| Course title | Operations Management |
|---|---|
| Course code | UMKM/KOPM |
| Organizational form of instruction | Lecture |
| Level of course | Master |
| Year of study | not specified |
| Semester | Summer |
| Number of ECTS credits | 4 |
| Language of instruction | Czech |
| Status of course | Compulsory, Compulsory-optional |
| Form of instruction | Face-to-face |
| Work placements | This is not an internship |
| Recommended optional programme components | None |
| Lecturer(s) |
|---|
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| Course content |
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Theory of random processes. Point processes and its most important characteristics. Poisson random process, Markov processes, Markov chains. Method of nested chain by Markov. Theory of bulk service. Markov systems of bulk service, system M/M/n and its variations. Non-Markov systems of bulk service. System M/D/1, system M/G/1, system M/Ek/1, closed systems of bulk service. Theory of storage.Basic terms of the theory of storage, deterministic models of storage with and without deficit. Stochastic models of storage. Models of storage signaling changes, cyclic model of storage, statistical models of storage. Profit oriented models of storage. Renewal theory, renewal systems where objects get worn out. Renewal systems where elements break down, renewal equation, age structure, limit age structure.
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| Learning activities and teaching methods |
| Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Methods of individual activities |
| Learning outcomes |
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The aim of the course is to teach the students most used methods of the operations research. These methods apply theory of probability and its use in economics and other social sciences.
Student will be able to use methods of operational research in order to acquire exact solutions in various decision making situations. |
| Prerequisites |
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Prerequisite for successful mastering of this subject is knowledge of mathematics, probability theory and statistics within the range taught at universities.
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| Assessment methods and criteria |
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Written examination, Home assignment evaluation, Student performance assessment
To get assignement, every student must create 5 non trivial examples, covered chapters I - IV of the book Linda, B.: Stochastické modely operačního výzkumu (Stochastic Models of operations Research). |
| Recommended literature |
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| Study plans that include the course |
| Faculty | Study plan (Version) | Category of Branch/Specialization | Recommended semester | |
|---|---|---|---|---|
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics and Enterprise Management (2015) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Economics of Public Sector (2016) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional and Information Management (2013) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |
| Faculty: Faculty of Economics and Administration | Study plan (Version): Regional and Information Management (2014) | Category: Economy | 1 | Recommended year of study:1, Recommended semester: Summer |