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The module on Operations Research introduces students to mathematical models and techniques used to derive values of variables for a complex organizational system that optimizes the performance of that system. More specifically, it creates the students’ awareness of linear linear programming, transportation and assignment, network, and queuing models. The applications include industrial processes, management systems, road and transport networks, and telecommunication systems. The course content is based on real-world examples and cases to encourage students to develop their attitude and ability to discover and innovate.
By the end of the module, students should be able to:
- Interpret results of linear programming (application of linear programming, formulation of linear programming models, simplex method, dual linear programming problem, sensitivity analysis, linear programming with matrix algebra);
- Interpret results of transportation and assignment problems;
- Apply network optimization models (terminology of networks, shortest-path problem, minimum spanning tree problem, maximum flow problem, minimum cost flow problem, and network simplex method);
- Apply dynamic programming techniques (characteristics of dynamic programming problems, deterministic dynamic programming);
- Explain queueing theory;
- Work with Project Management with PERT/CPM
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