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Operations Research_PRM 45

The document outlines the Operations Research course for the Post Graduate Diploma in Management (Rural Management) at IRMA for the academic year 2024-25. It details the course objectives, outcomes, teaching methodology, evaluation criteria, and session schedule, emphasizing the application of mathematical models to optimize decision-making in rural management contexts. The course aims to equip students with skills in structured decision-making and various OR techniques applicable in real-world scenarios.

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Riya Nagvanshi
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6 views

Operations Research_PRM 45

The document outlines the Operations Research course for the Post Graduate Diploma in Management (Rural Management) at IRMA for the academic year 2024-25. It details the course objectives, outcomes, teaching methodology, evaluation criteria, and session schedule, emphasizing the application of mathematical models to optimize decision-making in rural management contexts. The course aims to equip students with skills in structured decision-making and various OR techniques applicable in real-world scenarios.

Uploaded by

Riya Nagvanshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Institute of Rural Management Anand (IRMA)

Programme Post Graduate Diploma in Management (Rural


Management)
Batch PGDM(RM) 45
Academic Year 2024-25
Course Code
Area POM & QT
Term II
Title of the Course OPERATIONS RESEARCH
Credits 1.5
Number of Section(s) 3
Type (Elective / Core) CORE
Prerequisites (if any) School Level Mathematics
Course Co-ordinator Course Instructor(s)
Name Prof. Shivam Kushwaha Name Prof. Anand Venkatesh

Email Id [email protected] Email Id [email protected]

Contact No +91-9913892025 Contact No +91-8141066750

Programme Outcomes (POs)

Functional Skill: Apply functional skills from different streams of management like
PO1 Human Resource Management, Financial Management along with soft skills like
written and oral communication, and self-leadership.
Analytical skills: Apply Skills of innovative and ‘out of box’ thinking, conceptualize
PO2 from field experiences, skills of operational efficiency, and skills of strategic thinking
while managing enterprises meant for rural communities.
Entrepreneurial thinking: demonstrate development stewardship and environment
PO3
stewardship while managing working for rural communities.
Value and Ethics: apply ethical principles and commit to norms and responsibilities of
PO4
community development work.

Course Description:
Operations Research (OR) is a dynamic and multidisciplinary field that harnesses the power of
mathematical models and analytical techniques to optimize complex decision-making processes. In this
course, we will delve into the fascinating realm of OR, where you'll learn how to tackle real-world
problems efficiently and make informed decisions.
Whether you're interested in improving the efficiency of supply chains, or making strategic decisions in
business, OR provides you with the tools and methods to find optimal solutions. Over the next five
weeks, we will explore a range of fundamental OR concepts, from linear programming to mixed
integer programming, as well as applications in various domains. By the end of this course, you'll have
the skills and knowledge needed to tackle complex problems and contribute to informed decision-
making in a variety of fields.

Course Objectives:
1. To inculcate the approach of structured decision making.
2. To provide a basic introduction to OR approaches, and its role in managerial decision making.
Page 1 of 4
Alignment of the Course Objectives with the Programme
IRMA’s core vision is to reconcile several objectives for making the rural ecosystem a better place. In
this regard structured decision making accommodating several objectives and constraints is of paramount
importance. It is in this regard that a course like OR fits in perfectly with IRMA’s core mission and vision.
Course Outcomes:
CO1: To conceptualize and formulate optimization problems.
CO2: Understanding of various OR techniques employed by managers in various situations.
CO3: Apply OR models to analyze its suitability in practical settings.
CO4: Learn to effectively interpret results by OR models.
Pedagogy / Teaching Methodology:
Classroom discussions, managerial problem identification, analysis of case studies, excel hands on
sessions.

MAPPING OF COs and POs

PO1 PO2 PO3 PO4

CO1 3 3 -- 1

CO2 3 2 -- 1

CO3 2 3 2 1

CO4 2 2 3 1

Evaluation:

Component Learning *Weightage % Course Programme


Objective/s Outcome Outcomes (POs)
(CO)
Class Participation
Quiz 20% CO1,CO2 PO1,PO2
Individual Assignment
Group Assignment 30% CO2,CO3,CO4 PO2,PO4
Take Home Assignment
Research Article
Review/Discussion
Any Other Component
Mid Term (for the 3
credit course only)
End Term 50% CO3,CO4 PO2, PO3
TOTAL 100

Details/Instructions for Evaluation: NIL

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SCHEDULE OF SESSIONS:

Session Details Course Programme


No Outcomes Outcomes
(COs) (POs)
Session Title of the Session: Introduction to OR CO1 PO1
No. 1 Objectives: To provide students an overview of the thought
process underlying OR
Readings:
Cases:
Session Title of the Session: Graphical Analysis of Linear CO1; PO1;
No. 2 Programming CO2; P02
Objectives: To provide students with the intuition CO3
underlying solving of LP models
Readings: TB-Chapter 2
Cases:
Session Title of the Session: Using Excel to Solve Linear CO4 PO1
No. 3 Programming Problems
Objectives: Effective use of Excel to solve LPs
Readings: TB-Chapter 2
Cases:
Session Title of the Session: Sensitivity Analysis CO2; PO2
No. 4 Objectives: Looking at the implications of changing CO3
parameters of an LP
Readings: TB- Chapter 3
Case: Merton Truck Co., HBS
Session Title of the Session: Duality in Linear Programming CO2; PO1
No. 5 Objectives: To understand the notion of duality and its CO3
economic interpretation
Readings: TB- Chapter 18
Cases:
Session Title of the Session: Mixed Integer Programming CO2; PO2
No. 6 Objectives: Understanding special LP models CO3
Readings: TB- Chapter 7
Cases:
Session Title of the Session: Network Flow Models CO2; PO2
No. 7 Objectives: To introduce various network flow models. CO3
Readings: TB-Chapter 6
Cases:
Session Title of the Session: Transportation Problem CO2; PO2
No. 8 Objectives: To demonstrate problems pertaining to CO3
planning of goods and services distribution from several
supply locations to several demand locations
Readings: TB- Chapter 6
Cases:

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Session Title of the Session: Assignment Problem CO2; PO2
No. 9 Objectives: To understand assignment of jobs to different CO3
machines or agents
Readings: TB-Chapter 6
Cases:
Session Title of the Session: Assimilation and Course Recap CO1; PO1;
No. 10 Objectives: CO2; PO2
CO3
Readings:
Cases:

TEXTBOOKS:
• Anderson, Sweeney and Williams, An Introduction to Management Science: Quantitative Approaches
to Decision Making. 15th Edition. Cengage Publishers

ADDITIONAL BOOKS / READINGS:


• Hillier, F. S., & Hillier, M. S. Introduction to management science: a modeling and case studies
approach with spreadsheets. McGraw-Hill.

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