Course Outline

Batch: 2014-16

Term: II

Course: Management Science Models

Credits: 3

Course Instructor: Prof. Sarbjit Singh/Prof. B. Tripathy

Overview/Course Aims/Objectives of the course: In today's competitive world

substantial market benefits and cost savings can be achieved by effective planning and
management of the resources. This course seeks to provide the key concepts and models in
the decision making, control and management of various resources. This course is to
understand analytical and modeling skills which enable student managers to address the
operational issues of the industry using the existing/constructing operations research
models.
Though the primary objective of this course is to introduce select models of Operations
Research with its applications, the specific objectives are as follows
To introduce concepts of modeling
To formulate real world problems as O.R. problems
To obtain the optimal solutions of the formulated O.R. problems
To make students familiar with O.R. softwares like QM for windows/excel solver
To develop the art of carrying out sensitivity analysis
Student Learning Outcomes:
At the end of the course, the students would be able to:
1.
2.
3.
4.
5.
6.

Formulate linear programming models

Obtain solution to various formulated linear programming problems
Evaluate project schedule and carry out cost-time tradeoff cost.
Apply the concepts of game theory in various management problems.
Construct queuing models and estimate associated parameters
Resolve the various management oriented problems through OR Models

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

Prerequisites, if any: Student must be aware of matrix operations and normal distribution
Basic Text Book: Quantitative Technique in Management- N D Vohra, Tata McGraw Hill
Education Private Limited, 4th dition, 2012

Reference Books:
An Introduction to Management Science-Quantitative Approaches to Decision Making
,David R. Anderson, Dennis J. Sweeney and Thomas A. Williams, Cengage Learning,
11th Edition.,2008
Operations Research: Applications and algorithms, Wayne L. Winston, Thomson, 4 th
Edition. 2007
Operations Research: Concepts and Cases, Frederick S. Hillier & Gerald J. Lieberman,
The McGraw Hill Companies, 8th Edition. 2008
Principle of Operations Research: with applications to managerial decisions, Harvey
M. Wagner, PHI Learning Private Limited, 2nd Edition. 2010
Operations Research, Principles and Practice, Ravindran, Phillips, Solberg, Wiley
Student Edition, 2nd Edition, 2007
Class rules/Expectations from students: Students must go through pre-class
preparations/reading materials, and come prepared for class. Our academic code does not
allow students, any form of plagiarism/academic misconduct in their academic work,
including presentations/assignments.

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

Proposed Session Plan:

Session
No
1

2-3

Topic

Resource
Material

Additional Reading/ Pre

class preparation
required
Chapter 1, Article http://universalteacher.co
m/1/brief-history-ofoperations-research/

Introduction to
the operations
research, its
history,
applications and
relevance to
present world
problems
Introduction to
Linear
Programming
Its Properties
and Formulation

Learnings

Chapter2, A Sample
Survey of OperationsResearch
Activities at the Corporate
Level
Efraim Turban
Operations Research, Vol
21(1973)

Introduction to
Linear
ProgrammingGraphical
Method

Auto
Assembly
Case

Chapter3

5-6

Introduction to
Linear
Programming
Simplex Method
& Sensitivity
Analysis

Case- Fabrics Chapter4

and Fall
Fashions
CaseMerton
Truck
Company

Relevance of
operations
research in
business
environment
Its applications
in various other
fields
Understanding
the basic of linear
programming
and its
assumptions
Formulating
various real
world problems
as a linear
programming
model
How to solve
linear
programming
model with two
variables using
graphical
method
How to solve
linear
programming
model with more
than two
variables using
Simplex method

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

8-9

TransportationIntroductionFinding Initial
Basic Feasible
Solution

TransportationFinding Optimal
Solution Modi
Method

CaseShipping
wood to
market

Understanding
of results and
doing sensitivity
analysis using
simplex method

Solving transportation
problem with the various
method of linear
programming problem
Asian Journal of Current
Engineering and Maths,
chapter 5

Transshipment Problem,
chapter5

Understanding
of transportation
problem
To find basic
feasible solution
using various
methods
To check the
optimality of
obtained basic
feasible solution
To explore its
application in
various real
world problems

10
11-12

Guest lecture 1
Introduction to
Assignment
Problem ,
Hungarian
Algorithm

Traveling Salesman
Problem, chapter 6

13-15

Introduction to
Project
Management ,
Critical Path
Method, PERT &

Case- Moore
Housing
Contractors
CaseReynolds

Chapter 12,

Understanding
of assignment
problem
How to solve
assignment
problem using
Hungarian
Method
To explore
various
applications of
assignment
problem
Importance of
network
techniques in
project
management

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

Crashing

Construction
Company

16
17-18

19-20

Guest lecture 2
Introduction to
Game Theory ,
Solving of two
person zero sum
Games using
different
methods
Introduction to
Queuing Theory

Nash Equilibrium &

Prisoners Dilemma,
chapter 15

Exponential and Poisson

Distribution, Chapter10

21

Introduction to
Replacement
Theory

Chapter11

22

Simulation

Chapter 17

How to solve
scheduling
problems using
CPM & PERT
How to reduce
project
completion
duration and
balance direct
and indirect cost
Understanding
the concepts of
game theory
How to solve
two player zero
sum games with
various methods
Understanding
the Importance
of queuing
theory in service
management
How to use
known queuing
models for
solving various
business
problems
Understanding
concepts of
replacement
theory
How to make
replacement
decisions using
replacement
theory
Understand the

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

process of
simulation
Formulation of a
simulation
model using
Monte Carlo
Technique

Group
Presentations
*Chapters indicated are reference to Basic Text Book

23-24

Above session plan is tentative, and variation from above is possible, as

demanded/needed for effectively administering the course, and as perceived by the
course instructor.
Pedagogy: The pedagogy will be a mix of lectures, experience sharing, real life case discussion,
industry/research based projects and guest lectures.
Evaluation Scheme (with Assessment Details, explaining each component, where
needed):

Sr. No.
1

Components*
*Group Assignment

Weightages

Learning Outcomes

20

Students will be judged

on their analytical
thinking and team
work
Students will tested on
their ability to
formulate models and
obtaining optimal
solution
Students will be tested
on their critical and
reflective thinking
Students will be tested
on their communication
skills and problem
solving ability

Quizzes

20

EndTerm
Examination

40

**Group presentations

20

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh

* Each group is expected to take up a real world problem related to Management Science
Models. You are expected to solve the problem based on tools and techniques discussed in
the class and submit your report.
**Each group will be assigned a topic related to Management Science Models; they are
expected to give presentation on the topic with secondary research and present at least
one practical application found in their research.
Any other Remarks:

All the students are requested to carry their own Book and Calculator in each and
every session.
Since much of the course material requires class discussion, it is important that you
are prepared for the class, present and defend your ideas. Preparation for class
includes having read the assigned material.
There will be 11 Groups of six members each, with an exception of one or two
groups depending upon the class size.
Students are suggested to meet the course instructor for any conceptual or course
related query/confusion after taking a prior appointment.

Course Outline of Management Science Models, IMT Nagpur, Batch 2014-16, Course
Coordinator - Prof. Sarbjt Singh