Content

The role of Operations Research in decision making
Models, techniques and methodology of Linear Programming
Linear Programming. General Issues. Examples of formulations.
The Simplex method.
The variations of Simplex method.
Duality theory.
Applications of Linear Programming.
Introduction to Dynamic Programming.
Optimality equations for finite and infinite horizon problems.
Applications to problems in network flows, inventory management
Applications to maintenance and replacement of equipment.
No-Linear Programming.
Introduction to Game Theory.
A combination of teaching and learning methods will be used, aiming at the active participation of the students and the practical application of the thematic units under examination; there will also be lectures using audiovisual media, discussions, and analyses of case studies on real business issues, experiential (group) activities, as well as projections of relevant videos. The students will also undertake an individual or group project. Furthermore, articles, audiovisual lecture materials, web links/addresses, useful information, case studies and exercises for further practice are posted in digital form on the AUA Open e-Class platform.

Learning results

Learning Outcomes

The aim of the course is:
To introduce students to the terms and the meanings of Operations Research.

Upon successful completion of the course, the student will be able to:

• Distinguishes the basic principles of Operations Research.
• Understands the basic "tools" for dealing with theoretical and practical problems that arise in the modern business environment.
• Classify problems of Operations Research.
• Solve problems of Operations Research.
• Apply these methods to economy and management.
• Apply these methods to supply networks.
• Identify problems and propose alternative solutions related to the actions of each organization
• Understand the importance and the way of operation of the examined public and private organizations

General Competences
Adapting to new situations
Decision-making
Working independently
Teamwork
Working in an international environment
Working in an interdisciplinary environment
Production of new research ideas Teamwork
Project planning and management
Respect for difference and multiculturalism
Respect for the natural environment
Showing social, professional, and ethical responsibility and sensitivity to gender issues
Criticism and self-criticism

Bibliography

Suggested bibliography:
• Π. Υψηλάντης, Επιχειρησιακή έρευνα, Εκδόσεις Προπομπός 2015.
• Ι. Κολέτσος, Δ. Στογιάννης, Εισαγωγή στην Επιχειρησιακή Έρευνα, 2015.
• Μ. Λουκάκης, Γραμμικός Προγραμματισμός, αριστοποίηση σε δίκτυα, Εκδόσεις Σοφία, 2010.
• Δ. Φακίνου, Α. Οικονόμου, Εισαγωγή στην Επιχειρησιακή Έρευνα, Εκδόσεις Συμμετρία, 2003
• D.R. Anderson, D.J. Sweeney, T.A. Williams, K. Martin, Διοικητική Επιστήμη, Ποσοτικές μέθοδοι για τη λήψη επιχειρηματικών αποφάσεων, Εκδόσεις Κριτική, 2014.
• S. Kiener, N. Maier-Scheubeck, R. Obermaier, M. Weiß, Διοίκηση Παραγωγής, Εκδόσεις Προπομπός, 2012.
Related academic journals:
• European Journal of Operational Research.
• Journal of the Operational Research Society.

Web Υπηρεσίες

NEWSLETTER

The Department was created in 2019 (article 20, Law 4589/2019) and is an evolution of the Supply Systems Management Department (D.S.E.). Housed in a 770 sq.m. building. within a plot with a total area of 8,000 sq.m. in facilities with extensive research and teaching spaces.