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Operations Research - II (IENG314)

This course introduces uncertainty, risk, and probabilistic approaches to Operations Research. Elementary mathematical models and topics to be covered in this course are: Review of probability theory with illustrations from inventory; decision analysis; decision trees and Bayes rule; utility theory approach; Markov chain models, Chapman-Kolmogorov equations, steady-state probabilities and their computation and applications; M/M/c infinite and finite capacity queuing models and optimization, queuing networks; two-person, constant and non-constant sum games , their analysis and applications.

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