This module has three aims:1. To enable the student to formulate a wide range of problems that can expressed as linear programming problems.2. To enable the student to solve linear programming problems using a variety of special methods.3. To develop an understanding of the commercial and managerial aspects of developing new projects
Formulate Linear Programming Problems
Introduction to variables, constraints and objectives .Turning information into sets of Constraint equations. Classical examples.
2 Variable Problems
Two dimensional problems and their graphical solution. Integer Programming in 2D. Feasible region, binding constraints and scarce resources. Sensitivity analysis.
Transportation Problems%
Formulation as LP problem. The VAM solution. The Stepping Stone and Modified Distribution Method for optimal solution. Non-unique solutions. Unbalanced problems, unallowed routes, penalty costs, degeneracy.
Assignment Problems
Formulation as an LP problem. The Hungarian Method of solution. Non- unique solutions. Unbalanced problems, unallowed allocations.
New Business Development
Mechanisms for business start-up. Preparation of a feasibility study. The business plan
Product Development
Types of Product Development, Risks and Rewards. Stages of product development. Sources of data, technical assistance, technology and consultants.
Business Planning and Cost Analysis
Cost analysis; overheads and direct costs, cost allocation and accumulation, absorption costing. Calculating cost centre overhead rates. Product costing
Competitive Analyis
Analysis of Company Capablity. Diagnosis of Strenghts, Weaknesses, Opporutnities Threats (SWOT). Political, Economic, Social, Technological (PEST) analysis
Introduction to Project Management
Introduction : Projects vs Operations, Principle of Progressive Elaboration; typical project lifecycle, stakeholders expectations vs. requirements, general management functions of project managerProject management Processes : generic project management processes, inputs,outputs, knowledge,skills, tools and techniques; Initiation, Planning, Executing,Controlling,Closing
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 30 |
| Formal Examination | 70 |