VIA 506E - Optimization and Decision Modelling

Course Objectives

I. To learn different mathematical modeling techniques with OR,
II. To learn the basic concepts of decision making, modeling and solution methods of decision making problems with applications
III. To learn formulating and solution of optimization models.
IV. To apply optimization models in real-life problems with big data.

Course Description

Basic concepts in Operations research (OR) and decison making, Linear Programming (LP), LP formulation, Graphical Method, Simplex Algorithm, Intege programming (IP), IP modeling, Solving LP and IP using software, Multi-criteria decison making – main concepts and approaches, Case studies on real-life problems with big data