OR Modelling

Faculteit Economie en Bedrijfskunde
Jaar 2017/18
Vakcode EBP821B05
Vaknaam OR Modelling
Niveau(s) propedeuse
Voertaal Engels
Periode semester I b
ECTS 5
Rooster rooster

Uitgebreide vaknaam OR Modelling
Leerdoelen Upon completion of the course the student is able to:
- Understand what the discipline of OR is about
- Formulate a mathematical model
- Program and solve a mathematical program in Excel
- Graphically solve a linear program (LP)
- Solve a linear program using the simplex method
- Understand and apply the concept of shadow prices
- Understand Sensitivity Analysis and interpret an Excel sensitivity report
- Understand and apply deterministic inventory control models
- Understand and apply stochastic inventory control models
- Work in Teams
- Write individual and group (consultancy) reports
Omschrijving The course is about modeling business decision (OR) problems as well as solving them.
Part 1 will be on linear programming. Students learn to formulate a problem as a linear program. Students learn to solve small linear programs graphically and bigger linear programs using the simplex method and Excel. The concepts shadow prices and sensitivity analysis in Excel will also be discussed.
Part 2 deals with deterministic and stochastic inventory control. Various models and solutions techniques will be discussed.
Students have to write two reports in small groups of 3 or 4 students based on two assignments. One assignment is about a linear programming problem, the other one is a problem related to network theory.
Uren per week 4
Onderwijsvorm hoor- en werkcolleges, practica
Toetsvorm opdracht(en), presentatie(s), schriftelijk tentamen met open vragen
Vaksoort propedeuse
Coördinator prof. dr. R.H. Teunter
Docent(en) student-assistent , D.R.J. Prak, MSc. ,prof. dr. R.H. Teunter
Verplichte literatuur
Titel Auteur ISBN Prijs
Operations Research: an introduction, 10th Ed., Pearson. Taha, H.A. 9780134444017 ca. €  60,00
Lecture slides and practical tutorial notes - all provided on Nestor
Entreevoorwaarden Admittance to the BSc EOR. Depending on e.g. capacity, other students may be allowed to participate in some or all course activities. (To be decided by the Programme Director.)
Opmerkingen Info: Prof. Ruud Teunter, phone: +3150 363 8617, e-mail: r.h.teunter@rug.nl.
Secr: Operations, phone: +3150 363 7020, e-mail: secr.operations.feb@rug.nl.
Opgenomen in
Opleiding Jaar Periode Type
BSc Econometrics and Operations Research/EOR  (basisprogramma BSc EOR) 1 semester I b verplicht