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Resource Management Techniques

By Rekha Categories: BBA, Dr. SNSRCAS
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About Course

Operations Research (OR) is an analytical method using mathematics, statistics, and algorithms to find optimal, data-driven solutions to complex decision-making problems. Originating during WWII, it focuses on maximizing efficiency, profit, or yield while minimizing costs, risks, and time in systems involving people, machines, and resources.

What Will You Learn?

  • Methodology: Involves defining the problem, constructing a mathematical model, deriving solutions, testing, and implementing them.
  • Core Techniques: Linear programming (simplex method), integer/nonlinear programming, simulation, queueing theory, game theory, and network analysis (critical path method).

Course Content

Linear Programming Problem
Linear Programming - Formulation - Graphical method and Simplex Method - Formation of Primal and Dual.

Transportation Problems and Assignment Problems
Transportation Problems: NWC - LCM - VAM - Starting Solution - MODI method - Optimal solution ᧓ balanced and unbalanced Transportation problems (non degeneracy case only) - Assignment problems: Solving balanced and unbalanced assignment problems using Hungarian method.

Queuing Theory
Queuing Theory - definitions of Waiting Line Model - Queue Discipline - traffic intensity -Poisson Arrival - Birth Death Process - Problems from Single Server - Finite and infinite Population Model.

CPM and PERT
CPM - Principles - Construction of Network for projects - Types of Floats PERT - Time scale analysis - critical path - probability of completion of project.

Simulation
Simulation: Examples, advantages- limitations - Monte - Carlo simulation - Generation of random numbers - steps in simulation - uses of simulation - Simulation applied to queuing problems - simulation applied to some other types of problems

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