- Introduction
- Lecture 2
- Lecture 3
- Lecture 4
- Lecture 5
What you'll learn
- You will learn simple techniques of Job Sequencing and the basics of Game Theory
Description
This course was designed to meet the requirements of the BMS course of Mumbai University, India. Basic modules in Sequencing Models and Game Theory, will be introduced here. Sequencing will comprise of 2 machine, ‘n’ jobs case and 3 machines, ‘n’ jobs case. In a two machine sequencing case the algorithm is quite simple and straight forward. The simple algorithm can be extended to a three or four or more machines case, subject to certain terms and conditions. For example in a 3 machine case, the maximum processing time for an item on the middle machine must be less than or at most equal to the lowest processing time on the first or the third machine or both. If this condition is not satisfied, there is no option but to solve the problem by enumeration, that is by working out all possible alternatives manually. This can be a mammoth job since even in a simple 5 job scenario, there would be 5! or 120 ways to enumeration. The moment you take up a 7 job case, the number of ways it can be scheduled becomes more than 5000. The algorithm can be extended in simple cases which meet the above requirements. In Game Theory, basically the language of game theory will be introduced to the student. Terms such as zero-sum, two-person, saddle point, pay-offs etc will be introduced. To take the understanding further, I have put up two free courses on udemy. In those courses, solution of a game using Linear Programming is also covered. While of the subject of game theory, the principle of Dominance is also introduced. Games without saddle point will however be excluded from the purview of this chapter.
About the instructors
- 4.71 Calificación
- 10242 Estudiantes
- 8 Cursos
Madhusudan Sohani
Operations Research- video courses
Having completed a Master's degree in Physics, and an MBA in Financial Management, I worked in the industry from 1977 to 2002. My work experience is mainly related to the financial appraisal of industrial projects. Simultaneously while working, I was teaching when time permitted to satisfy my passion for teaching. From 2003 onward till date, I have become a full-time teacher. I have taught students from several disciplines like Executive Programmes for Corporates, Chartered Accountants, Engineering Graduates, Management Accountants, MBAs, CPAs, Engineers, and Bachelor of Management Studies. After spending years in classroom teaching, I thought it was time to get acquainted with a larger platform like Udemy. I was surprised that no course was available on Udemy on the subject of ‘Operations Research’ (OR). I probably became the first faculty member all over the world to teach OR on Udemy. As I rewrite this in September 2022, after the pandemic, in my third year on Udemy, I have got more than 13400 registrations from 8600 students, from 133 countries for my seven courses. Six of the courses are on the subject of OR, and one is on the matter of investments for students in India. I hope you get a great learning experience by undertaking my courses. If you have any difficulty or face some imponderables, do write to me using the Udemy platform. I will reply to your query within 48 hours. Best wishes for your academic pursuits!
Student feedback
Course Rating
Reviews
Great insights! Easy to understand. Sir has made it super coherent.
It is a really good course for beginners interested in Game Theory.
simple and good
Excellent
It was good for quick brush-up of already learned concepts.