Microsoft Word - MSORMAN Learning Contract - 1st Term ...
ASIA PACIFIC COLLEGESchool of Management(SOM)Bachelor of Science in Business Administration(BSBA)COURSE SYLLABUSCodeQuamet2TitleOperations ResearchCredit Units3.0DescriptionOperations research is a discipline that deals with the application of advanced analytical methods to help make better decisions. Considered to be a sub-field of applied mathematics, the terms management science and decision science are sometimes used as synonyms. Employing techniques from other mathematical sciences, such as mathematical modeling, statistical analysis, and mathematical optimization, operations research arrives at optimal or near-optimal solutions to complex decision-making problems. Because of its emphasis on human-technology interaction and because of its focus on practical applications, operations research has overlap with other disciplines, notably industrial engineering and operations management, and draws on psychology and organization science. ObjectiveAt the end of the course, the student must have utilized operational research (OR) in a wide range of problem-solving techniques and methods applied in the pursuit of improved decision-making and efficiency, such as simulation, mathematical optimization, queuing theory and other stochastic-process models, Markov decision processes, econometric methods, data envelopment analysis, neural networks, expert systems, decision analysis, or the analytic hierarchy process. Nearly all of these techniques involve the construction of mathematical models that attempt to describe the system. Because of the computational and statistical nature of most of these fields, OR also has strong ties to computer science and analytics. OUTLINEWeekTopic/sActivities1IntroductionClass DiscussionGroup ActivitySpreadsheet Exercises2Introduction to Probability Probability DistributionsClass DiscussionGroup ActivitySpreadsheet Exercises3Decision AnalysisUtility and Game TheoryClass DiscussionGroup ActivitySpreadsheet Exercises4Time Series Analysis and Forecasting Class DiscussionGroup ActivitySpreadsheet Exercises5Introduction to Linear Programming Linear Programming: Sensitivity Analysis and Interpretation of SolutionClass DiscussionGroup ActivitySpreadsheet Exercises6Linear Programming Applications in Marketing, Finance, and Operations ManagementClass DiscussionGroup ActivitySpreadsheet Exercises7Midterm Assessment and ProjectResearch PaperWritten Examination Oral Presentation8Distribution and Network Models Class DiscussionGroup ActivitySpreadsheet Exercises9Integer Linear Programming Advanced Optimization ApplicationsClass DiscussionGroup ActivitySpreadsheet Exercises10Project Scheduling: PERT/CPM Class DiscussionGroup ActivitySpreadsheet Exercises11Inventory ModelsWaiting Line Models Class DiscussionGroup ActivitySpreadsheet Exercises12Simulation Class DiscussionGroup ActivitySpreadsheet Exercises13Markov ProcessesClass DiscussionGroup ActivitySpreadsheet Exercises14Final Assessment and ProjectResearch PaperWritten Examination Oral PresentationREFERENCESTitleAuthor/sYear PublishedQuantitative Methods for Business, 13th EditionCengage LearningDavid R. Anderson, Dennis J. Sweeney, Thomas A. Williams, et.al.2016Practical Management Science, 5th EditionCengage LearningWayne L. Winston & S. Christian Albright2016Quantitative Analysis for Management, 12th EditionPearson EducationBarry Render, Ralph M. Stair, Jr., Michael E. Hanna, Trevor S. Hale 2015Introduction to Operations Research, 10th EditionMcGraw-HillFrederick Hillier 2015Introduction to Management Science, 12th EditionPearson Education International Bernard W. Taylor, III2016INSTRUCTIONAL TOOLSSystemFunctionURLMicrosoft ExcelData Analysis ToolPak for complex statistical or engineering analyses? LMSFree cloud-hosted LMS+ with nothing to download or install Registration code: apcstudentSubject password: (c/o instructor)Cengage OnlineCompanion website solving and class discussion30%ExamsWritten and online assessment20%ExercisesModeling and spreadsheet workshop30%ProjectResearch paper and oral presentation20%Total100%GRADING SYSTEMGrade PointDescriptionLetter RatingPercentage Grade4.0ExcellentA97-1003.5SuperiorB+93-963.0Very GoodB89-922.5GoodB-85-882.0SatisfactoryC+80-841.5FairC75-791.0PassD70-74RRepeat<700.0FailFExcessive Absences ................
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