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Workshop on Operations Research: An Introduction

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Workshop on Operations Research: An Introduction Jointly organized by ORSI Ahmedabad Chapter & Management Research Foundation (MRF) Operations Research Society of ... – PowerPoint PPT presentation

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Title: Workshop on Operations Research: An Introduction


1
Workshop on Operations Research An Introduction
  • Jointly organized by
  • ORSI Ahmedabad Chapter
  • Management Research Foundation (MRF)

2
Operations Research Society of India (ORSI)
3
Management Research Foundation (MRF)
4
Objectives
  • To facilitate evolution of young men and women to
    become world class management researchers and
    teachers
  • To create a cadre of management professionals
    with a strong bias towards research in management
    and a broad exposure to management discipline.
  • To facilitate and improve the available faculty
    resource quality in various management
    institutions in India.
  • To enhance and promote quality research in the
    Indian context with an optimal balance of
    practical application and relevance.

5
Workshop Schedule
  • 0900 0930 Inauguration Registration
  • 0930 - 1100 Introduction to Operations
    Research
  • 1100 1130 Beverages
  • 1130 1300 Optimization
  • 1300 1400 Lunch
  • 1400 1530 Decision Analysis
  • 1530 1600 Beverages
  • 1600 1730 Decision Support Systems
  • 1730 1800 Conclusion

6
Content
  • Introduction to OR
  • Genesis of OR
  • OR tool, techniques and methodology
  • OR applications
  • OR and business
  • Faculty N. Ravichandran, IIMA
  • Optimization
  • Problem formulation
  • Linear Programming
  • Application
  • Extension of Linear Programming
  • Faculty Devanath Tirupati, IIMA

7
Content
  • Decision Analysis
  • Problem structuring
  • Understanding uncertainity
  • Sample information
  • Value of sample information
  • Faculty Tathagata Bandyopadhyay, IIMA
  • Decision Support System
  • Evolution of DSS
  • Spreadsheet based DSS
  • Potential applications
  • Faculty T.P. Rama Rao, IIMA

8
What is OR ?
  • World War by Product
  • Improved decision making
  • Resource optimization
  • Optimal strategy in conflicting situations

9
Evolution of OR
  • Tactical decisions to a major scientific
    discipline
  • Multi disciplinary
  • Mathematics, Statistics, Computer Science,
    Systems Analysis

10
Composition of OR
  • Tools
  • Techniques
  • Methodology
  • Choice depends on the complex nature of the
    problem

11
Possible applications
  • Resource Allocation
  • Product Mix
  • Transportation
  • Blending
  • Portfolio of stocks
  • Risk Assessment
  • Investment decision
  • Oil explorations
  • Commodity markets and Auction

12
Possible applications
  • Industry applications
  • Call center design
  • Facility layout
  • Location of plant
  • Design of workflow in Ports
  • Models for profit
  • Optimized sourcing
  • Max utilization of capacity
  • Revenue Management, Yield
  • Where to sell, what, when
  • Supply chain optimization

13
Possible applications
  • Decision support system
  • Traffic pattern planning
  • Dynamic Management of Resource allocation
  • Model for Economic Planning
  • Applications in Government
  • RPO / RTO
  • Speed disposal of cases
  • Manpower planning in Government department
  • Process simplification
  • Process Automation and many more !

14
Stages in OR application
  • Analysis of a situation
  • Distinction between the problem and consequence
  • Select an appropriate set of alternatives
  • Evaluation of alternatives
  • Decide the best course of action
  • Explore implementation
  • Validate and improve

15
Contact Details
  • Q A
  • Website http//www.orsiahmedabad.org
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