MBA Semester –III Paper 1: Applied Operations Research SYLLABUS

MBA Semester –III Paper 1: Applied Operations Research SYLLABUS

Applied Operations Research

SECTION – A

Unit I: Game Theory - Terminology, Game Models, Two Person Zero Sum Games and their Solutions,

Graphical Method, Algebraic Method, Arithmetic Methods, Methods of Matrices.

Unit II: PERT/CPM I - Rules of Network Construction, Network Analysis (Forward Pass, Backward Pass,

Critical Paths and Floats).

Unit III: PERT/CPM II - Resource Analysis and Allocation (Crashing), Probability in PERT, PERT vs.

CPM.

Unit IV: Replacement I - Replacement Policies: Equipment Deteriorate Gradually, Time Value of Money

Considered.

Unit V: Replacement II - Equipment Fail Suddenly (Group Replacement), Staff Replacement.

SECTION – B

Unit VI: Sequencing - Introduction, Terminology & Assumptions, Processing ‘n’ jobs through 2, 3 and

‘m’ machines.

Unit VII: Simulation I - Introduction, Simulation Process, Monte Carlo Simulation, Generation of

Random Numbers, Queuing Model [M/M/1: (∞/FCFS)], Simulation of Queuing System.

Unit VIII: Simulation II - Simulation of Inventory System, Simulation of Investment Problems,

Advantages and Disadvantages of Simulation, Applications of Simulation.

Unit IX: Dynamic Programming - Concept, Dynamic Programming & Resource Allocation, Dynamic

Programming vs. Linear Programming.

Unit X: Application of Computer in ORT - Introduction, Packages, Practical Use of these Packages.

Suggested Readings:-

1.

Introduction to Operations Research- Hillier & Liberman – McGraw Hill

2.

Quantitative Techniques in Management by N. D. Vohra – Tata McGraw Hill

3.

Operations Research - Paneersevam – Prentice Hall of India

4.

Operations Research – J. K. Sharma - McMillan

5.

Operations Research – Hira and Gupta – S. Chand & Co.