Module Handbook

  • Dynamischer Default-Fachbereich geändert auf WIW

Module WIW-BWL-MS2-M-1

Management Science II (M, 3.0 LP)

Module Identification

Module Number Module Name CP (Effort)
WIW-BWL-MS2-M-1 Management Science II 3.0 CP (90 h)
WIW-BWL-OPR2-M-2 Operations Research II 3.0 CP (90 h)

Basedata

CP, Effort 3.0 CP = 90 h
Position of the semester 1 Sem. in SuSe
Level [1] Bachelor (General)
Language [EN] English
Module Manager
Lecturers
Area of study [WIW-WIN] Business Information Systems and Operations Research
Reference course of study [WIW-82.21-SG#2009] B.Sc. Business Studies (2009) [2009]
Livecycle-State [NORM] Active

Notice

The modules Management Science I (WIW-BWL-MS1-M-1) and Management Science II (WIW-BWL-MS2-M-1) are the successor modules for the modules Operations Research I (WIW-BWL-OPR1-M-1) and Operations Research II (WIW-BWL-OPR2-M-2), respectively.

Courses

Type/SWS Course Number Title Choice in
Module-Part
Presence-Time /
Self-Study
SL SL is
required for exa.
PL CP Sem.
1V+1U WIW-BWL-MS2-K-2
Management Science II
P 30 h 60 h - - PL1 3.0 SuSe
  • About [WIW-BWL-MS2-K-2]: Title: "Management Science II"; Presence-Time: 30 h; Self-Study: 60 h

Examination achievement PL1

  • Form of examination: written exam (Klausur) (80 Min.)
  • Examination Frequency: each semester
  • Examination number: 32334 ("Management Science II")

Evaluation of grades

The grade of the module examination is also the module grade.


Contents

Lectures Management of Science 2:
  • Stochastic Processes
    • Queueing theory, Simulation of stochastic processes
  • Heuristics
    • Problem search methods (A*-Algorithm), local search methods, Simulated Annealing, Genetic Algorithms
  • Nonlinear Optimization
    • Unconstrained and constrained nonlinear problems and models, Convex optimization, Karush-Kuhn-Tucker-conditions, lagrangian method
    • Quadratic optimization (Wolfe’s Algorithm), approximation methods (Golden Section, Gradient Method),
    • Barrier methods, Penalty methods

Exercises of Management Science 2:

  • Applying the taught algorithms
  • Presenting assignments
  • Tutorials

Competencies / intended learning achievements

Successful completion of this module enables students to:
  • Understand the possible difficulties of a problem.
  • Discuss about the advantages and disadvantages of different algorithms.
  • Understand the algorithms and use them to solve problems.
  • Categorize optimization problems and their corresponding solution methods.
  • Modify the existing methods in order to adjust them for special structures.
  • Provide mathematical models for well-structured operational decision problems.
  • Create graphical representation of the problems.
  • Suggest new solutions and discuss about the quality of alternative solutions.

Literature

  • Hamdy A. Taha: Operations Research - An Introduction, 10 Aufl. (Global Edition), Pearson 2017.
  • Müller-Merbach: Operations Research - Methoden und Modelle der Optimalplanung, 3. Aufl., München: Vahlen 1973.

Slides with in-depth references for further reading will be made available.

Exercise materials will be provided.

Requirements for attendance of the module (informal)

None

Requirements for attendance of the module (formal)

None

References to Module / Module Number [WIW-BWL-MS2-M-1]

Course of Study Section Choice/Obligation
[WIW-82.21-SG#2009] B.Sc. Business Studies (2009) [2009] [Fundamentals] Basics in Management and Business Administration [WP] Compulsory Elective
[WIW-82.175-SG#2009] B.Sc. Business Administration and Engineering specialising in Environmental and Process Engineering (2009) [2009] [Fundamentals] Business and Management - Elective II [WP] Compulsory Elective
[WIW-82.176-SG#2009] B.Sc. Business Administration and Engineering specialising in Computer Science (2009) [2009] [Free Elective Area] Business and Management - Elective II [WP] Compulsory Elective
[WIW-82.177-SG#2009] B.Sc. Business Administration and Engineering specialising in Chemistry (2009) [2009] [Free Elective Area] Business and Management - Elective II [WP] Compulsory Elective
[WIW-82.178-SG#2009] B.Sc. Business Administration and Engineering specialising in Electrical Engineering (2009) [2009] [Free Elective Area] Business and Management - Elective II [WP] Compulsory Elective
[WIW-82.179-SG#2009] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering (2009) [2009] [Fundamentals] Business and Management - Elective II [WP] Compulsory Elective
[WIW-82.789-SG#2009] B.Sc. Business Studies with Technical Qualifications (2009) [2009] [Fundamentals] Basics in Management and Business Administration [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Studies (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Studies with Technical Qualifications (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Chemistry (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Electrical Engineering (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Computer Science (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Energy and Process Engineering (2021) [2021] [Core Modules (non specialised)] Profile area of Economic Sciences [WP] Compulsory Elective
[WIW-82.?-SG#2021] B.Sc. Business Administration and Engineering specialising in Mechanical Engineering (2021) [2021] [Core Modules (non specialised)] Profile Area of Economic Sciences [WP] Compulsory Elective
Module-Pool Name
[MV-MB-BWL-2022-MPOOL-4] Wahlplichtmodule Bachelor Maschinenbau mit BWL
[MV-MB-BWL-2022-MPOOL-6] Wahlplichtmodule Master Maschinenbau mit BWL
[MV-MBBWL-MPOOL-6] Wahlpflichtmodule Maschinenbau mit Betriebswirtschaftslehre

References to Module / Module Number [WIW-BWL-OPR2-M-2]

Course of Study Section Choice/Obligation
[CHE-82.B41-SG#2020] B.Sc. Chemistry with Focus Economics [2020] [Compulsory Elective Modules] Module der Wirtschaftswissenschaften (Wahlpflichtmodule) [WP] Compulsory Elective
[CHE-88.707-SG#2020] M.Sc. Business Chemistry [2020] [Compulsory Elective Modules] Grundmodule der Wirtschaftswissenschaften [WP] Compulsory Elective