Operations Research

Course content

The business planning of individual production and logistics systems or entire supply chains involves complex interrelationships that need to be appropriately mapped. One way to do this is by using mathematical optimization. Various solvers and standard software are available for solving such optimization models. These enable rapid implementation and the finding of an optimal solution to derive recommendations for action.

In this seminar, students will take an in-depth look at the modelling of mathematical optimization models and their implementation and solution using relevant standard software. In particular, students will deal with the following topics:

• Fundamentals of decision-making using optimization
• Modeling of mathematical optimization models
• Implementation and solution finding using the standard software AIMMS
• Conception and development of case studies
• Evaluation and interpretation of optimization results
• Derivation of recommendations for action appropriate to the problem