Operations Research and Statistics are disciplines that are concerned with the application of quantitative methods to making better decisions and analytically trying to obtain optimal solutions to complex decision making problems. They also provide an understanding of relationships between various factors that impact decisions.
Operations Research and Statistics major is designed for students who want to provide themselves with the analytical and statistical skills that are necessary for success in industry, business or in the public sector. Applications of Operations Research and Statistics or management science as it is referred to in business schools are found in every domain of enquiry and life – from business to engineering to medicine to defence to social sciences and even in evolution, biology, public health and climate change. Students in this major will learn to model complex unstructured problems, build an understanding and expertise in methods to derive solutions, and then use them in applications of managerial situations and elsewhere. Course work for the major would include learning about data science, deterministic and stochastic optimization, simulation, models and methods of queueing and networks, statistical modelling and their applications in marketing, finance, manufacturing, supply chains etc. Case studies and experiential projects are the mechanisms through which models and methods will be applied.
On completion of this major, the student will be able to:
Students who pursue this major will be able to pursue careers as management science professionals, business analysts or as a statistician in various business management disciplines including marketing, finance, human resources, supply chain and operations functions. Graduates find positions in various industries including IT and Consulting sectors. This major opens up opportunities for graduate education in a variety of quantitative fields.
| Offered by | Amrut Mody School of Management |
| Programme | Bachelor of Science in Management (Honours) |
| Degree | Bachelor of Science in Management (Honours) |
| Minimum Programme Credits | 173 |
| Minimum Major Credits | 80 |
| Operations Research and Statistics is also offered as a MINOR | |
| Credits | |
|---|---|
| Foundation Programme (Three Studios) | 9 |
| First Year Seminar on Critical Thinking and Writing | 3 |
| Credits | |
|---|---|
| Humanities and Languages GER ETH201 Ethics |
3 |
| Social Sciences GER ECO110 Macroeconomics |
3 |
| Biological and Life Sciences GER | 3 |
| Mathematical and Physical Sciences GER CSD101 Data Science |
3 |
| Performing and Visual Arts GER | 3 |
| GER Elective 1: MGT111 Identity and Behavior | 3 |
| GER Elective 2: MAT133 Pre-calculus | 3 |
| GER Elective 3 | 3 |
| Communications GER COM101 Effective Reading and Comprehension Skills |
3 |
| Sports & Wellness GER | 3 |
| Major Requirements | Credits |
|---|---|
| School Core | 27 |
| MAT142 Introductory Calculus | 3 |
| TOD212 Decision Sciences | 3 |
| ECO110 Macroeconomics | 3 |
| STA101 Introductory Statistics | 3 |
| MGT112 Organisational Process | 3 |
| STA100 Probability | 3 |
| Course on Digital Technology | 3 |
| Course on Sustainability | 3 |
| Course 2 on Digital Technology/ Building Sustainable Businesses | 3 |
| Programme Core | 18 |
| MKT103 Marketing Management | 3 |
| MGT121 Human Capital Management | 3 |
| FAC133 Financial Management | 3 |
| FAC114 Financial Accounting | 3 |
| TOD221 Operations Management | 3 |
| MGT342 Competitive Strategy | 3 |
| Major Core | 9 |
| Optimisation | 2 |
| Stochastic Modeling | 3 |
| TOD301 / TOD503 Simulation Modelling | 3 |
| Major Electives | 26 |
| COM212/DGT212 Digital Humanities | 3 |
| COM506 Culture and Communication | 1.5 |
| COM594 Introduction to Negotiation | 1.5 |
| DES201 Strategic Branding and Package Design | 3 |
| DES203 Design Thinking and Problem Solving | 3 |
| ECO203 Experimental and Behavioral Economics | 3 |
| ECO503 Experimental and Behavioural Economics | 3 |
Free Electives provide flexibility to students to customise their education at the University.
All students will complete 30 hours of engagement with society to develop a sense of engagement, concern, build problem solving skills, and understand the role of an engaged member of a society. This will be done through a mandatory course, Engagement with Society, that would be a graduation requirement. This course can be taken anytime during the stay at the University but it is advised that the student engage with the courses during the first two years at the University. The 30 hours of volunteer work may be completed during one semester or during the Winter or Summer Break.