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Courses » Selected Topics in Decision Modeling

Selected Topics in Decision Modeling

ABOUT THE COURSE:

Decision Modeling is an important component of Operations Research with optimization at its core. Decision problems are in the focus of academicians and practitioners the world over and are solved everywhere from manufacturing to service organizations, airlines, government and consulting houses. The present course is taught from a practitioner’s angle. Theory is introduced to complement the practice and for ease of understanding. The course is mainly meant for Engineering students. The management students will also benefit from the course. In this course on decision modeling, first 2 weeks are devoted to dynamic programming. Dynamic programming helps to solve complex decision problems with the help of Bellman’s principal of optimality. Next 2 weeks cover integer programming which is again very important in decision making context. Branch and bound, cutting plane, and branch and cut methods are discussed in this section. Next 2 weeks cover nonlinear programming which includes constrained and unconstrained optimization, Karush-Kuhn-Tucker conditions and other topics. The final 2 weeks are devoted to metaheuristics that include genetic algorithm, simulated annealing, tabu search and other algorithms.

Important For Certification/Credit Transfer:

Weekly Assignments and Discussion Forum can be accessed ONLY by enrolling here

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Note: Content is Free!

All content including discussion forum and assignments, is free


Final Exam (in-person, invigilated, currently conducted in India) is mandatory for Certification and has INR Rs. 1100 as exam fee.


INTENDED AUDIENCE:
Students from Bachelors in Engineering, Masters in Business Administration, Masters in Industrial Engineering, Masters in Operations Research/Operations Management, PhD in relevant fields

CORE/ELECTIVE: Core/Elective

UG/PG: UG / PG (Both)

PREREQUISITES: 1)Basic Operations Researchl

INDUSTRY SUPPORT: Manufacturing Industry, Chemical Industry, Service Industry, Management Consultancy Houses, Corporate Planning Groups.

429 students have enrolled already!!

ABOUT THE INSTRUCTOR:



Prof. Biswajit Mahanty is a professor at the Department of Industrial and Systems Engineering of IIT Kharagpur. He has obtained B.Tech (Hons) degree in Mechanical Engineering and 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 27 years in teaching, research, and industrial consulting. His areas of interest are in Operations Research, Systems, Project Management, and Information Systems. He has guided 14 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 20-hour NPTEL Online course on ‘Decision Modeling’ and a 29-hour NPTEL course on ‘Management Information System’. He has also taught at the School of Management at Asian Institute of Technology, Bangkok as a visiting faculty member.

COURSE LAYOUT:

Week 1  :  Dynamic Programming: Bellman’s Principle of Optimality, Stage Coach Problems, Recursive Relationship. Application to Assignment Problem
Week 2  :   Dynamic Programming: Application to Knapsack Problem, Production-Inventory Problems, and Network Problems
Week 3  : Integer Programming: Formulation, Branch and Bound Techniques, Example Problems, Cutting Plane Methods
Week 4  :  Integer Programming: Mixed Integer Problems, Branch and Cut Methods, Example Problems
Week 5  :  Nonlinear Programming: Graphical Illustration, Constrained and Unconstrained Optimization, Karush-Kuhn-Tucker Conditions
Week 6  :  Nonlinear Programming: Search Techniques, Quadratic Programming, Example Problems
Week 7  :  Metaheuristics: Genetic Algorithm Mechanism, Performance, Data Structure, Genetic Search, Applications
Week 8  :  Metaheuristics: Simulated Annealing, Tabu Search, Particle Swarm Optimization and others,

SUGGESTED READING MATERIALS:

Ravindran, A., Philips, D.T., and Solberg, J.J., Operations research, John Wiley and Sons. Taha H.A., Operation Research- An Introduction, PHI Hillier F.S. and Lieberman G.J., Introduction to Operation Research, McGraw Hill.
CERTIFICATION EXAM :
  • The exam is optional for a fee.
  • Date and Time of Exam: October 7, 2018 (Sunday): 
  • Time of Exams: Morning session 9am to 12 noon; Afternoon session: 2pm to 5pm.
  • Exam for this Course will be available in both morning & afternoon sessions.
  • 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 http://nptel.ac.in/noc/