Operational Research in Management

Babasaheb Bhimrao Ambedkar University · LL.B. Semester 3 · BBM-304

Unit I

Introduction to Operation Research · i. Basic definition, scope, objectives and phases. · ii. Models and applications in business decision-making. · iii. Limitations of Operations Research. · iv. Liner Programming Problem. · v. Formulation of LPP. · vi. Methods of solving: Graphical and Simplex method. · vii. Problems with mixed constraints. · viii. Duality: concept and significance.

Unit II

Transportation and Assignment problems · i. General structure of transportation problem. · ii. Methods for finding initial solution. · iii. Testing optimality using MODI method. · iv. Maximization problem in transportation. · v. Unbalanced Transportation problem. · vi. Assignment problem. · vii. Solution using Hungarian Method. · viii. Solving unbalanced problems, and problems with maximization objective.

Unit III

Sequencing and Game Theory · i. Sequencing Problem-Introduction. · ii. Johnson’s method for n Jobs and Two machines, n Jobs and Three Machines. two jobs and m - Machines Problems. · iii. Game Theory-Introduction · iv. Two-person zero-sum games. · v. Games of Pure and mixed strategy. · vi. Rule of dominance. · vii. Graphical solution to games.

Unit IV

Project Management and Queuing theory · i. Project scheduling-Introduction. · ii. Rules and precautions for drawing the network diagram. · iii. Applications of CPM and PERT techniques in Project planning and control. · iv. Queuing theory-Introduction. · v. Model (M/M/1//F1F0) · vi. Applications of Queue model for better service to the customers.