Level 6 • Business Management

Course Description

To familiarize the students with the basic concepts and principles of operations research and to improve the analytical thinking and modeling abilities of the students on quantitative management problems. The course includes topics such as systems, models and modeling approaches, decision analysis, certainty, risk and uncertainty conditions, linear programming, sensitivity analysis and transportation and assignment problems.

Course Objectives

To familiarize students with the basic concepts and principles of operations research and to improve analytical thinking and modeling abilities of students on quantitative management problems. The course includes topics such as modeling approaches, decision analysis, linear programming, sensitivity analysis and transportation, assignment problems, and project management issues.

Course Outline

Learning Outcomes

1. Understanding Model Formulation
2. Understanding Linear Programming
3. Understanding and Practicing Solution of LP by Graphical and Simplex Methods
4. Understanding and Practicing Transport Models
5. Understanding Forecasting
6. Understanding and Practicing Project Management