Decision Modelling
Course Instructor: Dr Manoj Kumar Dash
UNIT–I
Introduction: Development of Decision Modelling approach , Tools and Techniques of Decision Modelling:
Linear Programming Problem Formulation –Graphical solution – Simplex method –Artificial variables
techniques -Big-M method
Decision Theory: Optisation approach and Decision Tree
UNIT–II
Assignment problem –Formulation –Optimal solution - Variants of Assignment Problem-Traveling Salesman
problem.
Transportation Problem: Formulation – Optimal solution, unbalanced transportation problem –Degeneracy.
UNIT–III
Theory of Games: Introduction – Minimax (maximin) – Criterion and optimal strategy – Solution of games with
saddle points – Rectangular games without saddle points – 2 X 2 games – dominance principle – m X 2 & 2 X n
games -graphical method.
UNIT–IV
Replacement Analysis: Introduction – Replacement of items that deteriorate with time – when money value is
not counted and counted – Replacement of items that fail completely, group replacement.
Network Model: CPM and PERT
UNIT–V
Sequencing: Introduction – Flow –Shop sequencing – n jobs through two machines – n jobs through three
machines – Job shop sequencing – two jobs through ‘m’ machines.
Simulation: Definition – Types of simulation models – phases of simulation– applications of simulation –
Inventory and Queuing problems – Advantages and Disadvantages – Simulation Languages
TEXT BOOKS :
[Link] - Operations Research , Kedarnath, Ramnath 2015
Hiller &Libermann - Introduction to O.R , Mc Graw Hill 2011
Taha - Introduction to O.R , PHI 2010
[Link],[Link],A. Tamilarasi -Operations Research , Pearson . Education.
[Link] - Operations Research ,PHI Publications 2006
[Link]- Operation Research , MacMilan 2010
Course Outcomes:
1. Student will be able to Identify and develop operational research models from the verbal description of the
real system.
2. Understand the mathematical tools that are needed to solve optimization problems.
3. Develop a report that describes the model and the solving technique, analyses the results and propose
recommendations in language understandable in Management Engineering.
4. Student able to understand Multi-criteria decision techniques, Decision making under uncertainty and risk,
Game theory, and Dynamic programming.
5. Use mathematical software to solve the proposed simulation models.
Evaluation
1. Mid Term: 40%
2. End Term: 60%