436-475 Operations Research 2

Credit Points:

Coordinator:

Timetable:

Contact:

Objectives:

By the end of the subject students should be able to:

• apply a range of deterministic and stochastic models to inventory problems;

• use decision theory to analyse decision making under risk;

• use queueing models to determine the behaviour of service facilities;

• solve equipment replacement and other problems using Markov processes;

• appreciate the significance of a game theoretic approach to the negotiation process.

Content:

Decision making under risk. Inventory control models. Queues. Markov processes. Game theory.

Assessment: