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Quantitative Techniques For Manager

ISBN- 978-93-5163-811-7
AURHORS- Dr. Saroj Kumar, Mr. Pravesh Kumar Singh
Tax excluded
ISBN- 978-93-5163-811-7
AURHORS- Dr. Saroj Kumar, Mr. Pravesh Kumar Singh
Syllabus
Quantitative Techniques for Manager
KMB 206
UNIT I (6Sessions)
Operations Research & Decision Making Environments
Operations Research: Uses, Scope and Applications of Operation Research in managerial decision-making. Decision-making environments: Decision-making under certainty, uncertainty and risk situations; Decision tree approach and its applications.
UNIT II (10Sessions)
Linear Programming Problem & Transportation Problem
Linear programming: Mathematical Formulations of LP Models for Product-Mix Problems; Graphical and Simplex Method of Solving LP Problems; Duality.
Transportation Problem: Various Methods of Finding Initial Basic Feasible Solution-North West Corner Method, Least Cost Method & VAM Method and Optimal Solution-Stepping Stone & MODI Method, Maximization Transportation Problem
UNIT III (8Sessions)
Assignment Model & Game Theory
Assignment model: Hungarian Algorithm and its applications, Maximization Assignment Problem.
Game Theory: Concept of game; Two-person zero-sum game; Pure and Mixed Strategy Games; Saddle Point; Odds Method; Dominance Method and Graphical Method for solving Mixed Strategy Game.
UNIT IV (6Sessions)
Sequencing & Queuing Theory
Sequencing Problem: Johnsons Algorithm for n Jobs and Two Machines, n Jobs and Three Machines, Two jobs and m - Machines Problems.
Queuing Theory: Characteristics of M/M/I Queue Model; Application of Poisson and Exponential Distribution in Estimating Arrival Rate and Service Rate; Applications of Queue Model for Better Service to the Customers.
UNIT V (6Sessions)
Replacement Problem & Project Management
Replacement Problem: Replacement of Assets that Deteriorate With Time, Replacement of Assets Which Fail Suddenly.
Project Management: Rules for Drawing the Network Diagram, Applications of CPM and PERT Techniques in Project Planning and Control; Crashing of Operations.