UNIVERSITY OF CALICUT

MASTER OF BUSINESS ADMINISTRATION

BUS 2C 14 MANAGEMENT SCIENCE
60 Hours 4 credits

Module I
Management Science: Scope and importance; Linear Programming- Applications,
advantages and disadvantages – formulation of problem - assumptions - Graphic and
simplex methods - Duality and shadow pricing; sensitivity analysis- simple
problems.

Module II
Transportation and Assignment Problem - Transportation model and its
applications in business problems - without degeneracy. Assignment Model and its
applications to solution of business problems.

Module III
Decision theory: framework; payoff tables; regret tables; Decision under certainty,
uncertainty and risk; methods of incorporating risk; value of perfect information;
Decision tree and its uses.

Module IV
Network Analysis: Construction of network diagramme – CPM and PERT – Time
Analysis, Cost Analysis – Time cost trade off - crashing

Module V
Queuing Theory: Structure, assumptions, uses and characteristics. Single channel
with infinite population – multiple channel with infinite population – Simulation:
concepts and applications. Monte Carlo Simulation – limitations of simulation –
simulation through computer software

Books:
1. Hillier ,Frederick S and Hillier, Mark S: Introduction to Management Science,
Tata McGraw Hill, New Delhi 2004.
2. Mathur , K and Solow, D, Management Science, Eaglewood Cliffs, New Jersey
Prentice Hall Inc, 1994.
3. Theirouf, R.J. and Klekamp, R.C.: Decision Making Through Operations
Research, John Wiley, New York 1989.
4. Hillier, Frederick S and Lieberman, Gerald J: Introduction to Operations
Research, Tata McGraw Hill, New Delhi 2003.
5. Narang A.S., Linear Programming and Decision making, Sultan Chand, New
Delhi 1995.
6. Hamdy A. Taha, Operations Research, Pearson, 2012.