Optimization and Operations research in Management
Develop essential business management skills with expert instruction and practical examples.
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Course Description: Mathematical modeling and the operations research approach for solving engineering decision problems. Formulation and classification of optimization models. The concept of improving search directions.
Formulation of linear programs (LPs). The simplex algorithm and alternative approaches for solving LPs. Duality and sensitivity analysis in linear programming.
Multi-objective optimization and goal programming. Network flow models. Formulation and solution methods of integer programs.
Nonlinear programming. Introduction to metaheuristics. The course emphasizes problem formulation and solution via modern optimization modeling software.
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