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Operations Research

Code: D303

Semester: III

Objectives:

The objectives of this course are:

To familiarize the students with the quantitative techniques for data analysis

To acquaint the students with the application of quantitative techniques in business and

decision-making

Course Contents:

Unit- I    Overview of Operations Research:

Introduction,  History,  Meaning,  Significance,  Scope  and  Limitations  of  Operations  Research, Applications of Operations Research in Business and Management.

Unit - II  Linear Programming Problem

Definition  and  Components  of  LPP,  Formulation  of  LPP,  Solution  of  LPP,  Max.  /  Min.  problems, Graphical Method of Solving LPP, Applications and Limitations of LPP.

Unit - III    Transportation Problem -Introduction and Formulation of  Transportation problem. Initial Basic Feasible Solution (North West Corner Rule, Row Minimum Method, Column Minimum Method, Matrix Minimum Method, Vogel’s Approximation  Method  -  VAM)  ,  Optimality  Check,  Finding  Optimal  Solution,  applications  and

limitations of Transportation Problem.

Unit- IV  Assignment Problem:

Meaning,  definition  and  applications  of  Assignment  Problem,  Hungarian  Method,  Problem  for Maximization and minimization.

Unit V:  Simulation:           

Introduction to Simulation, Monte Carlo technique, business applications and limitations.

Unit VI:  Network Analysis:

Introduction  to  Networks,  key  terms  in  network  analysis,  Network  models  −  PERT/CPM  network components and precedence relationships. Critical Path Method (CPM), Programme Evaluation and Review Technique (PERT). Determination of PERT times, Determining critical path − determining the floats and slacks.