Operation Research

  • Cardiff's Metropolitan University |
  • English

Description

To introduce students to the quantitative approach in Quantitative business problems. The purpose of the course is to acquaint the students with quantitative decision-making tools. These tools, collectively discussed under the title of Operations Research have been largely developed since the World War II.

Program

B.Sc. Accounting and Finance

Objectives

  • The course broadly covers deterministic decision models for planning, decision-making, resource allocation, and control. More specifically these models are discussed in the context of: Linear Programming, Transportation, Transshipment and Assignment, and project management. In particular, the course focuses on thinking structurally about decision problems and applying quantitative techniques in solving them. The course is designed to equip future manager with a conceptual understanding of quantitative decision.

Textbook

Data will be available soon!

Course Content

content serial Description
1Introduction to Operations Research
2Linear Programming: Model Formulation
3Applications of Linear Programming
4Applications of Linear Programming (continued)
5Graphical solution
6Special cases in Graphical solution
77th week exam
8Simplex Method (Maximization Case)
9Simplex Method - Big M method ( Minimization Case)
10Transportation Problem (Northwest Corner Method)
11Transportation Problem (Least Cost Method)
1212th week exam/ Assignment Problem (Hungarian Method)
13Assignment Problem (Hungarian Method) (continued)
14Project Management (Program Evaluation and Review Technique)
15Project Management (Critical Path Method)
16Final exam
1Introduction to Operations Research
2Linear Programming: Model Formulation
3Applications of Linear Programming
4Applications of Linear Programming (continued)
5Graphical solution
6Special cases in Graphical solution
77th week exam
8Simplex Method (Maximization Case)
9Simplex Method - Big M method ( Minimization Case)
10Transportation Problem (Northwest Corner Method)
11Transportation Problem (Least Cost Method)
1212th week exam/ Assignment Problem (Hungarian Method)
13Assignment Problem (Hungarian Method) (continued)
14Project Management (Program Evaluation and Review Technique)
15Project Management (Critical Path Method)
16Final exam

Markets and Career

  • Generation, transmission, distribution and utilization of electrical power for public and private sectors to secure both continuous and emergency demands.
  • Electrical power feeding for civil and military marine and aviation utilities.
  • Electrical works in construction engineering.

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