Operational Research

The Operations Research is an essential tool of management for solving executive and operational decision problems throughout the functionality of enterprises and organizations (production , marketing , services , financial management , etc ). The course provides the fundamental knowledge and main areas of Operational Research and the description of methods and applications that cover all the range of functions of enterprises and organisations.

Objectives

After completing the course, students will be able to: • Describe real world decision problems and identify the steps to solve the problem (problem formulation, modeling, methodological approaches and algorithms, exploitation of the results , implementation of the decision). • Describe how can be used the results. • Identify previous cases which are relevant and can help to solve the problem. • Analyze decision problems and construct mathematical models describing them, taking into account all the parameters and restrictions governing the decision problem . • Select and apply the appropriate methodological approach for solving decision problems. • Use appropriate mathematical software and develop applications to solve problems. • Analyze the results and propose a solution or solutions (decisions). • Argue for the choice of the proposed decision.

Prerequisites

Background Lesson

Syllabus

The course consists of the following sections: -Linear Programming -Applications of Linear Programming -Integer programming -Dynamic Programming -Analytical Hierarchy Process -Stochastic Linear Programming