• The objective of the course is to equip the student with basic quantitative tools required to perform the role as a manager.
• To do analytical evaluation and arrive at logical conclusions & inferences to the decisions.
An Introduction , Characteristics, Nature, Scope and Role of Operations Research, Scientific approach in decision-making, Techniques of OR, Limitations of these Techniques.
Mathematical formulation of Linear Programming problems and their solution using Graphic approach and Simplex method, Primal and its dual.
Transportation-Solving the problem. Testing the optimality MODI method. Cases of unbalanced problems, Degeneracy, Maximization objective, Multiple solutions and Prohibited Routes.
Assignment- Solving the problem. Cases of unbalanced problems, multiple optimum solutions, maximization objective and unacceptable assignments
Decision-Making under certainty, uncertainty and risk, Decision tree analysis
Two persons Zero Sum games, Pure and Mixed strategy
Operations Research”, J. K. Sharma, McMillan India
• Quantitative Techniques in Management”, N. D. Vohra, Tata McGraw Hill Publications
• Quantitative Methods for Business, Anderson Williams, 10th Edition Thopson
• Quantitative Techniques Theory and Problems, Tulisian, Pearson Education.
• S. D. Sharma, Operations Research, Kedar Nath and Ram Nath & Co. Ltd.
Links:
[1] https://www.management.iisuniv.ac.in/courses/subjects/operations-research-3
[2] https://www.management.iisuniv.ac.in/academic-year/2017-2018