Introduction to Operations Research (OR)

• Introduction / Definition of Linear Programming Problem (LPP)
• Meaning of Linear Programming

Inventory in Operation Research –

• Introduction/Definition of Inventory
• Objectives of Inventory Control
• Classification of Inventory control
• Inventory Decisions
• Inventory Management
• Objectives of Inventory Management
• How to Develop an Inventory Model?
• Costs involved in Inventory
• Why Inventory is Maintained?
• Tools and Techniques of Inventory Management
  • Determination of Stock Levels
  • Determination of Safety Stocks
  • Determination of Economic Order Quantity (EOQ)
  • A-B-C Analysis
  • VED Analysis
  • Inventory Turnover Ratios
  • Aging Schedule of Inventories
  • Just in Time Inventory
• Deterministic and Probabilistic models in Inventory
• Risk in Inventory Management

Network Analysis in Operation Research –

• Introduction of Network Analysis
• Historical Development of Network Analysis: PERT and CPM
• Objectives of Network Analysis
• Methodology in CPM/PERT Technique/ 4 Basic Steps in Network (PERT/CPM) Techniques / Stages in application PERT
• Applications of PERT and CPM Techniques
• Basic Terminology used in Network Analysis
• Activity (What is activity in network diagram)
• Event (What is event in network diagram)
• Difference between event and activity
• Sequencing in Network Diagram
• Guidelines for Drawing Network Diagram
• Dangling Error, Looping Error, Redundancy Error in Drawing Network
• Labeling of a Network Diagram: Fulkerson’s i-j Rule
• CPM (Definition of Critical Path Method in Network Diagram)
• PERT (What is PERT – Definition of Program Evaluation and Review Technique)
• PERT Algorithm
• Advantages of PERT
• Limitations of PERT
• Difference between PERT and CPM
• Examples of Network Diagram

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List of some highly recommended books to learn Operations Research:

Here is a list of some highly recommended books to learn Operations Research:

1. “Operations Research: An Introduction” by Taha Hamdy A.

2. “Introduction to Operations Research” by Hillier and Lieberman.

3. “Operations Research: Principles and Applications” by G. Srinivasan.

4. “Operations Research: Theory and Applications” by J.K. Sharma.

5. “Operations Research: An Introduction” by Ravindran, Phillips, and Solberg.

6. “Introduction to Operations Research” by Frederick S. Hillier and Gerald J. Lieberman.

7. “Operations Research: An Introduction” by T. E. Raghunathan.

8. “Quantitative Techniques in Management” by N. D. Vohra.

9. “Operations Research: An Introduction” by Prasad and Rama Varma.

10. “Operations Research: An Introduction” by H. A. Taha.

These books cover a variety of topics within Operations Research, offering a comprehensive understanding of the subject. Depending on your level of familiarity with the topic and your specific needs, you can choose a book that suits your learning preferences and requirements.