OPERATION RESEARCH-
LINEAR PROGRAMMING:
Formulation, graphical method, Simplex method, Degeneracy, Big-M method, Two phase method, duality, sensitivity analysis.
TRANSPORTATION MODEL:
North-West Corner rule, Least-cost method, Vogelâ??s approximation method, Degeneracy in transportation problem, stepping stone method, modified distribution method, unbalanced supply and demand, profit maximization problem, prohibited transportation routes, transshipment problems.
ASSIGNMENT MODEL:
Hungarian method for solution, non square matrix, restriction on assignments, Maximization problem, travelling salesman problem.
NETWORK ANALYSIS:
Terms used in network analysis, Network or arrow diagram, Fulkersonâ??s rule, Programme evaluation and review technique (PERT), Critical path method (CPM), Crashing of network.
SIMULATION:
Introduction, Monte Carlo Simulation, Generation of random numbers.
GAMES THEORY :
Terms used in game theory, Two person zero sum games, pure strategy, matrix reduction by dominance, mixed strategies(2 x 2 , 2 x n , m x 2 , 3 x 3 games), algebric, arithmetic and graphical method
REPLACEMENT MODELS :
Replacement of items whose maintenance and repair costs increase with time- ignoring changes in the value of money during the period and considering value of money changes with time, replacement of items that fail suddenly, group replacement policy, mortality and staffing problems
INVENTORY MODELS:
Objectives of inventory management, inventory classification, inventory costs, EOQ, inventory models with deterministic and probabilistic demand, ABC analysis etc c.