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.
- 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
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.
A printed script will be made available.
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.
Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
In examination block for
Bachelor's Degree Programme in Geospatial Engineering 2018; Version 06.10.2021 (Examination Block 3)