Admas University College

Management Department
Course Title: Operations Research (OR) / Management Science (MS) Course Code: MGT - 321 Credit Hours: 3hrs/week Instructors Name: Fikremariam A.
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Course Description:

Operations Research (OR) / Management Science (MS) has many applications in science,

engineering, economics, and other disciplines, and thus the ability to solve OR/MS problems is crucial for both researchers and practitioners. Operations Research (OR) / Management Science (MS) Provides methodology for many managerial decision problems and this Methodology is appropriate to some but very important problems. Being able to solve the real life problems and obtaining the right solution requires understanding and modeling the problem correctly and applying appropriate optimization tools and skills to solve the mathematical model. The goal of this course is to teach students to formulate, analyze, and solve mathematical models that represent real-world problems. In particular, the course will cover Linear Programming Problems, Transportation and Assignment Problems, Decision Analysis and Game Theory, Network Flow Problems, Project Management and Queuing models.

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Course Objectives: Upon completion of this course, students will be able to:
Formulate a real-world problem as a mathematical linear programming model Understand the theoretical workings of the simplex method for linear programming and perform its iterations by hand. Perform sensitivity analysis to determine the direction and magnitude of change of a model's optimal solution as the data changed. Solve specialized linear programming problems like the transportation and assignment problems. Solve network models like the shortest path, minimum spanning tree, and maximum flow problems. Model a dynamic system as a queuing model and compute important performance measures.

Course Contents:
Chapter One: Introduction to Operations Research/Management Science
1.1. 1.2. 1.3. 1.4. 1.5. Meanings and Terminologies History of OR/MS The OR/MS Approach to Problem Solving Modeling Techniques in OR/MS Business Application of OR/MS Techniques

Chapter Two: Linear Programming Model 2.1. 2.2. 2.3.

Characteristics and Properties of LP Model Formulation of LP Problems Methods of Solution for LP Problems 2.3.1. Graphical Method of Solution 2.3.2. Simplex Method of Solution

2.4. 2.5.

Irregular Types of LP Problems The Dual Solution and Sensitivity Analysis (OPTIONAL)

Chapter Three: Transportation and Assignment Problems

3.1. 3.2. The Transportation Model Formulation The Solution of Transportation Problems 3.2.1. The Initial Solution 3.2.2. The Optimal Solution 3.2.3. Special Cases: Multiple, Unbalanced, Degeneracy (OPTIONAL) 3.3. 3.4. The Assignment Model Formulation The Solution of Assignment Problem 3.4.1. The Complete Enumeration Method 3.4.2. The Hungarian Method

Chapter Four: Network Flow Models

4.1. 4.2. 4.3. 4.4. Network Components

The Shortest Route Problem

The Minimal Spanning Tree Problem The Maximal Flow Problem

Chapter Five: Project Management

5.1. 5.2. 5.3. 5.4. Elements of Project Management Critical Path Method (CPM) and Project Evaluation & Review Technique ( PERT) Project Crashing & Time Cost Trade-off Formulating CPM/PERT as LP Model

Chapter Six: Decision Analysis and Game Theory

6.1. Decision Analysis 6.1.1. Components of Decision Analysis 6.1.2. Non-Probabilistic Decision Making 6.1.3. Probabilistic Decision Making

6.2.

Game Theory

6.2.1. Types of Game Solutions

6.2.2. A Pure Strategy 6.2.3. A Mixed Strategy

Chapter Seven: Queuing Analysis (OPTIONAL)

7.1. 7.2. 7.3. 7.4. Text Books Bernard W. Taylor: Introduction to Management Science, Virginia Polytechnic Institute, 9th ed. 2006 William J. Stevenson: Introduction to Management Science: IRWIN, INC., Boston 1989. The Components of a Queuing ( Waiting Line) Analysis The Single-Server Waiting Line System Undefined and Constant Service Time The Multi-Server Waiting Line System

References: 1. Anderson. Sweeney and Williams; An Introduction to Management Science: Quantitative Approaches o Decision Making; 5th ; 1986. 2. Shenoy, Srivastava and Shamma, Operations research for Management, 2nd ed. 1991. 3. V.K Kapoor, Operations research problems and Solutions, 4th edition, 1999. 4. Hamdy A Taha Operations Research an introduction 7th edition.

Teaching and Learning Methodologies

Lecture and Presentations Solving Problems and Case Analyses,

Assessment Method: Formative/ Continuous Assessment

Individual & Group Assignments, ------------------------------------- 30% Mid- Term Tests and Quizzes ------------------------------------------- 30% Final Examination -------------------------------------------------------- 40% Total----------------------------------------------- 100%

Grading System: Criterion Referenced (Based on The Recommendation of Ministry of Education)

Range 80 65 79. 99 45 64. 99 30 44. 99 < 30 Letter Grade A B C D F

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