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Operation research is only a Tool of Analysis and Not the Complete Decision making Process: It should always be kept in mind that O. R alone cannot make the final decision . it is just a tool and simply suggests best alternatives but in the final analysis many business decisions will involve human element.
EXPLAIN THE OR TECHNIQUES
The demand of ice cream during the three summer months (June, July, and August) at All-Flavors Parlor is estimated at 500,600, and 400 20-gallon cartons, respectively. Two wholesal
1) Provide an overall description of the business and the competitive environment in which it operates. You should describe: a) what type of business it is (e.g. retail, manuf
MEAN DEVIATION Mean deviation of a series is the arithmetic average of the deviations of various items from the median or mean of that series. Median is preferred
How to solve linear programming problems using simplex method introducing slack variable,surplus variable and artificial variable
In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complica
Ask questb. A Company produces 150 cars. But the production rate varies with the distribution. Production Rate 147 148 149 150 151 152 153 Probability 0.05 0.10 0.15 0.20 0.30 0.15
Other Determinants of Sample Size 1. The variability of elements within the population has become a very important factor to decide the sample size. The more v
a)Draw a network for the project. b)Determine the critical path. Activity Duration Activity Duration 1-2 15 5-10 22 1-3 13 6-9 33 1-4 1
The Best Corporation is considering making either minor or major repairs to a malfunctioning production process. When the process is malfunctioning, the percentage of defective it
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