IME634: Management Decision Analysis

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Presentation transcript:

IME634: Management Decision Analysis Raghu N. SENGUPTA IME Department, IIT Kanpur, INDIA

Pre-requisites/Industry Probability & Statistics, Operations Research, Operations Management Manufacturing/Chemical/Steel/Cement/Agri based/Finance/Marketing/Data Analytics/IT/Government/Semi-Government, etc.

Topics MCDM, MAUT, Utility theory, Pareto optimality Decision Trees, GERT, Q-GERT Operations Research: Simplex Method, Primal-Dual problem, Assignment, Trans shipment, Quadratic Programming, Simple formulation of (0-1, MILP, IP, etc.), Reliability Optimization, Stochastic Programming, Robust Optimization, etc. Queuing theory

Topics (contd..) Probability, Random variable, Moments (E(X), V(X), etc.), correlation, MGF, CGF, Discrete/Continuous Distribution function, Sampling distribution, Statistical Inference (point estimation, interval testing, hypothesis testing), MLR, ANOVA Data Envelopment Analysis (DEA), Analytical Hierarchy Process (AHP), Analytical Network Process (ANP), TOPSIS, ELECTRE, PROMETHE, MACBETH, SWOT analysis and System analysis, Fuzzy Logic and related topics Metaheuristics Methods, GA, ACO, TS, AIS, etc.

Marking Scheme Attendance: 03 marks (Minimum of 70% attendance out of the total classes held) Assignments: 25% Quizzes: 20% Mid-term: 25% (syllabus till mid-term) Final examination: 30% (syllabus till final examination)

Marking Scheme (contd..) All quizzes/mid-term/final examination are CLOSED book/notes examination. Please note laptops/mobiles NOT allowed during quizzes/mid-term/final examination Relative marking scheme will be followed For Assignment/Quizzes/Mid-term, once you check your answer scripts, you may retain them For Final examination once you check your answer script, it has to be returned to the instructor