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INVENTORY THEORY Inventory Model Building, Single item deterministic Model, Inventory Control Models without strategies and Inventory Control Models with shortages. PERT & CPM Basic differences between PERT and CPM. Arrow Networks, time estimates, earliest expected time, latest – allowable occurrences time, Forward Pass Computation, Backward Pass Computation, Representation in Tabular Form Critical Path, Probability of meeting scheduled date of completion, Calculation on CPM network. Various floats for activities, Critical path updating projects. Operation time cost tradeoff Curve project, Time cost – tradeoff Curve- Selection of schedule based on Cost Analysis, Crashing the network
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References : 1. Introduction to Operation Research-A Computer Oriented Algorithm Approach Filet B. E. 2. Fundamental of Queuing Theory Gross D. and Ilaris C.M. 3. Introduction to Operation Research Hiller F and Lieberman G. J. 4. Mathematical Programming technique Kambo N.S. 5. Operations Research KantiSwarup, Gupta P.K. and ManMohan. 6. Optimization Methods in Operations Research and System Analysis Mital K.V. 7. The Critical Path Method Saffer L.R., Fitter J.B. and Meyer W.L. 8. Operation Research J.K. Sharma 9. Operation Research Taha H.A.