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  • Decision Science Core Subject Overview

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    This document provides an overview of the syllabus for a Decision Science course. The course covers key quantitative techniques used in decision making including linear programming, assignment models, transportation models, queuing theory, Markov chains, decision theory, game theory, CPM, PERT and probability distributions. The course is divided into 5 units that will cover formulation and solutions of these models as well as their applications in business decision making. Students will be evaluated based on external written and online exams, as well as internal assessments conducted by the college.

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    Pune University MBA Course 2nd Semester subject: 204 Decision Support System

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    204 DSS

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    This document provides an overview of the syllabus for a Decision Science course. The course covers key quantitative techniques used in decision making including linear programming, assignment models, transportation models, queuing theory, Markov chains, decision theory, game theory, CPM, PERT and probability distributions. The course is divided into 5 units that will cover formulation and solutions of these models as well as their applications in business decision making. Students will be evaluated based on external written and online exams, as well as internal assessments conducted by the college.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    28 views1 page

    Decision Science Core Subject Overview

    Uploaded by

    dajit1
    This document provides an overview of the syllabus for a Decision Science course. The course covers key quantitative techniques used in decision making including linear programming, assignment models, transportation models, queuing theory, Markov chains, decision theory, game theory, CPM, PERT and probability distributions. The course is divided into 5 units that will cover formulation and solutions of these models as well as their applications in business decision making. Students will be evaluated based on external written and online exams, as well as internal assessments conducted by the college.

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    Attribution Non-Commercial (BY-NC)
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    Subject Name: Decision Science

    Subject Type: Generic Core (External Subject for Sem II) Subject Code: 204 Marks: 100 Distribution of Marks: 50 (External Written) 20 (External Online Exam) 30 (Internal Marks by College) Unit 1 Introduction: Decision Sciences & Role of quantitative techniques Linear Programming: Concept, Formulation & Graphical Solution Assignment Models: Concept, Floods Technique/ Hungarian Method, applications including restricted & multiple assignments Transportation Models: Concept, Formulation, Problem types: Balanced, unbalanced, Minimization, Maximization Basic initial solution using North West Corner, Least Cost & VAM, Optimal Solution using MODI (9+2) Unit 2 Queuing Theory: Concept, Single Server (M/M/I, Infinite, FIFO) and Multi Server (M/M/C , Infinite, FIFO) Markov Chains & Simulation Techniques: Markov chains: Applications related to management functional areas, Implications of Steady state Probabilities, Decision making based on the inferences Monte Carlo Simulation, scope and limitations. (8+2) Unit 3 Decision Theory: Concept, Decision under risk (EMV) & uncertainty Game Theory: Concept,2 by 2 zero sum game with dominance, Pure & Mixed Strategy (6+2) Unit 4 CPM & PERT: Concept, Drawing network, identifying critical path Network Calculations: Calculating EST, LST, EFT, LFT, Slack & probability of project completion (6+2) Unit 5 Probability 5.1 Probability: Concept, Addition, Conditional Probability theorem based decision making, (Numerical based on functional areas of business expected). 5.2 Probability Distributions: Normal, Binomial. Interval estimation, standard errors of estimation. (6+2) Text Books Quantitative Techniques in Publishers India Ltd., 4th Edition Reference Books Introduction to Operations Research by Billey E. Gilett, TMGH Operations Research by Nita Shah, Ravi Gor, Hardik Soni, PHI Managerial Decisions Modeling with Spreadsheets by Bal Krishnan, Render, Stair, Jr., Pearson Education. Operations Research by R. Pannerselvam, Prentice Hall India, 2nd Edition. Supplementary Reading Material Operations Research by Hamdy A. Taha, Pearson Publication Websites www.orsi.in Journals International Journal of Operations and Quantitative Management International Journals of Operations Research and Management Science Journal of Operation Management Research Indian Journal of Advanced Operations Management

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