Singapore University of Social Sciences

Applied Operations Research

Applications Open: To be confirmed

Applications Close: To be confirmed

Next Available Intake: To be confirmed

Course Types: To be confirmed

Language: English

Duration: 6 months

Fees: To be confirmed

Area of Interest: Business Administration

Schemes: To be confirmed

Funding: To be confirmed


Synopsis

ANL355 Applied Operations Research introduces students to the optimization process and covers techniques such as the Simplex Method, Network Simplex, integer programming, non-linear programming and dynamic programming. Case studies will be used extensively to help illustrate the various techniques covered. Hands-on using computer software (e.g., Excel, AMPL) will also be taught in this course.

Level: 3
Credit Units: 5
Presentation Pattern: Every January

Topics

  • Foundations of Probability and Basic Linear Algebra
  • Operations Research & Decision Analysis
  • Linear Optimisation Model
  • Geometry of the Solution Space
  • Nonlinear Optimisation
  • Discrete Optimisation
  • Decision Tree Analysis
  • Linear Optimisation under Uncertainty
  • Risk vs Ambiguity
  • Simulation Modelling
  • Random Number Generation
  • Integration in Decision Modelling

Learning Outcome

  • Explain relevant concepts used in Operations Research
  • Describe the relevant business problem to be solved
  • Determine the relevant operatinos technique to use for a given business problem
  • Formulate mathematical models in daily business operations
  • Interpret the results of the proposed mathematical optimization models
  • Evaluate the results of various proposed mathematical optimization models for effective decision-making in complex scenarios
  • Use optimization solver and computer tools to derive the optimal or near-optimal solution of proposed mathematical optimization problems
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