Operations Research (OR) is a systematic approach of solving problems involving operations of a system by using scientific tools and techniques. It is a well-developed field with a sophisticated array of techniques that are routinely used to solve various real world problems. OR helps to make decisions better. It is regularly used in several areas such as inventory and supply chain management, marketing management, healthcare, telecommunication, finance, transportation, energy and so on. Active areas may
also be at the intersection of these and many other disciplines. There are many
advantages of studying OR, such as improving decision making, better
control, higher productivity, better coordination, etc. In business, very few
things are certain, and managers must often make decision based on their
instincts instead of being able to use reliable data. OR techniques fill this
void with methods that quantify issues and give business managers a better
basis for making decisions. This course is a fifteen-week program introducing a
number of OR tools and techniques. The objective of the course is to provide
students with knowledge and skills needed to apply these tools and techniques
for decision making in organizations. The course focuses on mathematical
modelling and therefore, emphasis will be given to model formulation and
analysis.
Course Status : | Completed |
Course Type : | Core |
Language for course content : | English |
Duration : | 15 weeks |
Category : |
|
Credit Points : | 4 |
Level : | Postgraduate |
Start Date : | 13 Jan 2020 |
End Date : | 25 Apr 2020 |
Enrollment Ends : | 08 Mar 2020 |
Exam Date : | 10 May 2020 IST |
Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.
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