Quantitative Techniques in Construction Management 3 2 0 4 PURPOSE To bring about an exposure to quantitative techniques applied to construction in dustry INSTRUCTIONAL OBJECTIVES

To review the basics of Optimization principles To study the optimization techniques and simulation of models To apply the concepts studied under 1 and 2 above to inventory, scheduling and o ther related problems Introduction to Operations research-Linear programming-Graphical and Simplex Met hods,Duality and Post-Optimality Analysis-Transportation and Assignment Problems Inventory control,EOQ,Quantity Discounts,Safety Stock-Replacement Theory-PERT an d CPM-Simulation Models-Quality Control Working Capital Management-Compound Interest and Present Value methods-Discounte d Cash Flow Techniques-Capital Budgeting Decision Theory-Decision Rules-Decision making under conditions of certainity,ri sk and uncertainity-Decision trees-Utility Theory Cost concepts-Break-even -Analysis-Pricing techniques-Game Theory applications Reference Books Vohra, N.D. " Quantitative Techniques in Management ", Tata McGraw Hill Co., Ltd , New Delhi, 1990 Seehroeder, R.G., " Operations Management ", McGraw Hill, USA, 1982 Levin, R.I, Rubin, D.S., and Stinsonm J., " Quantitative Approaches to Managemen t" McGraw Hill Book Co., 1988 Frank Harrison, E., " The Managerial Decision Making Process ", Houghton Miffin Co.Boston, 1975 Varshney, R.L. and Maheswari, K.L., " Managerial Economics ", Sultan Chand, 1975