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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS EKO 5075 NEW APPROACHES IN OPER. RES. ELECTIVE 3 0 0 5

Offered By

Econometrics

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSOCIATE PROFESSOR SERKAN ARAS

Offered to

Econometrics

Course Objective

The main objective of the course is to provide the students with new concepts and current information on operations research, to enhance skills of following developments of these areas and to use these methods for solving problems.

Learning Outcomes of the Course Unit

1   To be able to understand main principles of Operations Research 2   To be able to use these techniques on Operations Research problems 3   To be able to apply basic data analysis techniques 4   To be able to produce efficient solutions on specific real world problems

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 Deterministic Decision Making 2 Stochastic Decision Making 3 Economic Order Quantity Models 4 Queueing Theory 5 Pricing the Inventory Options 6 Estimation of Demand Curve 7 Sensitivity Analysis via Data Tables 8 Mid-term 9 Sensitivity Analysis with Scenarios 10 Job Scheduling 11 Attainment and Transportation Problems 12 Simulation of Monte Carlo 13 Non-Linear Pricing 14 Applications

Recomended or Required Reading

Wayne L. Winston. Operations Research: Applications and Algorithms. TBS 2003. Wayne L. Winston, S. Albright and Christopher J. Zappe Data Analysis, Optimization, and Simulation Modeling. South-Western.2010. Wayne L. Winston.Microsoft Office Excel 2007: Data Analysis & Business Modeling. MICROSOFT PRESS. 2007.

Planned Learning Activities and Teaching Methods

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 STT TERM WORK (SEMESTER) 3 FIN FINAL EXAM 4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40 *** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 13 3 39 Preparations before/after weekly lectures 13 2 26 Preparation for midterm exam 1 30 30 Preparation for final exam 1 30 30 Midterm 1 3 3 Final 1 3 3 TOTAL WORKLOAD (hours) 131

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 LO.1 1 1 1 1 LO.2 1 1 1 LO.3 1 1 1 LO.4 1 1 1