COURSE INFORMATION Course Title: OPERATIONS RESEARCH

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BUS 324	B	6	4	0	0	4	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Esmir Demaj
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:
Course Description:	To familiarize the students with the basic concepts and principles of operations research and to improve the analytical thinking and modeling abilities of the students on quantitative management problems. The course includes topics such as systems, models and modeling approaches, decision analysis, certainty, risk and uncertainty conditions, linear programming, sensitivity analysis and transportation and assignment problems
Course Objectives:	To familiarize the students with the basic concepts and principles of operations management and to improve the analytical thinking and modeling abilities of the students on quantitative management problems. The course includes topics such as systems, models and modeling approaches, decision analysis, certainty, risk and uncertainty conditions, linear programming, sensitivity analysis and transportation and assignment problems

COURSE OUTLINE

Week	Topics
1	Course Overview and Operations Research
2	Introduction to Linear Programming
3	Linear Programming Problems
4	Simplex Method
5	Simplex Method in Tabular Form
6	Transportation Problem
7	Queuing Problem + Simulation
8	Midterm Exam
9	Project Management I
10	Project Management II
11	Decision Analysis
12	Inventory Management Models
13	Project Presentations and Review
14	Final Exam

Prerequisite(s):
Textbook:	Hillier, F.S. and Lieberman, G.J.,(2015), Introduction to Operatins Research, McGraw-Hill, USA.
Other References:	Ackoff, Russell L. "Management misinformation systems." Management science 14.4 (1967): B-147.Ackoff, Russell L. "The circular organization: an update." The Academy of Management Executive 3.1 (1989): 11-16.Ackoff, Russell. "A concept of corporate planning." Long Range Planning 3.1 (1970): 2-8.Ackoff, Russell L. "A note on systems science." Interfaces 2.4 (1972): 40-41.
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Model Formulation
2	Linear Programming
3	Solution by Graphical and Simplex Methods
4	Transport Models
5	Forecasting
6	Project Management

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Banking and Finance (3 years) Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	4
2	They have knowledge about the finance and banking.	1
3	They have knowledge about the money and banking.	1
4	They have knowledge about the international finance and banking.	1
5	They have ability to use mathematical and statistical methods in banking and finance.	2
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	3
7	They have necessary banking and finance skills that needed in private and public sector.	1
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	1
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	2
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Project	1	18
Final Exam	1	40
Other	3	4
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	12	12
Assignments			0
Final examination	1	17	17
Other	5	5	25
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6