X
X
X

X
Courses » Decision modeling

Decision modeling

ABOUT THE COURSE

Decision Modeling is an important component of Operations Research. With the advent of globalization, only those industries survive who would be able make effective decisions. Out of the vast coverage of decision models, this course focuses on decision analysis, waiting line or queuing models, simulation models, and network models. This course will be of immense value not only for the people working in manufacturing or service industry but also to undergraduate and postgraduate students of all fields of engineering and management. 

INTENDED AUDIENCE

  • Students from Bachelors in Engineering

  • Masters in Business Administration

  • Masters in Economics

  • Masters in Industrial Engineering

  • Masters in Operations Research/Operations Management

  • PhD in related fields


PRE-REQUISITES 

  •        Basic Probability and Statistics
  •       Basic Operations Research


INDUSTRY SUPPORT – LIST OF COMPANIES/INDUSTRY THAT WILL RECOGNIZE/VALUE THIS ONLINE COURSE

  • Manufacturing Industry
  • Chemical Industry
  • Service Industry
  • Management Consultancy Houses
  • Corporate Planning Groups. 

1096 students have enrolled already!!

COURSE INSTRUCTOR


Prof. Biswajit Mahanty is a professor at the Department of Industrial and Systems Engineering of IIT Kharagpur.  He has obtained his B.Tech (Hons) degree in Mechanical Engineering, and his M.Tech and Ph.D. degrees in Industrial Engineering and Management—all from IIT Kharagpur. He has had a rich and varied professional career with six years in industry and more than 26 years in teaching, research, and industrial consulting. His areas of interest are in Operations Research, Systems, Project Management, and Information Systems. He has guided 12 doctoral and more than 100 undergraduate and post-graduate level dissertations. He has also carried out a large number of sponsored research and industrial consulting projects. He has, to his credit, a number of publications in international journals of repute. He is also an author of the book ‘Responsive Supply Chain’ published by the prestigious CRC press. He has developed a 29-lecture NPTEL course on ‘Management Information System’ available on youtube. He has also taught at the School of Management at Asian Institute of Technology, Bangkok as a visiting faculty member.  

COURSE LAYOUT

Week 1: Decision Analysis: Introduction to Decision modeling, Probability Concepts, Decision modeling for deterministic, uncertainty, and risk situations.

Week 2: Decision Analysis: Bayes Theorem, Decision Making with and without Experimentation, Decision Trees  

Week 3: Waiting Line Models: Elements of Queuing models, Queuing models based on the birth-and-death process

Week 4: Waiting Line Models: Priority-Discipline Queuing Models, Finite population models, Queuing cost models  

Week 5: Simulation: Discrete-Event Simulation modelling, Random numbers and Random Variates, Input Modelling and Output analysis

Week 6: Simulation: Continuous Simulation, System Dynamics

Week 7: Network Models: Introduction to Graph theory, Tree and Spanning Tree, Maximal Flow algorithms
Week 8: Network Models: Maximal Flow algorithms (continued), Shortest Path algorithms 


SUGGESTED READING

1. Hillier F.S. and Lieberman G.J., Introduction to Operation Research, McGraw Hill. 

2. Banks, J.S., Carson, Nelson B.L. and Nicol D.M., Discrete Event System Simulation, Pearson Education International Series.

3. Law A.M. and Kelton W.D., Simulation Modeling and Analysis, McGraw Hill International - Industrial Engg. Series.

4. Deo Narsingh, Graph Theory with Application to Engineering and Computer Science, Prentice Hall of India. 


CERTIFICATION EXAM 

  • The exam is optional for a fee. Exams will be on 24 September 2017.
  • Time: Shift 1: 9am-12 noon; Shift 2: 2pm-5pm
  • Any one shift can be chosen to write the exam for a course.
  • Registration url: Announcements will be made when the registration form is open for registrations.
  • The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published.

CERTIFICATE

  • Final score will be calculated as : 25% assignment score + 75% final exam score.
  • 25% assignment score is calculated as 25% of average of Best 6 out of 8 assignments.
  • E-Certificate will be given to those who register and write the exam and score greater than or equal to 40% final score. Certificate will have your name, photograph and the score in the final exam with the breakup. It will have the logos of NPTEL and IIT KHARAGPUR. It will be e-verifiable at nptel.ac.in/noc