Checking date: 19/04/2019


Course: 2019/2020

Mathematical Optimization for Business
(17674)
Bachelor in Management and Technology (2020 Study Plan) (Plan: 393 - Estudio: 351)


Coordinating teacher: NIÑO MORA, JOSE

Department assigned to the subject: Statistics Department

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Description of contents: programme
1. Linear optimization - Formulation of linear optimization models: decision variables, objective and constraints. - Applications to the optimization of business decisions. - Graphical solution and optimality of vertex solutions. - Duality, optimality test and sensitivity analysis: interpretation and applications. - Software-based numerical solution. 2. Integer optimization - Formulation of integer optimization models. - Applications to the optimization of business decisions. - Linear relaxations. Bounding the optimality gap of a feasible solution. Optimality test. - The Branch & Bound method and software-based numerical solution. 3. Unconstrained nonlinear optimization - Formulation of unconstrained nonlinear optimization models. - Applications to the optimization of business decisions. - Local and global optimality conditions. - Software-based numerical solution. 4. Equality-constrained nonlinear optimization - Formulation of equality-constrained nonlinear optimization models. - Applications to the optimization of business decisions. - Local and global optimality conditions via Lagrange multipliers. - Software-based numerical solution. 5. Inequality-constrained nonlinear optimization - Formulation of inequality-constrained nonlinear optimization models. - Applications to the optimization of business decisions. - Local and global optimality conditions via Karush-Kuhn-Tucker multipliers. - Software-based numerical solution.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40

Basic Bibliography
  • F.S. Hillier, G.J. Lieberman. Introduction to operations research. McGraw-Hill.
  • H.A. Taha. Operations research : an introduction. Prentice Hall.

The course syllabus may change due academic events or other reasons.