Maximum 3200-3500 words, exclusive of references and appendixes.
This assignment requires applying quantitative techniques discussed in this course in a real company based in SINGAPORE.
Choose any of the suggested topics below:
1) Linear programming
2) Sensitivity analysis
3) Network models
4) Integer programming
5) Project management
6) Waiting line models
8) Decision Theory
Please work on any topics discussed above but you need to address the following areas when writing the report:
Required to apply your knowledge on optimisation in real and practical environment. For doing so you need to find a real company and then decide what technique you are going to apply in the company based on their issues. Having an initial discussion with the company will help you choose the appropriate technique. PROVIDE BACKGROUND INFORMATION of the company including size, business type, areas of operations, competitors etc.
You are required to PROVIDE DISCUSSION ABOUT THE CHOSEN TOPIC. For example, if you choose LP modeling in an manufacturing company you need to first explain 1) explain about LP modelling, 2) justify why you choose LP for the company and why not the other technique, 3) what are the advantage of LP compared to other methods.
Then you are required to COLLECT REAL DATA FOR THE CHOSEN TOPIC AND SHOW THE CURRENT STATUS OF THE COMPANY IN THE CHOSEN TOPIC. For example, if your topic is TRANSPORTATION, 1) discuss about the nodes, 2) cost of transportation per unit, 3) function for total transportation cost, 3) all the constraints, 4) complete mathematical model, 5) input and output data for Excel, 6) optimal solution etc.
After analyzing the current situation, you need to PROVIDE THE SOLUTION TO IMPROVE THE PERFORMANCE AND EFFICIENCY OF THE OPERATIONS IN THE COMPANY(e.g. How to reduce the total transportation cost). 1) Analyse the data explaining the process and where is the data coming from and what does it represent. 2) A clear step-by-step instruction that can be understood by an individual with no previous Excel experience.
SUGGESTED STRUCTURE OF THE REPORT: