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Or Course Outline

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yididyayismaw93
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St.

Mary’s University, Faculty of Business,


Department of Management

Course Title: Operations Research


Course Code: MgMt 311
Credit Hrs: 3
Prerequisites: Statistics for Management
Important policies
 Attendance requirements : To complete a course, a student should
attend at least 80% of the semester class
hours.
Course Description
Operations Research (OR) as one of the quantitative aid to decision making offers
the decision-maker a method of evaluating every possible alternative (act or course
of action) by using various techniques to know the potential outcomes. It includes
Models and modeling, linear programming, transportation models, assignment
models, decision models, project management techniques, and queuing models

Course Objectives
Operations Research (OR) or Management Science (MS) provides methodology for
management. ON/MS methodology is appropriate to some but very important
problems, which managers encounter in various functional areas such as in finance,
operations or production, human resource management, marketing, and in general
application areas such as in investment planning, project management, and
decision analysis. After students have completed the course, they are expected to
(a) understand basic concepts in modeling and model use as appropriate to
management problems; (b) appreciate representative problems which mangers
encounter in managing the business of their firms; (c) appreciate the logical
approach to the analysis of problems; and (d) apply to limited degree, the concepts
and techniques they have learned to sample exercise-problems.
Course Contents
Chapter 1 - Introduction to Operations Research
1.1. Overview of Operations Research
1.2. Nature and significance of operations research
1.3. Features of Operations Research
1.4. Model and modeling in Operations Research
Chapter 2 - Linear Programming
2.1. Introduction
2.2. Structure of Linear Programming Model
2.4. Graphical Solutions of LPP
2.5. Special Case in LPP
2.6. The Simplex Method
2.7. Some complication and their Resolution
2.7.1. Unrestricted variables
2.7.2. Tie for leaving and entering variables
2.8. Duality in LPP
2.9. Sensitivity Analysis
Chapter 3 - Transportation and Assignment Problems
3.1. Introduction
3.2. Methods for Finding Initial Solution
3.3. Test for Optimality
3.4. Variation in Transportation
3.4.1. Unbalanced supply and demand

3.4.2. Degeneracy
3.4.3. Alternate optimal solution
St. Mary’s University, Faculty of Business,
Department of Management

3.4.4. Prohibited transportation routes


3.5. Solution method for Assignment problem
3.6 Special case in Assignment Problems
Chapter 4 - Decision Theory
4.1. Introduction
4.2. Types of Decision Making Environment
4.3. Decision making under Uncertainty
4.4. Decision making Under Risk
4.5. Decision making Under Certainty
Chapter 5 - Network Models
5.1. General network concepts
5.2. Networking algorithms
5.3. Basic Difference Between PERT and CPM
5.4. PERT/CPM Network Components and precedence Relationship
5.5. Critical Path Analysis
5.5.1. Forward pass
5.5.2. Backward pass method
5.6. Project Scheduling with Uncertain Activity Times
Teaching Methods
 Teaching methodologies to be used for the course may include as
appropriate, but not limited to the following:
o Lecture - Cases analysis
o Gap lecture - Computation - Panel Discussion

Methods of Assessment
Assessment item Weighting
Group Assignment 15%
Class Participation 5%
Mid Term Exam 30%
Final Examination 50%
Total 100%
Text Book
Stevenson W, William J (1989). Introduction to Management Science. Boston: McGraw-
Hill Companies
References
Anderson, Sweeney and Willian(1986), An Introduction to Management Science,
Quantitative approach to decision making. Inc 5th Ed. Boston, McGraw-Hill
Companies
Hamdy A. Taha(2002) Operations Research: An Introduction. New Delhi, Pearson
Education, Inc.
Prem, Komar& D.S. Hira (1979) Operations Research. New Delhi: S. Chand & Company
LTD.
ShermaJ.K.. (2003),Operations Research: Theory and Application. New Delhi:
Macmillan LTD.
Shaum’s Outline (1997). Theory and Problems of Operations Research. New Delhi:
McGraw-Hill Companies. Inc.
Srivastava, Shenoy and Sharma (1989), Quantitative Techniques for Managerial
Decisions Inc 2nd Ed. New Delhi McGraw

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