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Goal Programming
This provides a more realistic model. In a modern setting, profit maximization may not be the only objective of a business concern. Other objectives or goals could be sound ecological management, networking in the neighborhood and maximizing market share. These goals may dominate the earlier objective.
The idea is that a decision maker may not always be searching for an optimal solution but a "satisfying" solution that attempts to satisfy the many concerns of the management. Prof. Herbert A. Simon felt that a manager may not be able to optimize but may have to "satisfy".
Simplex method requires one goal. The goals are weighted and a single objective function is constructed which is then optimized to solve a goal programming problem.
In this method variables beings studied are controlled by the investigator. In other the effect of one variable is observed while other relevant variables are held constant
Techniques of Observation Method Observation always involves some interaction between respondent and researcher in which researcher has an opportunity to watch respondent fu
Software House named as Harvester, got to increase the speed of service and I need to get 3000 words written
1 strategic implication of product and process decisions 2 process planning and design 3 work measurement
#questioA 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
3 In a rectangular game, pay-off matrix of player A is as follows:
assignment problem through c programming
Among other limitations of O. R the followings deserve mention: a. Basis: The operational researchers must be unbiased. An attempt to shoehorn result sin to a confirmation of ma
Describe Operation Research and discuss its applications in various organizations. A company assembles heavy duty refrigerators and uses two types of compressors A & B. Two comp
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
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