OPERATIONS RESEARCH

II YEAR – III SEMESTER

COURSE CODE: 7MBA3C2

CORE COURSE –XI – OPERATIONS RESEARCH

Unit I

Introduction to Operations Research – Origin and development of orations research - Application of operations research in functional areas of management- Modelling in operations research – Classification of models – Opportunities and shortcomings of operations research.

Unit II

Linear programming – Basic assumptions – Mathematical formulation of the problem – Graphical solution method – Simplex method for solving maximisation problems.

Unit III

Transportation Problem – Initial Basic Feasible Solution – North West Corner Rule, Lest Cost Method and Vogal’s Approximation Method – Optimal solution using Modi Method –Degeneracy in transportation problem - Unbalance transportation problem - Assignment problem – Hungarian method – Special cases in assignment problem.

Unit IV

Dynamic Programming – Characteristics – Dynamic programming algorithm - Game theory – Two person zero sum games – Basic terms - Pure and Mixed Strategy – Dominance Rule – Graphical Solution method.

Unit V

Queuing Theory – Elements of a queueing system - Single Channel Unlimited Queue Model and Multiple Channel Unlimited Queue Model. Simulation – Process of Simulation – Monte Carlo Method