Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so followings information are needed:

a. Decision Maker

b. Objectives

c. Controllable Variables

d. How do uncontrollable variables affect the possible solution?

e. Constraints or restrictions on the variable

f. Alternative course of action

g. Measurements of effectiveness

Posted Date: 3/21/2013 3:47:39 AM | Location : United States

Ask an Expert

Related Discussions:- Operations research approach to problem solving, Assignment Help, Ask Question on Operations research approach to problem solving, Get Answer, Expert's Help, Operations research approach to problem solving Discussions

Write discussion on Operations research approach to problem solving
Your posts are moderated

Write your message here..

Related Questions

Area under standard normal curve, Area under Standard Normal Curve The... Area under Standard Normal Curve The graph  of the  standard  normal  curve y = p(z) with  different percentages areas is  shown here. Since p(z) is  a probability  distributi

Or, .A paper mill produces two grades of paper viz., X and Y. Because of ra... .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

MINIMIZATION., Consider the LP min ?? = 50??1 + 100??2 3 ??.??. 7??1+2??2=2... Consider the LP min ?? = 50??1 + 100??2 3 ??.??. 7??1+2??2=28 2??1+12??2=24 ??1,??2=0 a. A basic solution of the constraint equations of this problem has how many basic variables,

Game theory, if there were n workers and n jobs there would be if there were n workers and n jobs there would be

MB0048, A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF... 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

Inventory control of any company, give real data & find out the inventory &... give real data & find out the inventory & give suggestions

One, Edwards Life Sciences is trying to decide if it should sell a new type... Edwards Life Sciences is trying to decide if it should sell a new type of medical product. Fixed costs associated to the production of the product are estimated to be $30,000. Th

Performance analysis of video call using skype, Description      Skype i... Description      Skype is currently the most popular VoIP software in the world. Existing research has indicated that Skype can provide better voice/video quality in adverse net

Unit 8, undertake the proposed research investigation in accordance with th... undertake the proposed research investigation in accordance with the agreed specification and procedures

Transportation and assignment problem, What are the computer applications o... What are the computer applications of transportation and assignment problem