Operations research approach to problem solving, Operation Research

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







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#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