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These models are used when one must decide the optimal time to replace equipment for one reason or the other for instance, in the case of equipment whose efficiency deteriorates with time or fails immediately and completely. For example in case of an automobile the user has his own measure of effectiveness. So there will not be a single optimal answer for everyone even if each automobile gives exactly the service.
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
Scattered Responsibility and Authority: In a big industry responsibility and authority of decisions making is scattered throughout the organization and thus the organization.
Inventory models deal with the problem of determination of how much to order at a point in time and when to place an order. The main objective is to minimize the sum of three
how to solve operation research optimization questions
Data Management As your research project progresses you will quickly gather more and more data. These need to be managed in such a way that they can be accesses and
Regression Equations The regression equations express the regression line. As there are two regression lines so there are two regression equations. The regression equatio
Operations Research uses the methods of science to understand and explain the phenomena of operating systems. It devises the theories( models ) to explain these phenomena
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
Techniques of Observation Method Observation always involves some interaction between respondent and researcher in which researcher has an opportunity to watch respondent fu
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