Operations Research - II (MANE314)
This course introduces uncertainty, risk, and probabilistic approaches to Operations Research. Elementary mathematical models and topics to be covered in this course are: 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; Inventory systems such as EOQ and single period models; Two-person, constant and non-constant sum games, their analysis and applications.