Introduction to operations research
BS BT BN BB DT BC BP BDT
Ms Harmindar Nath
3 points * Second semester * Two hours of lectures and one hour tutorial per week * Gippsland/Distance * Prerequisites: One Year 12 Mathematics or GAS1601
The aims of this subject are to help students develop an interest in and understand the nature of the operations research discipline. The following topics are covered: what operations research is; relationship with management science; role of computers; introduction to modelling; programming of resources - problem identification, objective function and constraints, graphical solution approach, sensitivity analysis; transformation of resources - transportation, and assignment; travelling salesman problems; decision making - breakeven analysis, decision under certainty, uncertainty and risk, decision trees, expected value of perfect information, decision with sample information; systems planning - inventory models, waiting-line problems, and Monte Carlo simulation.
Assessment
Assignments: 40% * Examination: 60%
Prescribed texts
Anderson D R and others An introduction to management science 7th edn, West, 1994
Recommended texts
Groebner D and Shannon P Introduction to management science Macmillan
Taha H A Operations research - an introduction 5th edn, Collier Macmillan, 1992