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Operational Research for Decision Optimization

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Operational Research for Decision Optimization

Instructor: EDUCBA

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Gain insight into a topic and learn the fundamentals.
1 week to complete
at 10 hours a week
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Gain insight into a topic and learn the fundamentals.
1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Apply Operational Research methods to solve optimization and decision problems.

  • Analyze transportation, assignment, and project scheduling using OR techniques.

  • Evaluate system efficiency using queuing models, CPM, PERT, and decision trees.

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Recently updated!

May 2026

Assessments

23 assignments

Taught in English

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This course is part of the Financial Analytics & Decision Science Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 6 modules in this course

Master Operational Research techniques to solve complex business problems, optimize resources, and make smarter data-driven decisions. Learn assignment models, transportation methods, CPM, PERT, decision trees, and queuing theory through practical examples.

This course gives you a structured pathway into Operational Research and its real-world applications in management, logistics, project planning, and service operations. You’ll learn how quantitative models help organizations allocate resources, reduce inefficiencies, evaluate alternatives, and improve operational performance. We’ll explore practical optimization techniques such as the Hungarian Method for assignment problems, Vogel’s Approximation Method and MODI for transportation problems, and network planning tools like Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT). These methods help learners solve scheduling, distribution, and resource planning challenges with confidence. You’ll also study decision analysis tools including payoff tables and decision trees to evaluate choices under risk and uncertainty. The course further introduces queuing theory models to analyze waiting lines, service rates, system utilization, and customer flow in service environments. By the end of the course, you’ll be able to apply Operational Research techniques to real business scenarios, optimize decisions, improve efficiency, and support analytical problem-solving across operations, logistics, projects, and management contexts.

This module introduces the fundamental concepts of Operational Research and explains how quantitative methods are used to solve managerial decision problems. Learners explore the structure of assignment problems and understand techniques for solving balanced and unbalanced minimization cases through practical examples.

What's included

9 videos4 assignments

9 videosTotal 61 minutes
  • Course Structure of Operational Research6 minutes
  • Introduction to Operational Research3 minutes
  • Introduction to Assignment Problem6 minutes
  • Application and Method of Solving Assignment Problem10 minutes
  • Practical Problem of Minimization & Balanced sum Example Setup7 minutes
  • Practical Problem of Minimization & Balanced sum Solution Process7 minutes
  • Practical Problem of Maximization Sum Example Setup7 minutes
  • Practical Problem of Maximization Sum Solution Process7 minutes
  • Final Solution of Maximization Sum8 minutes
4 assignmentsTotal 60 minutes
  • Graded - Foundations of Operational Research30 minutes
  • Course Overview and OR Fundamentals10 minutes
  • Methods for Solving Assignment Problems10 minutes
  • Balanced and Unbalanced Assignment Solutions10 minutes

This module expands assignment problem concepts by introducing maximization scenarios and converting them into solvable minimization models. It also introduces the transportation problem and explains foundational distribution models used to optimize the movement of goods from sources to destinations.

What's included

9 videos4 assignments

9 videosTotal 71 minutes
  • Final Solution of Minimization & Balanced Sum & Copy9 minutes
  • Practical Problem of Minimization & Unbalanced Sum Example Setup5 minutes
  • Practical Problem of Minimization & Unbalanced Sum Solution Process8 minutes
  • Introduction to Transportation Problem6 minutes
  • Steps and Methods of Transportation Problem5 minutes
  • Understanding the Initial Basic Solution Methods8 minutes
  • Practical Problem of Least Cost Method10 minutes
  • Practical Problem of North West Corner Method11 minutes
  • Practical Problem of Vogel’s Approximation Method Example Setup9 minutes
4 assignmentsTotal 60 minutes
  • Graded - Advanced Assignment Problem Techniques30 minutes
  • Maximization Assignment Problems10 minutes
  • Introduction to Transportation Models10 minutes
  • Initial Transportation Solution Methods10 minutes

This module focuses on advanced transportation optimization techniques used to improve distribution efficiency. Learners explore Vogel’s Approximation Method and the MODI method to evaluate and refine transportation solutions, followed by an introduction to project network analysis concepts.

What's included

9 videos4 assignments

9 videosTotal 61 minutes
  • Practical Problem of Vogel’s Approximation Method Solution Process4 minutes
  • Another sum of Vogel&s Approximation Method7 minutes
  • Understanding the application of MODI Method5 minutes
  • Practical Sum of Optimality Test Example Setup8 minutes
  • Practical Sum of Optimality Test Solution Process5 minutes
  • Final Solution of Optimality Test10 minutes
  • Introduction to Project Network Analysis10 minutes
  • Components of Project Network Activity Relationships7 minutes
  • Components of Project Network Network Construction6 minutes
4 assignmentsTotal 60 minutes
  • Graded - Transportation Optimization Methods30 minutes
  • Vogel’s Approximation Method in Practice10 minutes
  • Optimality Testing Techniques10 minutes
  • Introduction to Project Network Analysis10 minutes

This module introduces project management optimization techniques using network models. Learners examine Critical Path Method (CPM) and Program Evaluation and Review Technique (PERT) to schedule projects, estimate activity durations, and analyze project completion timelines under uncertainty.

What's included

9 videos4 assignments

9 videosTotal 71 minutes
  • Learning of Critical Path Analysis11 minutes
  • Practical Sum of CPM Example Setup7 minutes
  • Practical Sum of CPM Solution Process7 minutes
  • Final Solution of CPM11 minutes
  • Learning of Program Evaluation and Review Technique5 minutes
  • Practical Sum of PERT Example Setup6 minutes
  • Practical Sum of PERT Solution Process8 minutes
  • Final Solution of PERT11 minutes
  • Introduction to Decision Theory6 minutes
4 assignmentsTotal 60 minutes
  • Graded - Project Scheduling and Network Planning30 minutes
  • Critical Path Method Fundamentals10 minutes
  • Solving CPM Problems10 minutes
  • Introduction to PERT10 minutes

This module introduces decision-making frameworks used in Operational Research. Learners explore decision theory, payoff tables, and decision trees to evaluate alternatives and determine optimal strategies under conditions of risk and uncertainty.

What's included

9 videos4 assignments

9 videosTotal 72 minutes
  • Understanding the practical problem of decision theory9 minutes
  • Practical Sum of Decision Theory12 minutes
  • Understanding of Decision Tree Concept Explanation8 minutes
  • Understanding of Decision Tree Example Analysis6 minutes
  • Practical Sum of Decision Tree Example Setup7 minutes
  • Practical Sum of Decision Tree Solution Process6 minutes
  • Learning about Queuing Theory10 minutes
  • Characteristics of Queuing Theory Basic Concepts7 minutes
  • Characteristics of Queuing Theory Queue Components6 minutes
4 assignmentsTotal 60 minutes
  • Graded - Decision Analysis Techniques30 minutes
  • Decision Theory Fundamentals10 minutes
  • Decision Tree Analysis10 minutes
  • Introduction to Queuing Systems10 minutes

This module explores service system optimization using queuing theory models. Learners study single-server and multi-server queue systems to analyze customer arrival patterns, service rates, waiting times, and system utilization for improved service efficiency.

What's included

7 videos3 assignments

7 videosTotal 42 minutes
  • Practical Sum of Single Server Model9 minutes
  • Final Solution of Single Server Model Calculation Steps6 minutes
  • Final Solution of Single Server Model Final Results5 minutes
  • Practical Sum of Multiple Server Model Example Setup6 minutes
  • Practical Sum of Multiple Server Model Solution Process4 minutes
  • Final Solution of Multiple Server Model Calculation Steps5 minutes
  • Final Solution of Multiple Server Model Final Results7 minutes
3 assignmentsTotal 50 minutes
  • Graded - Queuing Theory Models30 minutes
  • Single Server Queue Models10 minutes
  • Multiple Server Queue Models10 minutes

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Instructor

EDUCBA
1,663 Courses338,914 learners

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