Quantitative Techniques

Dr R S Dhalla

Reference Books
Operations Management, 9/e, Norman Gaither & Greg Frazier, 2002, Thomson Introduction to Management Science with Spreadsheets, William J Stevenson & Ceyhun Ozgur, 2007, Tata Mcgraw-Hill

Topics
Forecasting Classical Optimization Model Formulation Linear Programming and its variants Integer and Zero-One Programming Goal Programming Decision Theory Markov Chains Waiting Line Models Simulation

Forecasting
Moving Averages Exponential Smoothing Regression Multiple Regression Time Series Trend and Seasonal Variations Forecast Error & its importance

Classical Optimization
Maxima and Minima by First and Second Order Derivatives Inventory EOQ Other Applications/Examples Equation Formation

Model Formulation
Mathematical Models Model Building Model Testing Model Validation

Linear Programming
Linear Objective Function Linear Constraints Graphical Solution Simplex Method Solver in Excel Applications Sensitivity Analysis Duality Transportation, Transshipment, Assignment Models

Integer & Zero-One

Integer vs Linear Programming Zero-One as a Special Case Applications Solver in Excel

Goal Programming
Goal vs Linear Programming Multiple Goals under different Priority Graphical Methods Solver in Excel Applications Multiple Criteria Analytical Hierarchical Process (AHP) Scoring Models

Decision Theory
Decision Making (DM) under Certainty DM under Uncertainty DM under Risk Applications Payoff Tables

Markov Chains
What are Markov Chains? Decision Trees Matrix Multiplication Steady States

Waiting Lines
Concept of Queue Queuing or Waiting Line Models Applications

Simulation
Why Simulation? Monte Carlo Simulation Random Numbers Applications

Control Charts
Process Control Accurate vs Precise Mean (X) Chart Range (R) Chart P Chart (no of Defectives) C Chart (no of Complaints) Use of SQC

Evaluation
Examination 100 Marks

Passing

60% or 60 Marks