Course content

The course deals with the use of mathematical models for planning of corporate and governmental activities. Most of the planning problems will consist of an economic objective which we want to maximize under scarce resources. Operations Research consists of: - limiting and defining the current problem, - formulating a mathematical model of the problem, - calculating an optimal solution of the model, -and finally interpreting and implementing the found solution. This course deals with both deterministic and stochastic problems, and they will be analyzed based on the following models and methods: Linear and nonlinear programming, decision theory, simple queuing theory and simulation. We will use spreadsheets to find numerical solutions for some of the analyzed problems.

Learning outcome

The objective is to give the students basic knowledge in Operations Research, such that they can increase their ability to model and solve decision problems with both technical and economic aspects.

Learning methods and activities

Lectures and exercises with and without computers. If there is a re-sit examination, the examination form may change from written to oral.

Compulsory assignments

• Exercises

Recommended previous knowledge

The course requires knowledge from basic courses in mathematics, statistics and computer science.

Course materials

Given at the start of the course.

Credit reductions