Syllabus

Unit-I:
Business Research Process: Introduction to Business and Operation Research, Nature and development of operation research, some mathematical preliminaries, general methodology of operation research, application of operation research to industrial problems.

Unit-II:
Formulation of linear programming deterministic models: graphical solution simplex algorithm, computational procedure in simplex, duality and its concept, dual linear programming, application of simplex technique to industrial problem.
Assignment Models: formulation of assignment problems, methods for solutions. Transportation problems: methods for obtaining optimal solution degeneracy in transportation problems transshipment problems.

Unit-III:
Project Management: Basic principles of network construction, Gantt charts CPM/PERT and solution of simple problems.
Sequencing and scheduling: Processing of 'n' jobs through two machines, processing of 'n' jobs through three machines, processing of 'n' jobs through ‘m’ machines.

Unit-IV:
Introduction and scope of game problems in business and Industry: Mini-max criterion and optimal strategy, solution of two-person zero sum game game problem as a special case of simplex.
Unit V:
Decision-making under certainty, uncertainty and risk situations Decision tree approach and its applications, Multi-criteria decision-making techniques: Analytic hierarchical process (AHP), Analytic network process (ANP), Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS).

To make students familiar with the quantitative decision-making process.

Students will learn how to optimize resource utilization within the organization.

R. Panneerselvam, Operations Research, PHI, 2nd Edition

Sharma J K, Operations Research, Pearson, 3rd Edition

Taha Hamdy, Operations Research - An Introduction, (Prentice-Hall, 9th edition

Sharma J K, Operations Research, Pearson, 3rd Edition