S. Bütikofer van Oordt
|This course provides an introduction to operations research methods in the fields of management science and economics. Requisite mathematical concepts are introduced with a practical, problem-solving perspective.
|- Introduction to building and using quantitative models in a business / industrial environment
- Introduction to basic optimization techniques (Linear Programming and extensions, network flows, integer programming, dynamic and stochastic optimization)
- Understanding the integration of quantitative models into the managerial decision process
|The following topics are covered: Systems and models, linear models and the importance of linear programming, duality theory and shadow prices, integer programming, optimization under uncertainty and applications in inventory management.
|A printed script will be made available.
|Any standard textbook in Operations Research is a useful complement to the course.
|Voraussetzungen / Besonderes
|Undergraduate calculus, linear algebra, probability and statistics are a prerequisite.