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In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complicated fashion. There is thus great uncertainty about the outcome of interaction of factors like technological environmental competitive etc. For instance consider a factory production schedule which has to take into account.
a. Customer demand.
b. Requirements of raw materials.
c. Equipment capacity and possibility of equipment failure and
d. Restrictions on manufacturing process
SIMO Chart Flow Diagram The flow diagram is a drawing indicating the paths of men materials or components on a scale plan of the work area, department or factory.
3 In a rectangular game, pay-off matrix of player A is as follows:
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
Operation research is only a Tool of Analysis and Not the Complete Decision making Process: It should always be kept in mind that O. R alone cannot make the final decision . it
rectangular game
Inability of NIH, FDA, to Identify Conflict of Interest While federal regulations require that researchers receiving NIH grants remain free of financial conflicts of interest,
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
Analysis of Available Information and Verification of Hypothesis: most of the time that a scientist spends in training is devoted to learning how to analyze and int
a question was given but i cannot identify the alternatives and i do not know how to calculate the right amount of payoff.what are the right ways to calculate the payoff table.
North West Corner Rule for Initial Solution: Now by applying North West corner rule we can initial solution. According to this rule without regard to cost consideration the
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