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MAT 361 -- Operations Research
Operations Research is a classic study of mathematical optimization and its applications to a wide array of real-world problems. Operations Research uses quantitative methods to determine the best decision for an operating system. A mathematical approach to studying methods as applied to the decision process in industry is taken. The methods studied are selected from among: linear programming, game theory, graph theory and network analysis. Our focus in this course will be on linear programming and sensitivity analysis. Students will be required to use appropriate computer software, including Excel. The figure depicts the optimal solution to a two-dimensional linear programming problem. The planar surface shows the objective function reaching it’s maximum value at a corner point of the feasible space.