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MANDALI’S
WELINGKAR INSTITUTE OF MANAGEMENT DEVELOPMENT & RESEARCH
Brief description of the subject / Introduction: ( 2 – 3 lines , stating the need for
the subject and what the course is about )
Learning Objectives:
(Ideally each subject should have between 3 – 5 Learning Objectives. The Learning
Objectives should be framed using Revised Bloom’s Taxonomy )
3. To prepare students for advanced analytical methods to help make effective business
decisions.
4. To address and solve diverse business issues by applying various analytical / quantitative
techniques and methods. For example:logistics and supply chain management.
Learning Outcomes( LO ):
(This should mention what is it that the student is expected to learn by taking
this course. Ideally each subject should have between 3 – 5 Learning Outcomes.
The Learning Outcomes should be framed using Revised Bloom’s Taxonomy
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LO 1. Students will be able to apply various optimizing techniques for business problems.
LO 3. Students will be able to apply advance analytical methods to make effective business
decisions.
LO 4. Students will be able to solve diverse business issues by applying various analytical
and quantitative techniques and methods of operations research.
The APA format can be used to list out the recommended texts / books / readings / etc
Session Plan:
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Pedagogy
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Analysis.
Transportation Problem (TP): Lecture and examples
Concepts, Formulation of
Model – Solution Procedures
for IFS and Optimality Check -
Balanced / Unbalanced -
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Maximization / Minimization –
Case of Degeneracy –
Prohibited Routing Problems –
Post-Optimal Sensitivity
Analysis.
Assignment Problems : Lecture and examples
Concepts, Formulation,
Hungarian Model,
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Maximization / Minimization,
Balanced / Unbalanced
problems.
Assignment Problems : Lecture and examples
Concepts, Formulation,
Hungarian Model,
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Maximization / Minimization,
Balanced / Unbalanced
problems.
Queuing (Waiting- line) Lecture and examples
Models: Concepts- Types of
9 Queuing Models, Problem
Solving pertaining to queuing
models.
Queuing (Waiting- line) Lecture and examples
Models: Concepts- Types of
10 Queuing Models, Problem
Solving pertaining to queuing
models.
Game Theory: Concepts, 2* n- Lecture and examples
games, zero sum and Non-
zero-sum games, Solution
Procedures to 2* zero sum
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games – Saddle point, Mixed
Strategy, Sub-games Method
for m x 2 or 2 x n games –
Graphical Methods.
Game Theory: Concepts, 2* n- Lecture and examples
games, zero sum and Non-
zero-sum games, Solution
Procedures to 2* zero sum
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games – Saddle point, Mixed
Strategy, Sub-games Method
for m x 2 or 2 x n games –
Graphical Methods.
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Replacement & Maintenance Lecture and examples
Models: Replacement of Items
Subject to Deterioration and
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Items Subject Random Total
Failure – Group vs. Individual
Replacement Policies.
Replacement & Maintenance Lecture and examples
Models: Replacement of Items
Subject to Deterioration and
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Items Subject Random Total
Failure – Group vs. Individual
Replacement Policies.
Simulation : Monte Carlo Lecture and examples
15 Simulation, its Application and
Problem Solving.
Project Management: PERT; Lecture and examples
CPM; Phases of a Project;
16 Network Arrow Diagrams
Slack; Critical Path; Float;
Crashing the Network.
Inventory Models Types of Lecture and examples
Inventory Situations Fixed
Quantity Fixed Review Period
3 costs Involved- Deterministic
Probability Models- Economic
Order Quantity-(EOQ) and
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EBQ for Finite production
rate- Sensitivity Analysis
EOQ- EOQ under price break
Determination of safety stock
and Reorder levels – Static
inventory model
Decision making environment Lecture and examples
under certainty, uncertainty
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and risk, Decision trees and its
applications.
Excel demonstration
19 Introduction to excel solver.
Excel demonstration
20 Introduction to excel solver.
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Evaluation Schedule
Please list out the details of any project / assignment that the students will be working
on for the subject.(Map to the Learning Objectives ,and mention LO )
Method of evaluation:
Approved By
Signature
Date
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