To acquaint students with the process of managing financial risk.
Quantitative Techniques: An Introduction, Statistical and Operations Research techniques, Scope and application of Quantitative Techniques, Scientific approach in decision-making, Limitation of these techniques. Linear Programming: Graphical and Simplex Solutions of LPP. Primal and its Dual
Probability : Combination ,Permutation , Theorems of probability
Probability Distributions, Laws of probability, Baye’s theorem, Mathematical Expectation, Binomial, Poisson and Normal probability distribution
Game Theory – Meaning, Two Person zero sum game , Mix strategies. Queuing Theory – meaning , concepts and problems related with Queuing Theory.
Transportation: Solving the problem. Testing the optimality MODI method. Cases of unbalanced problems, Degeneracy, Maximization objective, Multipl esolutions and Prohibited Routes Assignment: Solving the problem. Cases of unbalanced problems, multiple optimum solutions, maximization objective and unacceptable assignments
Decision Theory: Maximin, Minimax, and Maximax expected pay off and regret, Expected value of Perfect Information, Decision Tree Analysis.
1. Taha, Hamady A. , Operational Research An Introduction, Prentice Hall of India, New Delhi 2. Mathur, Khandelwal, Gupta, Gupta, Operational Research, Ajmera Book Company, Jaipur 3. Nag, N. K., Quantitative Methods, Kalyani Publishers, Jaipur 4. Agarwal, N.P., and Agarwal, Sonia, Quantitative Techniques For Management, Ramesh Book Depot, Jaipur 5. Agarwal, N.P.,Operation Research, Ramesh Book Depot, Jaipur
Links:
[1] https://finance.iisuniv.ac.in/courses/subjects/operational-analysis
[2] https://finance.iisuniv.ac.in/academic-year/2018-2019