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

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

3. 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

4. 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.

5. 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)

6. 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