This course introduces students to the theory and applications of operations research optimization models for decision making. Modeling examples and illustration from the fields of logistics, manufacturing, transportation, marketing, project management, and finance, will be provided, together with computer implementations and demonstration of the use of optimization software.
BEM.502 – Introduction to Computers BEM.520 – Mathematics for Decision Making
Understanding basic operations research techniques Modeling and solving linear programming problems Insights into the economic interpretation of optimization problems Using spreadsheets for solving optimization problems
Introduction to operations research, Outline of mathematical programming, Modeling linear programming problems, Solution techniques, Duality and sensitivity analysis, Integer programming and network problems, Multi-objective optimization, Solving linear programs with Excel
Final written examination at the end of the course, which will cover all the material covered