This course aims to give a comprehensive knowledge and understanding of the methods of operations research in problems of Management and Economics.

Businesses and organizations often face the problem of making business decisions to achieve a goal under endogenous or extrinsic constraints. Endogenous constraints include those relating on the one hand to the available resources of enterprises, such as labor, raw materials, and capital, and on the other hand to their policy and operating regulations. Correspondingly, external constraints include those relating to the demand for products or services of enterprises, competition, and the institutional framework for their operation. Operations Research techniques contribute to the systematic investigation of the behavior of businesses and organizations and to the provision of important information, which, along with data that are not incorporated into a quantitative model, help business executives and organizations make decisions that improve their effectiveness and performance. 

Upon successful completion of the course, the student will be able to:

1. Be able to express optimization problems with mathematical expressions 

2. Create templates that describe the problem.

3. Be able to solve linear programming problems using Excel.

4. Be able to use Decision Theory and Game Theory in business decision-making

Use network techniques to optimize the expected result.

eclass: https://eclass.uop.gr/courses/1063/