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Operational Research [1]

Paper Code: 
FSG 423
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To provide knowledge of rural economy and problems related to it. It covers various aspects of rural development and co-operation

20.00
Unit I: 
Quantitative Techniques:

 An Introduction, Statistical and Operations Research techniques, Scope and application of Quantitative Techniques, Scientific approach in decision-making, Limitation of these techniques.

20.00
Unit II: 
Linear Programming:

 Mathematical formulation of problem.Graphical and Simplex Solutions of LPP. Primal and its Dual.

15.00

Game Theory –  Meaning, Two Person zero sum game , Mix strategies.

Queuing Theory – meaning , concepts and problems related with Queuing Theory.

15.00

Transportation: Solving the problem. Testing the optimality MODI method.Cases of unbalanced problems, Degeneracy, Maximization objective, Multiple solutions and Prohibited Routes

Assignment: Solving the problem. Cases of unbalanced problems, multiple optimum solutions, maximization objective and unacceptable assignments

20.00

Decision Theory: Maximin, Minimax, and Maximax expected pay off andregret, Expected value of Perfect Information, Decision Tree Analysis.

Essential Readings: 
  1. Kapoor, V. K., Operational Research, Sultan Chand & Sons, New Delhi
  2. Vohra, N. D., Quantitative Techniques In Management, Tata McGraw Hill,
References: 
  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
Academic Year: 
2016-2017 [2]

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Source URL: https://finance.iisuniv.ac.in/courses/subjects/operational-research

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[1] https://finance.iisuniv.ac.in/courses/subjects/operational-research
[2] https://finance.iisuniv.ac.in/academic-year/2016-2017