Program Overview

MTH309 Principles of Operations Research

This subject provides a foundation in the basic practice of operations research, focusing on solving decision-making problems that commonly confront managers by developing mathematical models of those problems. The emphasis is on understanding the methods of developing mathematical models and the use of a software package in solving the problems.

Subject Outlines

The subject outlines and assessment tasks are updated each session.

Availability

The subject is available in Session 1, with 30 spots available online and at the Albury-Wodonga Campus.

Subject Information

• Grading System: HD/FL
• Duration: One session
• School: School of Computing and Mathematics
• Prerequisites: STA201 or QBM117 or STA401 and MTH101 or MTH129

Learning Outcomes

Upon successful completion of this subject, students should:

• be able to identify applications where operations research techniques can be used in the decision-making process
• be able to construct mathematical models for various management applications
• be able to interpret/analyse, manually or automatically, the results from the mathematical models studied and use them in making better management decisions
• be able to apply automated tools in the process of decision making

Syllabus

This subject will cover the following topics:

• Linear programming
• Transportation, assignment, and transhipment problems
• Network models
• Project management
• Inventory models
• Waiting line models
• Decision analysis
• Decision making with probabilities