Operations in any organization are responsible for conversion of inputs into useful products or services and therefore, represent a basic function in any organization. The area of Quantitative Methods and Operations Management has an important role in developing analytical capabilities for effective decision making.
The faculty in this Area is a rich mix of academic and corporate experience which is so very necessary for providing holistic education in business management. Faculty members are involved in a variety of activities: education, research and training. Besides regular teaching, faculty provides training to business organizations through participation in Management Development Programs and also by offering open programs under the Area. The Area also offers a unique Certificate Course in Operations Management of three months duration for foreign students under the ITEC scheme of the Government of India. The faculty carries out high quality research which is regularly published in national as well as international journals and presented at conferences. Doctoral and Fellow programs too are being offered by the Area. A Center for Excellence has been set up to give a sharper focus to Manufacturing and Supply Chain Management. The area also an MOU with Project Management Associates who are the Indian representatives for the International Project Management Association, Netherlands, for providing Certification in Project Management to IMI students.
This Area combines subjects from two sub-areas, viz, Quantitative Methods and Operations Management. Both cores as well as elective subjects are offered. The subjects offered range from traditional ones like Statistics, Operations Research and Operations Management to the contemporary ones like Financial Econometrics, Six Sigma and Logistics and Supply Chain Management.