The field of operations research provides a scientific approach to managerial decision making. In a contemporary, hypercompetitive ever-changing business world, a manager needs quantitative and factual ways of solving problems related to optimal allocation of resources, profit/loss, maximization/minimization etc. In this endeavor, the subject of doing research on how to manage and make operations efficient is termed as Operations Research.
The reference text provides conceptual and analytical knowledge for various operations research techniques. Readers, especially students of this subject, are skeptic in dealing with the subject because of its emphasis on mathematics. However, this book has tried to remove such doubts by focusing on the application part of OR techniques with minimal usage of mathematics. The attempt was to make students comfortable with some complicated topics of the subject. It covers important concepts including sensitivity analysis, duality theory, transportation solution method, Hungarian algorithm, program evaluation and review technique and periodic review system.
Aimed at senior undergraduate and graduate students in the fields of mechanical engineering, civil engineering, industrial engineering and production engineering, this book:
• Discusses extensive use of Microsoft Excel spreadsheets and formulas in solving operations research problems
• Provides case studies and unsolved exercises at the end of each chapter
• Covers industrial applications of various operations research techniques in a comprehensive manner
• Discusses creating spreadsheets and using different Excel formulas in an easy-to-understand manner
• Covers problem-solving procedures for techniques including linear programming, transportation model and game theory
Table of Contents
1. OPERATIONS RESEARCH: AN INTRODUCTION. 2. LINEAR PROGRAMMING. 3. LINEAR PROGRAMMING: SIMPLEX METHOD. 4. SENSITIVITY ANALYSIS AND DUALITY THEORY. 5. NETWORK MODEL I: TRANSPORTATION MODEL. 6. NETWORK MODEL II: ASSIGNMENT MODEL. 7. NETWORK MODEL III: TRAVELLING SALESMAN, VEHICLE ROUTING AND SHORTEST PATH PROBLEM. 8. PROJECT SCHEDULING: PERT AND CPM. 9. GAME THEORY.
Vikas Singla is currently holding the position of Assistant Professor in the School of Management Studies at Punjabi University, Patiala, India. By qualification he has done Industrial engineering, MBA and Ph.D. After gathering fruitful experience from manufacturing industry he has been in the teaching profession for last fifteen years. He teaches Business Administration and handles subjects in the area of business statistics, research methodology and operations management. He has been associated with ministry of human resource development in formulation modules in the subject of operations management and advance quantitative techniques for both under and post-graduate students. His specific research areas are in areas of lean manufacturing techniques. He has contributed in these fields academically by publishing research papers in various national and international journals.