Decision theory-
Decision under various conditions.
Game Theory-
Minimax & maximum strategies. Application of linear programming.
Integer Programming-
Cutting Plane method and Branch & Bound method
Units: IV
Deterministic and Stochastic inventory models-
Single & multi period models with continuous & discrete demands, Service level &
reorder policy
Units: V
Simulations-
Simulation V/S mathematical modeling, Monte Carlo simulation, simulation language
ARENA, Example & cases.
Queing models-
Introduction Model types, M.M. 1 & M/M/S system cost consideration