N. Ravichandran February 18, 2007OR: An Introduction Workshop on Operations Research: An Introduction Jointly organized by ORSI Ahmedabad Chapter & Management Research Foundation (MRF)

N. Ravichandran February 18, 2007OR: An Introduction Operations Research Society of India (ORSI)

N. Ravichandran February 18, 2007OR: An Introduction Management Research Foundation (MRF)

N. Ravichandran February 18, 2007OR: An Introduction Objectives To facilitate evolution of young men and women to become world class management researchers and teachers To create a cadre of management professionals with a strong bias towards research in management and a broad exposure to management discipline. To facilitate and improve the available faculty resource quality in various management institutions in India. To enhance and promote quality research in the Indian context with an optimal balance of practical application and relevance.

N. Ravichandran February 18, 2007OR: An Introduction Workshop Schedule 0900 – 0930 Inauguration + Registration Introduction to Operations Research 1100 – 1130 Beverages 1130 – 1300 Optimization 1300 – 1400 Lunch 1400 – 1530 Decision Analysis 1530 – 1600 Beverages 1600 – 1730 Decision Support Systems 1730 – 1800 Conclusion

N. Ravichandran February 18, 2007OR: An Introduction Content Introduction to OR –Genesis of OR –OR tool, techniques and methodology –OR applications –OR and business Faculty: N. Ravichandran, IIMA Optimization –Problem formulation –Linear Programming –Application –Extension of Linear Programming Faculty: Devanath Tirupati, IIMA

N. Ravichandran February 18, 2007OR: An Introduction Content Decision Analysis –Problem structuring –Understanding uncertainity –Sample information –Value of sample information Faculty: Tathagata Bandyopadhyay, IIMA Decision Support System –Evolution of DSS –Spreadsheet based DSS –Potential applications Faculty: T.P. Rama Rao, IIMA

N. Ravichandran February 18, 2007OR: An Introduction What is OR ? World War by Product Improved decision making Resource optimization Optimal strategy in conflicting situations

N. Ravichandran February 18, 2007OR: An Introduction Evolution of OR Tactical decisions to a major scientific discipline Multi disciplinary Mathematics, Statistics, Computer Science, Systems Analysis

N. Ravichandran February 18, 2007OR: An Introduction Composition of OR Tools Techniques Methodology Choice depends on the complex nature of the problem

N. Ravichandran February 18, 2007OR: An Introduction Possible applications Resource Allocation –Product Mix –Transportation –Blending –Portfolio of stocks Risk Assessment –Investment decision –Oil explorations –Commodity markets and Auction

N. Ravichandran February 18, 2007OR: An Introduction Possible applications Industry applications –Call center design –Facility layout –Location of plant –Design of workflow in Ports Models for profit –Optimized sourcing –Max utilization of capacity –Revenue Management, Yield –Where to sell, what, when –Supply chain optimization

N. Ravichandran February 18, 2007OR: An Introduction Possible applications Decision support system –Traffic pattern planning –Dynamic Management of Resource allocation –Model for Economic Planning Applications in Government –RPO / RTO –Speed disposal of cases –Manpower planning in Government department –Process simplification –Process Automation and many more !

N. Ravichandran February 18, 2007OR: An Introduction Stages in OR application Analysis of a situation Distinction between the problem and consequence Select an appropriate set of alternatives Evaluation of alternatives Decide the best course of action Explore implementation Validate and improve

N. Ravichandran February 18, 2007OR: An Introduction Contact Details Q & A Website: