Determination of effectiveness measures, Operation Research

Determination of effectiveness Measures: Effectiveness measure is a measure of success of a model in representing a problem and providing a solution. It is the connecting link between the objectives and the analysis required for corrective action. It tests the success of a solution and determines if there is need for improving the method of attack or even of altering the solution.

Formulation of the problem Relative to the Objective: Since every operation is study with problems, the operations analyst must determine the type of problems its origin and causes. Problem are of many types.

a. Remedial type with its origin in actual or threatened accidents for example airplane crashes job performance hazards.

b. Optimization types for example performing a job more efficiently.

c. Transference type consisting of applying the new advances improvements and inventions in one field to other fields.

d. Prediction type for example forecasting the problems associated with future developments. And inventories.

Posted Date: 3/20/2013 3:47:02 AM | Location : United States







Related Discussions:- Determination of effectiveness measures, Assignment Help, Ask Question on Determination of effectiveness measures, Get Answer, Expert's Help, Determination of effectiveness measures Discussions

Write discussion on Determination of effectiveness measures
Your posts are moderated
Related Questions
discuss applications and scope of operations research in diverse areas.

This is a  procedure of determining  the potential if any for improving each  of the non basic variables in terms of the objective function. To determine  this  potential  each of

Question : Suppose that you want to invest $10000 in the stock market by buying shares in one of two companies: A and B. Shares in Company A are risky but could yield a 50% ret

Question: (a) Discuss briefly the four basic components of any queueing system. (b) Explain what you understand by the following models: (i) (M| M | 1 : N | FCFS) (ii

What are the basic 5 elements of modeling process

DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT

current economic situation

1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in

minimization

ABC Bank faces a decision to hire two clerks or lease two automatic teller machines. Service rates of clerk 1 and clerk 2 are 41 customers per hour and 36 customers per hour respec