COURSE INFORMATION
Course Title: OPERATIONS RESEARCH
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
BUS 324 C 6 3 0 0 3 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 , Tuesday, 11:30-14:30
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:
Teaching Assistant(s) and Office Hours: Enejda Doko Tuesday, 11:30-14:30
Language: English
Compulsory/Elective: Elective
Classroom and Meeting Time: Monday, E-312, 13:30-16:15
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 students with the basic concepts and principles of operations research and to improve analytical thinking and modeling abilities of students on quantitative management problems. The course includes topics such as modeling approaches, decision analysis, linear programming, sensitivity analysis and transportation, assignment problems, and project management issues.
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:
Laboratory Work:
Computer Usage:
Others: No
COURSE LEARNING OUTCOMES
1 Understanding Model Formulation
2 Understanding Linear Programming
3 Understanding and Practicing Solution of LP by Graphical and Simplex Methods
4 Understanding and Practicing Transport Models
5 Understanding Forecasting
6 Understanding and Practicing Project Management
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in International Marketing and Logistics Management (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 4
2 Apply key theories to practical problems within the global business context. 5
3 Demonstrate ethical, social, and legal responsibilities in organizations. 4
4 Develop an open minded-attitude through continuous learning and team-work. 4
5 Use technology to enable business growth and sustainability. 3
6 Synthesize creativity needed for marketing notion with scientific method and numerical skills, for achieving business sustainability. 3
7 Apply the concepts and structures of modern marketing in global context at private and public sectors. 2
8 Integrate the management of logistics, supply chain and in total operations with corporate goals and strategies. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Homework
1
10
Midterm Exam(s)
1
25
Project
1
15
Quiz
1
10
Final Exam
1
40
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