I.
Course Description:
This course is an introductory treatment to the field of Decision Theory, Linear Programming, Project Management and Waiting Lines (Queueing Theory). It is suitable for both undergraduate and graduate students. The field of Operations Research is dynamic, and very much a part of many of the good things that are happening in business organizations. The subject matter represents a blend of concepts from general management, cost accounting , industrial engineering, quantitative methods, and statistics.
II.
Prerequisites, Helpful Knowledge and
Skills:
The student should
have a sound knowledge of mathematical concepts usually acquired in
courses
such as Finite Math. I & II (MAT 151, & MAT 152) and Statistics
(MAT
301).
III.
Learning Objectives/Outcomes:
After completing this course the student should
have the knowledge of the principles, concepts and applications of
Operations Research.
Many of these principles and concepts are
applicable to other aspects of the student’s professional and personal
life. Consequently, the student should expect the
benefits of studying Operations Researc to
serve
him/her in those areas as well.
IV.
Methodology:
The mode of delivery
for learning are class discussion, assignments, and three examinations. Class discussion of the subject matter
concepts and interactive dialogue among students and the instructor is
expected
to ensure clear understanding of production and operations management
concepts
and its applications to problem-solving.
V.
Resources:
Text:
Production /Operations Management, Eighth
Edition.
By; William J. Stevenson
IRWIN/McGraw-Hill
VI. Evaluation
& Grading:
The student’s
learning is evaluated continuously through class interactions,
assignments, and
three Exams. The course grade is based on
the student performance on the three exams. and class participation.
Exam I:
20%
Exam II: 20%
Exam
III:
20%
Exam
IV:
20%
Class Participation:
20%
VII.
Course Outline:
(2/11- 3/4):
1. Decision Theory Supplement To Chapter 5/Page 195.
Assignment: Page 209/#s. 1, 2, 3, 4, 5, 6, 7, 8, 16, 17, 19
Exam I (On Decision Theory), 20% of grade.
(3/4- 4/1):
2. Linear Programming Supplement To Chapter 6/Page 265.
Assignment: Page 290/#s. 1, 2, 3, 5, 9, 11
Exam II (On Linear Programming), 20% of grade.
(4/1, 4/29):
4. Project Management Chapter 17/Page 725.
Assignment: Page 767/#s. 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 15.
Exam III (On Project Management), 20% of grade.
(4/29, 5/25):
5. Waiting Lines and Simulation Chapter 18/Page 777.
Assignment: Page 808/#s 1, 3, 5, 6, 7, 9, 11, 13, 15, 18
Exam IV (On Waiting Lines and Simulation), 20% of grade.