Topics in Operational Research

• Network optimization models: The Shortest-Path Problem, the Minimum Spanning Tree Problem and the Maximum Flow Problem. Project Scheduling  (PERT/CPM methods, variance of project duration, optimizing the project cost, control of the activities of the project).
• Decision Analysis: Decision Making Under Risk, Decision Trees. Decision Under Uncertainty.
• Inventory Models: Deterministic models: Classical EOQ Model. EOQ with Price Breaks. Multi-Item EOQ with Storage Limitation. The economic production quantity model (EPQ model). Models with finite horizon. Wagner-Whitin algorithm. Stochastic models: No-Setup Model (Newsvendor Model), Setup Model (s-S Policy), Continuous review, fixed order quantity policy ((r,Q) policy).

Taha A. H., Operations Research: An Introduction, Pearson, 10^th ed., 2017

Hillier F. S., Lieberman G. J., Introduction to Operations Research, MacGraw-Hill, 8^th ed., 2004