363-1004-00L Operations Research
Semester | Autumn Semester 2018 |
Lecturers | M. Laumanns, S. Bütikofer van Oordt |
Periodicity | yearly recurring course |
Language of instruction | English |
Abstract | 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. |
Learning objective | - 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 |
Content | 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. |
Lecture notes | A printed script will be made available. |
Literature | Any standard textbook in Operations Research is a useful complement to the course. |
Prerequisites / Notice | Undergraduate calculus, linear algebra, probability and statistics are a prerequisite. |