Applied Operations Research Training

 

Operations Research is a vital part of management.  Operations Research uses analytical techniques to solve problems and make decisions.  Problems are deconstructed to more simpler components.  These components are then solved through mathematical analysis.

Decision making is made more reliable and effective with the use of operations research.  The use of operations research enables organizations to develop more comprehensive datasets and predict outcomes more accurately and predict risk.  

Duration: 3 days

Mode: Classroom / Online
Deliverables: CourseWare Hard/ Soft Copies

Course Contents

Overview of Operations Research
Origin,,Nature, Scope & Characteristics of OR 
Models in OR 
Application of operations research in functional areas of management
Linear programming problem model
Formulation
Maximization & Minimization problem
Graphical method
Exercises/Case Studies
 
Simplex method
Artificial variables 
Transportation problem: North / West corner Solution 
Stepping stone method 
 
Vogel’s approximation method 
Modi method 
Degeneracy 
Imbalance matrix
Exercises/Case Studies
 
Assignment model
Hungarian method 
Traveling salesmen problem.
Deterministic Inventory models 
 
Purchasing & Manufacturing models 
Probabilistic inventory models 
Replacement model 
Sequencing 
Exercises/Case Studies
 
Brief Introduction to Queuing models. 
Networking
Programme Evaluation and Review Technique (PERT) and 
Critical Path Method (CPM) for Project Scheduling.
Game Theory and Strategies 
Mixed Strategies for games without saddle points 
Two person zero sum games 
Graphical and L.P Solutions. 
Exercises/Case Studies
 
Conclusion and Feedback