EM505 DECISION MODELS
| Course Code: | 8660505 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Engineering Management |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Prof.Dr. ESRA KARASAKAL |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
The students are expected to gain the following:
- Understand the methodology of Operations Research and problem solving.
- Develop skills in modeling for solving managerial problems and interpreting solutions.
- Develop skills in using softwares for solving and interpreting deterministic decision models.
- Understand applications of deterministic decision models in different areas.
Course Content
Introduction to methodology of deterministic decision models. Kuhn-Tucker conditions of optimality. Linear programming using simplex method. Duality theory. The dual simplex method and post optimality analysis. Parametric linear programming. The transportation algorithm. Transshipment and assignment problems. Integer programming models and an introduction to enumerative algorithms.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Have improved awareness of financial aspects, risks and trade-offs associated with the decisions. | ✔ | |||
| 2 | Can effectively solve complex problems in areas related with their background, integrating their non-Industrial Engineering undergraduate educational knowledge with the Engineering Management skills. | ✔ | |||
| 3 | Can integrate their engineering skills with practical business knowledge. | ✔ | |||
| 4 | Appreciate the academic ethics. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution