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Quantitative Management: Network Modelling

Course Status: Released
Course Language: English
Course Duration: 5 Hours
Deployment Options: Online, Interactive CDs, Network, Downloads, Intranet

Audience
Analysts and business decision makers seeking competency in the area of quantitative management
Prerequisites
A general understanding of information systems and management principles, along with a grounding in calculus and algebra
Course Aim
To show how to use linear programming for network modelling in order to solve a range of network problems
Learning Objectives
Explain network modeling.
Formulate an LP model for a generalized network flow problem.
Interpret the LINDO and spreadsheet solutions.
Formulate an LP model for a shortest path problem.
Show the spreadsheet formulation for the model.
Formulate an LP model for an assignment problem.
Topics Covered
Network Flow Problems
- Introduction to network modeling
- General and LINDO formulation
- Spreadsheet formulation
- Solutions and interpretation
Shortest Path Problem
- General and LINDO formulation
- Spreadsheet formulation
- Solutions and interpretation
Assignment Problem
- General and LINDO formulation
- Spreadsheet formulation
- Solutions and interpretation
- Variations
Maximal Flow Problem
- General and LINDO formulation
- Spreadsheet formulation
- Solutions and interpretation
Transshipment
- Model characteristics
- Hands-on: Formulating a problem
- Hands-on: Spreadsheet formulation
- Hands-on: Interpreting a solution