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STAT 3223 – Operations Research

STAT 3223 – Operations Research

Categories: LMS, STAT
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About Course

Operations Research is an interdisciplinary subject that involves applying advanced analytical methods to solve complex decision-making problems. Students learn about linear programming, network optimization, and queuing theory. Operations Research is used in various fields, including business, engineering, and economics. Studying Operations Research provides students with critical thinking, problem-solving, and decision-making skills.

What Will You Learn?

  • Formulation and modeling of optimization problems using linear programming, integer programming, and network optimization.
  • Advanced techniques for solving complex optimization problems, including branch and bound, cutting plane algorithms, and heuristics.
  • Applications of Operations Research in various fields, including supply chain management, transportation, healthcare, and finance.
  • Skills for critical thinking, problem-solving, and decision-making, including the ability to analyze data, identify problems, and develop optimal solutions.

Course Content

1. Introduction to OR and Graphical Linear Programming Solution

2. The Simplex Method

3. Big M method and Two Phase method

4. Special Cases in the Simplex Method

5. Duality

6. Primal-Dual Relationships

7. Additional Simplex Algorithms

8. Sensitivity Analysis

9. Queuing Theory

Tutorials