Operations Research: Introduction, Historical Background
Scope of Operations Research
Types of Operations Research Models
Limitations of Operations Research
Decision-making Environments:
Decision-making under Certainty, Uncertainty, and Risk Situations
Decision Tree Approach and its Applications
Unit 2: Linear Programming Problem & Transportation Problem
Mathematical Formulations of LP Models for Product-Mix Problems
Graphical and Simplex Method of Solving LP Problems
Duality
Transportation Problem:
Various Methods of Finding Initial Basic Feasible Solution:
North West Corner Method
Least Cost Method
Vogel’s Approximation Method (VAM)
Optimal Solution:
Stepping Stone Method
Modified Distribution Method (MODI) Method
Maximization Transportation Problem
Unit 3: Assignment Model & Game Theory
Assignment Model: Hungarian Algorithm and its Applications
Maximization Assignment Problem
Game Theory:
Concept of Game Theory
Two Person Zero-Sum Game
Pure and Mixed Strategy Games
Saddle Point
Odds Method
Dominance Method for Solving Mixed Strategy Game
Graphical Method for Solving Mixed Strategy Game
Unit 4: Sequencing & Queuing Theory
Johnson's Algorithm for n Jobs and Two Machines
n Jobs and Three Machines
Two Jobs and m – Machines Problems
Queuing Theory:
Characteristics of M/M/I Queue Model
Application of Poisson and Exponential Distribution in Estimating Arrival Rate and Service Rate
Applications of Queue Model for Better Service to the Customers
Unit 5: Replacement Problem & Project Management
Replacement of Assets that Deteriorate with Time
Replacement of Assets which Fail Suddenly
Project Management:
Rules for Drawing the Network Diagram
Applications of CPM and PERT Techniques in Project Planning and Control
Crashing of Operations
University Books Details
Stream
MBA
Subject
Quantitative Techniques for Managers
Have doubts regarding this product?
Safe and Secure Payments.Easy returns.100% Authentic products.