Objectives and competences
In this course students:
1. Enhance their theoretical knowledge in the field of operations research and are able to apply it.
2. Gain the ability to apply their theoretical knowledge in practice in optimization of transformation processes.
3. Students will develop appropriate competences of cognition and understanding
Content (Syllabus outline)
1. Introduction to Operations Research
2. Linear programming (LP)
Acquire General idea of the Simplex method for solving LP models
Sensitivity analysis and interpretation of optimal solution
Use available software to solve LP problems
Solving business problems with LP - cases
3. Transportation optimization
4. Integer linear models
Application of integer linear models in solving business problems (optimal portfolio, optimal investment project)
Use available software to solve integer linear problems
5. Review of other optimization models
In most chapters, the goals of sustainable development will be discussed. Relevant case studies from this field will be included.
Learning and teaching methods
• Classic lectures
• Case studies
• Active work
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Have a detailed knowledge in selected fields of operations research.
2. Develop the skills to create optimization model, solve it with software and interpret the optimal solution.
3. Can demonstrate awareness of wider social and environmental ethical issues in areas of transformation processes.
Cognitive/Intellectual skills:
Students:
1. Synthesize different knowledge and procedures and are aware of importance of use of professional literature.
2. Can select appropriate techniques for problem solving and are able to evaluate the importance and significance of data.
Intended learning outcomes - transferable/key skills and other attributes
Key/Transferable skills
Students:
1. Further develop skills and expertise in the use of knowledge in their specific working area.
Practical skills:
Students:
1. Get practical experience in the field of operations research.
Readings
Osnovna študijska literature (Compulsory textbooks):
Meško, I. (1997). Optimizacija poslovanja. Maribor: EPF.
Kavkler, A. (2014). Gradivo za vaje pri predmetu Operacijske raziskave. Maribor: EPF.
Izbrani članki s področja uporabe optimizacije za cilje trajnostnega razvoja (Selected articles on the use of optimization for sustainable development goals).
Dodatna študijska literature (Additonal textbooks):
Bastič, M. & Čančer, V. (1999). Rešene problemske naloge iz operacijskih raziskav. Maribor: EPF.
Winston, W.L. (2004). Operations Research, Application and algorithms. Stamford: International Thomson Publishing.
Additional information on implementation and assessment • 80 % Written examination or 2 written tests
• 20 % Active work
The exam is passed when the points obtained by written exam (or 2 tests) together with points obtained by the active work in class equal at least 56 points (out of 100).
