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OT & OR Syllabus

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83 views2 pages

OT & OR Syllabus

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dearsirbhartey
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Paper - III: Quantity Techniques & Operation Research (2T3)

UNIT - I
Introduction to statistics - Origin and growth of statistics, meaning of statistics, Definitions of statistics,
Characteristics of statistics, Main division of statistics, Nature of statistics: a Science or an Art, Scope of
statistics , relation of statistics to other sciences, Function of statistics, Importance of statistics, Limitations
of statistics, Distrust Misuse of statistics, Statistical thinking, statistical inferences.
Measures of central Tendency or Averages - Definition and meaning of average, Qualities of good average,
Types of averages, Arithmetic mean, median, Mode, geometric mean ,harmonic mean, Relation among
mean ,median and mode, Relation among arithmetic mean, geometric mean and harmonic mean,
Quartiles ,deciles, and percentiles. Measures of dispersion - Definition of dispersion , meaning of
dispersion , purpose of dispersion, quartiles of a good Measures of dispersion, Measures of dispersion,
range, quartile deviation or semi-inter quartile range, mean deviation or average deviation, standard
deviation or root-mean square deviation, co-efficient of variation, variance, combined standard deviation,
relation among quartile deviation, mean deviation and standard deviation, Lorenz curve—graphical
presentation of dispersion.

UNIT - II
Correlation Analysis - Meaning of correlation, definition of correlation, usefulness of correlation analysis,
types of correlation, co-efficient of correlation , measurement of correlation, probable error of co-efficient
of correlation, standard error of co-efficient of correlation, co-efficient of determination, correlation ratio.
Regression Analysis - Introduction, meaning of regression, definition of Regression, usefulness of
Regression analysis, types of Regression, Regression lines, Regression equation, Regression co-efficients,
standard error of estimate (SEE), ratio of variation, galton graph, limitations of Regression analysis,
distinguish between correlation and Regression.
Probability Analysis - Introduction, meaning of Probability, properties of Probability, importance of
Probability, Probability related events, theorems of Probability, fundamental rules of Probability,
calculation of Probability.

UNIT - III
Operation Research: An Introduction – Operation Research – Quantitative approach to decision making,
The history of Operation Research, Definition of Operation Research, Characteristics of Operation Research
approach, Applications of Operation Research, Computer software for Operation Research.
Linear Programming: Application & Model Formulation – Introduction, Structure of linear programming
model, Advantage of using linear programming, Limitations of linear programming, Application areas of
linear programming, General mathematical model of linear programming problem, Guidelines on linear
programming model formulation, Example of linear programming model formulation.
Linear Programming: The Graphical Method – Introduction, Important definitions, Graphical solution
methods of LP problem.
Linear Programming: The Simplex Method – Introduction, Standard form of an LP problem, Simplex
algorithm (Maximization & Minimization Case), Types of linear programming solutions.
Transportation Problem – Introduction, Mathematical model of transportation problem, Methods of
finding initial solution.
Assignment Problem – Introduction, Mathematical model of statement assignment problem, Solution
methods of assignment problem (Hungarian Method).

UNIT - IV
Decision Theory and Decision Trees – Introduction, Steps of decision making process, Types of decision
making environments, Decision making under uncertainty, Decision making under risk, Decision trees
analysis, Decision making with utilities.
Theory of Games - Introduction, Two Person zero sum games, Pure strategies (Minimax and minimum
principles): games with saddle point, Mixed strategies: game without saddle point, The rules of dominance,
Solution methods for games without saddle point.
Project management: PERT and CPM – Introduction, Basic difference between PERT and CPM, Phases of
project management, PERT/CPM network components and precedence relationships, Critical path analysis,
Project scheduling with uncertain activity times, Project time-cost trade-off, Updating of the project
progress.
Replacement and Maintenance Models – Introduction, Types of failure, Replacement of items whose
efficiency deteriorates with time, Replacement of items that fail completely, Other replacement problems.

Text Book:
1. E. Narayanan Nadar, Statistics, PHI.
2. J. K. Sharma, Operation Research – Theory & applications, Macmillan.

Reference Books:
1. P. N. Arora, S. Arora, Statistics, S. Chand.
2. Richard A. Johnson & Gouri K. Bhattavharyya, Statistics – Principles and Methods, Wiley.
3. S. C. Gupta, V. K. kapoor, Fundamentas of Mathematical Statistics, S. Chad & Sons.
4. Ken Black, Applied Business Statistics, Wiley.
5. Ravindran, Phillips & Solberg, Operation Research – Principles & Practice, Wiley.
6. R. Panneerselvam, Operations Research, PHI.
7. Prem Kumar Gupta, D. S. Hira, Operations Research, S. Chand.

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