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A240A0020 Optimization in Business and Industry, 6 cr 
Code A240A0020  Validity 01.08.2019 -
Name Optimization in Business and Industry  Abbreviation Optimization in 
Credits6 cr   
TypeBasic studies  
ClassCourse   
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Business and Management 

Teachers
Name
Pasi Luukka 
Sirkku Parviainen 

Description by Study Guide
Note 

Location: Lappeenranta
Replaces the course CS38A0020 Optimization in Business and Industry.

This course is only for master's level students including exchange students.

 
Year 

M.Sc. (Econ. & Bus. Adm.) 1.

 
Period 

4

 
Teaching Language 

English

 
Teacher(s) in Charge 

Professor, D.Sc. (Tech.) Pasi Luukka,
Lecturer, Lic.Phil., Sirkku Parviainen

 
Aims 

By the end of the course student will be able to

- select/ employ mathematical models for various optimization problems

- use optimization software

- interpret information from optimization results

- understand the basic principles of different optimization algorithms for linear, mixed-integer linear, and nonlinear optimization

 
Contents 

Formulation of optimization models. Linear programming and mixed-integer linear programming, nonlinear optimization algorithms.
Solving optimization problems using Matlab Optimization Toolbox. Business and industry oriented practical examples, i.e. factory, warehouse, sales allocation models etc.

 
Teaching Methods 

Lectures 28 h, exercises 28 h, 4th period. Independent study 74 h, practical assignment 30 h. Written examination. Total workload 160 h.

 

 

 
Examination in Examination schedule (Yes/No) 

Yes

 
Examination in Moodle (Yes/No) 

No

 
Examination in Exam (Yes/No) 

No

 
Assessment scale and assessment methods 

0-5, examination 100 %

 
Course Materials 

Taha, H.A.: Operations Research an introduction, 8th edition, Pearson/Prentice-Hall, 2007.

Hillier, F.S., Lieberman, G.J.: Introduction to Operations Research, 8th edition, McGraw-Hill, 2004.

 
Prerequisites 

Experience in programming or using mathematical software required.
BM20A4301 Johdatus tekniseen laskentaan or BM20A5001 Principles of Technical Computing.

 
Number of exercise groups where enrollment is in WebOodi (Number/Leave empty) 

2

 
Places for exchange-students? (Yes, number/No) 

max 15

 
Places for Open University Students?(Yes, number/No) 

max 10

 


Current and upcoming courses
Functions Name Type cr Teacher Timing
  Optimization in Business and Industry  COURSE  Pasi Luukka,
Sirkku Parviainen 
02.03.20 -17.04.20 -

Upcoming exams
Functions Name Type cr Teacher Timing
Register Optimization in Business and Industry  EXAM  Pasi Luukka,
Sirkku Parviainen 
21.04.20tue 08.30-11.30