problems of optimization problems in transportation and assignment of
jobs.
To explore different queuing models and sequencing techniques for optimal schedule of jobs on machines
To impart knowledge on replacement policies for estimation of economic life of equipment and the concept
of game theory to arrive at the optimal business strategy for a given situation.
To introduce basic inventory models to optimize inventory costs and Project scheduling techniques – CPM
& PERT for optimum time and costs
UNIT- I 10L
Basics of Operations Research: History, definition, operations research models, phases of implementing
operations research in practice.
Linear Programming: Introduction, formulation, graphical solution, simplex method, artificial variable
techniques – Big M and Two Phase methods, concept of duality, dual simplex method.
Learning Outcome:
After completion of Module-I, the students will be able to:
recognize the significance of Operations Research and mathematical modelling while analyzing the
practical problems in industry (L1)
formulate the various linear Programming Models (L6)
UNIT- III 8L
Queuing Models: Introduction, Kendall’s notation, classification of queuing models, single server and multi-
server models, Poisson arrival, exponential service, infinite population
Sequencing Models: Introduction, assumptions, processing n-jobs through two machines, n-jobs through three
machines, n-jobs through m-machines, graphic solution for processing 2 jobs through n machines with
different order of sequence
Learning Outcome:
After completion of Module-III, the students will be able to:
UNIT- IV 9L
Replacement Models: Introduction, replacement of items that deteriorate with time - value of money unchanging
and changing, simple probabilistic model for replacement of items that fail completely.
Game Theory: Introduction, game with pure strategies, game with mixed strategies, dominance principle,
graphical method for 2xn and mx2 games, linear programming approach for game theory.
Learning Outcome:
After completion of Module-IV, the students will be able to:
analyze the replacement and maintenance costs of items under various replacement policies (L4)
evaluate the optimal replacement policy of items (L4)
analyze the players’ strategies and thereby Evaluate optimal business strategies for the players (L4)
UNIT- V 9L
Inventory Models: Introduction, inventory costs, Economic Order Quantity (EOQ) and Economic Batch Quantity
(EBQ) models with and without shortages, inventory models with quantity discounts
Project Management: Introduction, phases of project management, network construction, numbering the events-
Fulkerson’s rule, Critical Path Method (CPM), Programme Evaluation and Review Technique (PERT)
Learning Outcome:
After completion of Module-V, the students will be able to:
recognize the significance of Inventory models & Project Management in real world industrial
scenarios (L1)
differentiate between the critical and non-critical activities of a given project (L4)
propose the optimal schedule of the activities involved in a project (L6)
evaluate the optimal order/batch quantity for minimum inventory cost (L4)
Course Outcomes:
After successful completion of this course, the students will be able to
develop the mathematical models and Propose the optimal resource allocation (L3&L6)
formulate and solve transportation & assignment models for optimum resources (L6&L3)
analyze the queue system and to propose the optimal sequence of jobs on machines (L4 & L6)
evaluate the optimal replacement policy of the equipment and to analyze the strategic interaction
between rational decision-makers (L6&L4)
design the inventory systems and to plan the project activities (L6)
Text Book(s):
1. Gupta P K. & Hira D.S., Operation Research, 6/e, S Chand Publishers, 2006.
2. Paneerselvam R., Operations Research, 2/e, Prentice Hall of India, 2010.