Workshop on Operations Research: An Introduction

1. Workshop on Operations Research: An Introduction Jointly organized by ORSI Ahmedabad Chapter & Management Research Foundation (MRF) OR: An Introduction

2. Operations Research Society of India (ORSI) OR: An Introduction

3. Management Research Foundation (MRF) OR: An Introduction

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. OR: An Introduction

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 OR: An Introduction

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 OR: An Introduction

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 OR: An Introduction

8. What is OR ? • World War by Product • Improved decision making • Resource optimization • Optimal strategy in conflicting situations OR: An Introduction

9. Evolution of OR • Tactical decisions to a major scientific discipline • Multi disciplinary • Mathematics, Statistics, Computer Science, Systems Analysis OR: An Introduction

10. Composition of OR • Tools • Techniques • Methodology • Choice depends on the complex nature of the problem OR: An Introduction

11. Possible applications • Resource Allocation • Product Mix • Transportation • Blending • Portfolio of stocks • Risk Assessment • Investment decision • Oil explorations • Commodity markets and Auction OR: An Introduction

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 OR: An Introduction

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 ! OR: An Introduction

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 OR: An Introduction

15. Contact Details Q & A Website: http://www.orsiahmedabad.org OR: An Introduction