Operation Research

Syllabus

BBA-602: OPERATION RESEARCH

UNIT– I

Nature, Definition & Characteristics of Operations Research, Methodology of OR, Models in OR; OR & Managerial Decision Making, OR Techniques.

UNIT– II

Linear Programming: Introduction, Advantages of Linear Programming, Applications Areas of Linear Programming. LPP-Problem Formulation, Graphic Method, Simplex Method (Including Big M Method)

UNIT– III

Transportation-North West Corner Rule, Method of Matrix Minima & VAM Methods, Degenerating, MODI Method. Assignment Problems

UNIT– IV

Decision Making under Uncertainty-Criteria of Maximax, Maximin, Minimax Regret, Decision Making under Risk-Criteria of EMV & EOL, Decision Tree Approach & its Applications.

Unit – V

PERT & CPM-Introduction, Network Analysis, Time Estimates in Network Analysis, Critical Path Method; Programme Evaluation & Review Technique.