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cumulative discount factor
Operation research makes no allowance for intangible factors such as skill attitude vigor of the management people in taking decisions but in many instances success or fail
methodology of operation research
An operation is a combination of different actions dealing with raw materials( e, g, men and machines) which form a structure from which an action with regard to broader ob
Word problems based on formulation of linear programming problems. 2. A manufacturer produces nuts and bolts for industrial machinery. It takes 1 hour of work on machine 1 an
. 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
meaning,significance of operations research in bussiness management?
Consider a queueing system with 1 counter, to which groups of customers arrive according to a Poisson proces with intensity l. The size of a group is 1 with probability p and 2 wit
scope of operation research
Panel Sampling Here the initial samples are down on random basis and information from these is collected on regular basis. Itis semi permanent sample where members may
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