EGMT 574-Operations Research II

Catalog Description:

Continues EGMT 573. Concentrates on probabilistic modeling, including Markov chains, queuing theory and applications, inventory theory, forecasting, and decidion analysis and simulation. Discusses case study applications of engineering and management problems.
Credits: 3.00
College: College of Engineering
Department: Engineering Management
Restrictions: Must be enrolled in one of the following Program Level(s): Graduate Quarter
Pre-Requisites: EGMT 573 Minimum Grade: C and EGMT 572 Minimum Grade: C and EGMT 571 Minimum Grade: C

Expanded Description and Textbook Information:

This course is a continuation of Operations Research I and will focus on combination of deterministic and stochastic quantitative techniques. Associated topics will be Probability Theory to support Decision Analysis, Pareto Trade Off Models, Analytical Hierarchy Process, Inventory Management & Control Operations, Waiting Line Models and Simulation & Modeling techniques.

Eemphasis will be placed on spreadsheet modeling and mote carlo simulation. The primary focus will be on utilizing excel based models and tools (software associated with the text) to support quantitative analysis.

Pre-Requisite Requirements: Students must have an understanding of optimization models such as linear programming simplex algorithm, transportation/assignment models and nonlinear programming algorithms. Students need to have experience with LINDO, LINGO, and Excel Solver software applications for solving linear and non linear problems. Students also must have a bastic understanding of normal distribution theory, sampling estimation and data analysis and linear/multiple regression analysis.

Lack of understanding or knowledge of these subject areas may severely impact students ability to achieve satisfactory grades in Operations Research II.

Textbooks:

Practical Management Science, 3rd edition
Wayne L. Winston & S. Christian Albright
Thompson Learning/ Duxbury Press  2007                                     
 For Office 2007 users order:   ISBN: 978-0-324-66250-4   
For Office 2003 users order:   ISBN: 0-534-46512-9           

Software:

Excel Solver: Need to have Microsoft Excel to activate solver.

Pre-Requisites:

EGMT 571 - Managerial Statistics I (or waiver)
Minimum Grade: C

EGMT 572 - Managerial Statistics II
Minimum Grade: C

EGMT 573 - Operations Research I
Minimum Grade: C