Features of the Book
Preface
Chapter 1. Operations Research: An Introduction
Chapter 2. Assignment Problem
Chapter 3. Transportation Problem
Chapter 4. Linear Programming Problem
Chapter 5. Extension of Linear Programming Problem
Chapter 6. Sequencing Models
Chapter 7. Inventory Management
Chapter 8. Dynamic Programming
Chapter 9. Queuing Th eory
Chapter 10. Game Theory
Chapter 11. Replacement Theory
Chapter 12. Network Analysis
Chapter 13. Simulation
Chapter 14. Markov Chains
Chapter 15. Forecasting
Chapter 16. Decision Theory
Chapter 17. Investment Analysis
Chapter 18. Introduction to Non-linear Programming Problems
Appendix: Statistical and Financial Tables
Bibliography
Index

Operations Research: Principles and Practice is a comprehensive textbook specially designed to meet the needs of business management students. It explains the concepts and managerial applications of operations research lucidly, with the help of graphs, tables, and numerous solved examples.

Comprising 18 chapters, the book provides an in-depth coverage of linear programming problem and its various applications/extensions such as assignment problems, transportation problems, and integer and goal programming. Also, various theories and processes related to inventory management methods, sequencing, and queuing theory have been covered in detail. The book covers important topics such as network analysis tools, Markov chains, and decision theory. It concludes with chapters on investment analysis and non-linear programming. A comprehensive chapter on game theory applications adds further value to the book.

This book would also be useful for students pursuing postgraduate courses in operations research and commerce. Besides, it offers valuable insights into the subject for practitioners to optimize in business situations.