Universität Wien

040894 PR KFK PM/SCM/TL: Practical Course LP-Modeling I (2011S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

please check the course'>http://prolog.univie.ac.at/teaching/LVAs/LP-PR/SS11/PartI/">course webpage for up-to-date information

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 20 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Thursday 03.03. 08:30 - 12:00 EDV-Labor 3
Thursday 10.03. 08:30 - 12:00 EDV-Labor 3
Thursday 17.03. 08:30 - 12:00 EDV-Labor 3
Thursday 24.03. 08:30 - 12:00 EDV-Labor 3
Thursday 31.03. 08:30 - 12:00 EDV-Labor 3
Thursday 07.04. 08:30 - 12:00 EDV-Labor 3
Thursday 14.04. 08:30 - 12:00 EDV-Labor 3
Friday 15.04. 08:00 - 12:00 EDV-Labor 3
Thursday 05.05. 08:30 - 12:00 EDV-Labor 3
Tuesday 28.06. 10:30 - 17:00 Hörsaal 13 Fakultätslounge

Information

Aims, contents and method of the course

* Linear Programming
* Introduction to XPress-MP
* Simplex Method (brief repetition)
* Sensitivity Analysis & its economic interpretation
* Advanced Modelling Techniques

Assessment and permitted materials

In order to pass the course you’ll need to complete the following tasks:

* [30%] final exam - part I (theoretical stuff, written, individually, closed-book)
* [30%] final exam - part II (practical stuff, computer-based, individually, closed-book)
* [40%] homeworks (theoretical and practical in nature, Kreuzerlliste - for details see below)
o at least 50% of all assigned homeworks need to be prepared
o you will be picked randomly in order to present your homework at the beginning of class
o in case you fail to explain what you were supposed to prepare I'll consider this as an act of cheating ("Erschleichung von Teilleistungen")
o no hand-ins before or after class. no exceptions.
* in order to pass the course you need to
o prepare at least 50% of all assigned homework examples
o achieve at least 50% on both exams (cumulative)

Minimum requirements and assessment criteria

The purpose of this course is to introduce students to mathematical programming which is extensively used in production and logistical management. In this course we will cover linear programming and prototype applications. Special emphasis will be given to linear programming modeling and its economic interpretation (duality theorem, complementary slackness, sensitivity analysis, etc.), and solving optimization methods using computers.
Students are expected to already know how to deal with Excel¿s optimization module to solve LP problems numerically, but later a state-of-the-art computer software, XPress-MP, will be introduced. Excel is fine for solving structurally simple and small scale problems, but for large scale and complex problems XPress is incomparable convenient. Therefore students are expected to be fluent in XPress by the end of this course.

Examination topics

Students will learn how to develop linear models and implement them using XpressMP

Reading list

* Class Notes (electronic copies will be made available online)
* Applications of optimization with Xpress-MP, by Christelle Guéret, Christian Prins & Marc Sevaux
* An Introduction to Management Science (quantitative approaches to decision making), by Anderson and Sweeney
* Operations Research, by Hillier and Liebermann

Association in the course directory

Last modified: Mo 07.09.2020 15:29