ITY 512E - Business Optimization

Course Objectives

1. To learn using different optimization techniques with operations research.
2. To learn formulating and solution of optimization models.
3. To learn applying optimization models in real life problems.

Course Description

Introduction to business processes and decision making in business processes; quantitative decision making; optimization; formulating optimization models and modeling philosophy; linear programming, graphical solution; duality and economic analysis; sensitivity analysis; integer programming modeling and solving methods; Modeling and solution of real-life business problems; Lindo and Open Solver software, GAMS, Pyomo.