Operation Research: Theory and Appplication

Description

Operations Research: Theory And Applications is a thorough introduction to the subject, ideal for students doing courses in disciplines like management, accounting, computer science or mathematics.

Summary Of The Book

Operations Research is the application of mathematical principles in decision making. This method uses techniques like statistical analysis and mathematical modeling to find the optimal solution to a problem or a situation.

Operations Research: Theory And Applications covers the various techniques and principles used in operations research. It discusses concepts like Linear, Non-Linear, and Goal Programming, Decision Theory, Markov Chains, Information Theory, Theory of Games, and Classical Optimization Methods.

The book provides clear and concise concept explanations. They are further clarified through the use of many illustrative examples. Most of the chapters also have Management Cases to help students understand how the concepts are applied in real business situations.

In this fifth edition of the book, most of the chapters have been revised or reorganized to make the text even more useful and comprehensible to students. The book helps students clearly understand the processes involved in problem solving. It provides a comprehensive coverage of model formulation methods, solution procedures and analysis of results.

All chapters start with sections providing a Preview and outlining the Learning Objectives. These help the students understand what will be covered in that chapter and helps them stay focused. The Concept Quizzes in each chapter reinforces the principles and applications of the operations research techniques discussed in the chapter.

End of chapter sections like Self-Practice Problems with Hints and Answers, and Conceptual Questions, aid in conducting a review of the topics covered in that section. Extra sections in each chapter further clarify the problem solving techniques explained in it. The questions in the book are designed to reflect the style of the questions that are asked in various universities.

Operations Research: Theory And Applications is designed as a core academic material for courses like MBA, CA, ICWA, MCA, BE, BTech and MSc. The book defines the fundamental principles of operations research and shows how they are applied in solving business problems.

About J. K. Sharma

J. K. Sharma is a professor and author.

Some of his other books are Business Statistics, Statistics for Management, Fundamentals of Business Statistics, and Business Research Methods.

J. K. Sharma, a Gold Medalist in Mathematics, has over 35 years of experience in teaching subjects like operations research, quantitative techniques, and business statistics. Actively involved in research studies, he has submitted over a 100 management cases and research papers. He has served as Director of G. L. Bajaj Institute of Management and Technology in Greater Noida. He conducts Management Development Programmes for corporate executives. J. K. Sharma was previously in the faculty of Management Studies at Delhi University. He is now a Professor at Amity Business School in Noida.