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Advanced Operations Research MBA

This document provides information about a course on Advanced Operations Research that is part of the MBA Production and Operations Management program at the Maharaja Sayajirao University of Baroda. The 3 credit, 45 hour course covers advanced topics in operations research including business modeling, goal programming, integer linear programming, decision trees, replacement models, and sequencing problems. The objectives are to familiarize students with advanced operations research topics and understand their application in decision making. The syllabus provides details on the topics that will be covered in each of the 6 units. References for further reading are also included.

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703 views2 pages

Advanced Operations Research MBA

This document provides information about a course on Advanced Operations Research that is part of the MBA Production and Operations Management program at the Maharaja Sayajirao University of Baroda. The 3 credit, 45 hour course covers advanced topics in operations research including business modeling, goal programming, integer linear programming, decision trees, replacement models, and sequencing problems. The objectives are to familiarize students with advanced operations research topics and understand their application in decision making. The syllabus provides details on the topics that will be covered in each of the 6 units. References for further reading are also included.

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F J
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The Maharaja Sayajirao University of Baroda

M.S. PATEL INSTITUTE OF MANAGEMENT STUDIES


ACADEMIC YEAR
Faculty of Management Studies 2016-2017
Opp. University Main Office, Fatehgunj, Vadodara-390002
Ph. : 0265-2791179/2793229

MBA : Production and Operations Management


YEAR 2 CORE CREDIT 3
Semester 3 <<Paper Code>> : Advanced Operations Research HOURS 45

OBJECTIVES: 1. To familiarise the students with advanced topics in operations research.


2. To understand their applications in decision making process.
3. To understand the process of decision problem formulation.

COURSE CONTENT / SYLLABUS


Introduction to Business Modeling
UNIT-I Meaning & Process of Modeling, Certainty & uncertainty in models, Importance 7 hrs.
of understanding data before modeling, Application of modeling to break-even
point.
Goal Programming
UNIT-II Goal Programming, Problems on machine scheduling, Formulating & solving 7 hrs.
product-mix problem, Formulating & solving labor-planning problem.

Integer Linear Programming


UNIT-III 7 hrs.
Concept, Job-sequencing model, branch & bound method, problems based on
branch & bound method.
Decision Trees
UNIT-IV Concept of decision making & decision trees, Applications of decision trees in 7 hrs.
Making manufacturing decisions like expansion of present plant, build new plant
or sub-contract.
Replacement Models
Introduction, failure of items, Application of replacement models to items that
UNIT-V deteriorates, Items with increasing running cost, Items that fail completely, 6 hrs.
Group replacement policy, recruitment and promotional problems, equipment
renewal problems.

Sequencing Problems
UNIT-VI 6 hrs.
Introduction, Problems involving n jobs – 2 machines, n jobs – 3 machines & n
jobs – m machines, Comparison of priority sequencing rules.
REFERENCES

1.
Albright, S. C., & Winston, W. L. (2009).
Management science: Modeling with spreadsheets. Delhi: Cengage Learning
2.
Anderson, D. R., Sweeney, D. J., & Williams, T. A. (2008). An introduction to management
science(11thed.). Delhi: Cengage Learning.
3. Hillier, F. S., & Liebermann, G. J. (2006). Introduction to operations research(8thed.). New Delhi:
Tata McGrawHill.

4.
Powel, S. G., & Baker, K. R. (2007). Management science: The art of modeling with
spreadsheets(2nded.). US: Wiley
5.
Render, B., Stair, R. M., Hanna, M. E., & Badri,T. N. (2009). Quantitative analysis for
management(10thed.). Delhi: Pearson Education.
6.
Sharma, J. K. (2009). Operations research: Theory and applications(4thed.). New Delhi:
Macmillan.
7.
Srinivasan, G. (2007). Operations research: Principles and applications. New Delhi: Prentice Hall
of India.
8.
Stevenson, W. J., & Ozgur, C. (2007). Introduction to management science with spreadsheets.
New Delhi: Tata McGraw Hill.
9.
Taha, H. A. (2007). Operations research: An introduction(8thed.). Delhi: Pearson Education.

10.
Winston, W. L. (2009). Operations research: Applications and algorithms(4thed.). Delhi:
Cengage Learning.

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