We have great pleasure in presenting First edition “Operation Research” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Operation Research. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction to Operations Research and Linear Programming Problem
Introduction
Operations Research
Origin and Development
Role in Decision Making
Phases and Approaches to OR
Linear Programming Problem
Applications and Limitations
Formulation of LPP
Optimal Solution to LPP
Graphical Method
Simplex Method
Review Questions
Unit – 2 Transportation and Assignment Problem
Introduction
Transportation Problem
Methods of Transportation
North West Corner Method
Least Cost Method
Vogel’s Approximation Method
Moving Towards Optimality
Stepping Stone & MODI Methods
Assignment Problem
Review Questions
Unit – 3 Game Theory and Simulation
Introduction
Game Theory
Different Strategies Followed by the Players in a Game
Optimal Strategies of a Game using Maxi-min Criterion
Dominance Property
Graphical Method
Simulation
Review Questions
Unit – 4 Inventory Management
Introduction to Inventory Systems
Inventory Classification
Economic Order Quantity (EOQ) Model
Single Period Probabilistic Inventory Models with Discrete
Continuous Demand
Determination of Reorder Point for Deterministic
Probabilistic Inventory System
Basic Concepts of Just-in Time (JIT)
Material Requirement Planning (MRP)
Review Questions
Unit – 5 Network Analysis
Introduction
Network Models
CPM and PERT Determination of Critical Path Method (CPM)
PERT Cost
Crashing a Project Scheduling of a Project
Application of PERT and CPM
Review Questions