Inventory models: Definition, Elementary inventory models: EOQ model without and with shortage, EOQ model with constraints.
Unit II:
II
Replacement and Reliability models: Gradual failure, Sudden failure, Replacement due to efficiency deteriorate with time, Staffing problems, Equipment renewal problems.
Unit III:
III
Queueing Theory: Definition, Queueing system, Arrival distribution theorem.
Unit IV:
IV
Distribution of Departures, Probabilistic queueing models- Models I to V.
Unit V:
V
Probabilistic queueing models- Models VI to IX, Mixed queueing models- Model X, Deterministic queueing models- Model XI.
Essential Readings:
Soeren Asmussen, Applied Probability and Queues (Stochastic Modeling and Applied Probability), Springer, 2003.
S. D. Sharma, Operations Research, Kedar Nath Ram Nath and Co. 1992.
Kanti Swarup, P.K.Gupta and Manmohan, Operations Research, S. Chand and Company Ltd, New Delhi, Reprint 2007.
Hamady A. Taha, Operations Research: An Introduction, Prentice Hall.2007.
