MIS41090 Advanced Operations Research

Academic Year 2019/2020

This module follows on from Optimisation in Business.
Management Science is the application of scientific (including mathematical and computational) methods to business and management problems. Within this, Operations (or Operational) Research is a term for the study and application of optimisation methods - particularly constrained optimisation - in real world decision problems, including in business. As described by the UK OR society, it is “the science of better”.
This module will build on the introduction of material in Optimisation in Business, to explore further Operational Research approaches and applications in business and analytics, in particular using network approaches and advanced mathematical programming approaches.

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Curricular information is subject to change

Learning Outcomes:

On completion of the module students should be able to:
● Formulate a problem in Operational Research terms, given a verbal description
● Define the special properties of convexity in optimisation, with particular reference to the special cases of Linear, Integer Linear and Quadratic Programming
● Translate problems into the language of a standard software solver, execute it, and interpret the results
● Describe network models and their applications to problems
● Describe and execute standard algorithms for network shortest paths, centrality, flow, and others
● Describe applications of network models in analytics, including social network analysis

Indicative Module Content:

Topics:
● Decision Analysis problems
● Network models and their applications in analytics (including social network analytics)
● Advanced Linear and Integer Programming, with emphasis on modelling and formulation of real world problems given a business description
● Advanced convex optimisation methods and applications, including in analytics

Student Effort Type Hours
Lectures

36

Specified Learning Activities

40

Autonomous Student Learning

110

Total

186

Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.  
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Assignment: Formulate & Optimise Business Problems Varies over the Trimester n/a Graded No

25

Examination: Written Exam 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

75


Carry forward of passed components
Yes
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Not yet recorded.

Spring
     
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 33 Fri 09:00 - 10:20
Lecture Offering 1 Week(s) - 20, 21, 22, 23, 24, 25, 26, 29, 30, 33 Fri 11:00 - 12:20
Lecture Offering 1 Week(s) - 31, 33 Mon 09:00 - 10:20
Lecture Offering 1 Week(s) - 31, 33 Mon 11:00 - 12:20
Spring
     

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