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Decision Science Syllabus MBA Pune university for Academic year 2013-14

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, Flood’s 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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