Why this course?

Description

Being one of the most prominent subjects in the mechanical/manufacturing/industrial engineering curriculum, This subject has very much weightage in every aspect. Be it for academic proficiency, acing competitive exams, or cracking that tough interview, OR (Operations Research) plays a very significant role.

In the professional front, The field of operations research provides a more powerful approach to decision-making than ordinary software and data analytics tools. Employing operations research, professionals can help companies achieve more complete datasets, consider all available options, predict all possible outcomes and estimate risk. . Additionally, operations research can be tailored to specific business processes or use cases to determine which techniques are most appropriate to solve the problem.

----- The ultimate aim of all the tools & practices involved in OR is to "Optimize" ------

In this course we are going to get the knowledge of various tools & practices of operations research with an ultimate aim to optimize problems & increase productivity. The course is divided into several sections, Linear Programming Problems, Transportation problems, Assignment problems, Sequencing, queuing theory & lastly PERT & CPM:

Linear Programming Problems (LPP) - In LPP, we will understand how to optimize a problem by using various methods like the graphical method, slope method & simplex method. We will also understand binding constraints & certain special cases.
Transportation & Assignment problems - In transportation, we will understand about popular methods like the N-W corner rule & Vogel’s approximation method to optimize a transportation-related problem. Whereas for assignment problems, we will look into the Hungarian method.
Sequencing - In sequencing, we will learn about n jobs in 1 machine via – the Shortest Processing Time rule or SPT & Earliest due date rule or EDD. And n jobs in 2 machines.
Queuing theory - In queuing theory, we will get to know about the mathematical study of queues, Kendall notation, various queuing terminologies like arrival rate, service rate, calling population & many more.
Network analysis - We will do network analysis via PERT & CPM which comes in very handy for project planning & execution.

The bottom line of this course is to teach you the academic aspects of operations research keeping in mind the practical application to a greater extent. By taking this course, you are not only increasing your knowledge on the academic front but also gaining insights about optimization at the industry level.