1. Random variables, Conditional probability and Conditional expectation Review of probability basics; Baye‘s theorem; Computing probabilities and expectations by conditioning; Applications and examples 2. Markov chains State definition, transition probabilities; Chapman-Kolmogorov equation; Steady state probabilities Applications and examples 3. Continuous time Markov chains Birth-death processes; Limiting probabilities; Applications and examples 4. Renewal reward theory Renewal reward processes; Insurance ruin problem; Other applications and examples 5. Brownian motion process and financial option pricing Hitting times; Gambler‘s ruin problem; Geometric Brownian motion process; Pricing stock options
Introduction to Business Research: Scope of Business Research - Managerial Value of Business Research - Major Topics for Research in Business – Design of Inquiring Systems (based on the works of Leibnitz, Locke, Kant, Hegel, Singer) – Theory, Concepts, Propositions and Scientific Method. Business Research Tools: Types of Business Research - Stages in the Research Process - Problem discovery and definition - Planning the research design - Evaluating research designs - Ethical Issues in Business R
This course seeks to discuss key concepts and issues in the design, operation and management of supply chains. The course will have lecture sessions, tutorials and cases in Supply chain management related issues.1. Introduction to supply chain management 2. Sourcing strategy and vendor development 3. Supply chain design issues 4. Inventory management in supply chains 5. Distribution and logistics management 6. Global supply chain management 7. Role of IT in supply chain management 8. Performance
The course aims at introducing the students to various aspects of human resources management. The important functions of a human resources manager such as recruitment and selection processes interview methods, Performance appraisal, Training and development, disciplinary procedures, collective bargaining and employee welfare. The students will be exposed to the recent methods and trends in HRM with a few case studies in the context of globalisation.1. Strategic role of human resource management
This course aims at introducing concepts in Manufacturing Systems Management through examples, problems and case studies. The emphasis is more on recent trends and thinking in the design and operations of manufacturing systems such as Cellular Manufacturing, Flexible Manufacturing and Synchronous Manufacturing. The emphasis will be more on applying the concepts rather on the theory behind these concepts. The topics to be covered are: 1. Types of Manufacturing Systems 2. Cellular Manufacturing Systems - Issues in Design 3. Production Flow Analysis 4. Quantitative Algorithms for cellular manufacturing systems 5. Operator Allocation and planning issues 6. Product Ownership based design 7. Flexible Manufacturing systems - Design issues and algorithms 8. Synchronous Manufacturing – Concepts 9. Synchronous Manufacturing - Applications and extensions 10. Agile Manufacturing
The course aims to provide an understanding of investment decisions and working capital management. The process and issues involved in capital budgeting decisions, dividend policy decisions and working capital decisions are introduced to the students.
1. Preliminaries Introduction to Supply Chain Inventory Management. Mathematical Preliminaries: Convex sets and functions, convexity preserving transformations, Useful inequalities.2. Deterministic ModelsSingle-item, single-stage EOQ related models, Dynamic deterministic single-stage models, Multi-stage concepts and performance measures, Time-varying Demand Independent Items and Serial Systems.3. Stochastic ModelsSingle-item stochastic demand, Time-varying stochastic demand with linear order cos