Workshop on Operations Research: An Introduction

1
Workshop on Operations Research An Introduction

• Jointly organized by
• ORSI Ahmedabad Chapter
• Management Research Foundation (MRF)

2
Operations Research Society of India (ORSI)
3
Management Research Foundation (MRF)
4
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.

5
Workshop Schedule

• 0900 0930 Inauguration Registration
• 0930 - 1100 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

6
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

7
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

8
What is OR ?

• World War by Product
• Improved decision making
• Resource optimization
• Optimal strategy in conflicting situations

9
Evolution of OR

• Tactical decisions to a major scientific
  discipline
• Multi disciplinary
• Mathematics, Statistics, Computer Science,
  Systems Analysis

10
Composition of OR

• Tools
• Techniques
• Methodology
• Choice depends on the complex nature of the
  problem

11
Possible applications

• Resource Allocation
• Product Mix
• Transportation
• Blending
• Portfolio of stocks
• Risk Assessment
• Investment decision
• Oil explorations
• Commodity markets and Auction

12
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

13
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 !

14
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

15
Contact Details

• Q A
• Website http//www.orsiahmedabad.org