Department of Mathematics (A Department of Mathematics (A.N) NON MAJOR ELECTIVE- II RESOURCE MANAGEMENT TECHNIQUES

CONTENTS OF THIS COURSE ASSIGNMENT MODELS SEQUENCING MODELS GAME THEORY

ASSIGNMENT MODELS THE OBJECTIVE IS TO ASSIGN A NUMBER OF TASKS (JOBS OR ORIGINS OR SOURCES) TO AN EQUAL NUMB ER OF FACILITIES (MACHINES OR PERSONS OR DESTINATIONS) AT A MINIMUM COST OR MAXIMUM PROFIT.

SEQUENCING MODELS SEQUENCING PROBLEM IS THE PROBLEM OF DETERMINING AN APPROPRIATE ORDER OR SEQUENCE FOR A SERIES OF JOBS TO BE DONE ON A FINITE NUMBER OF SERVICE FACILITIES SO AS TO MINIMISE THE TOTAL TIME TAKEN FOR FINISHING ALL THE JOBS

Game theory do not summarize the rules of playing a game. Rather it describes the procedures and Principles of taking best action to arrive at a better solution.

Applications Assignment problem improve spreading of the workload by finding a solution closer to or at the optimum; Sequencing problems are used in operational problems where Manufacturing, service and distribution requires mathematical solutions Game theory helps in arriving at a right solution between parties arguing about a matter.

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