Operations research

Aims

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.

Prerequisites

BEM.502 – Introduction to Computers
 BEM.520 – Mathematics for Decision Making

Learning Outcomes

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 

Syllabus

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

Content Delivery

Not available

Coursework And Assignment Details

Final written examination at the end of the course, which will cover all the material covered