Complete decision making process , Operation Research

Assignment Help:

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.

Related Discussions:- Complete decision making process

Optimization , A company uses 4 pounds of resource 1 to make each unit of X...

A company uses 4 pounds of resource 1 to make each unit of X1 and 3 pounds of resource 1 to make each unit of X2. There are only 150 pounds of resource 1 available. Which of the fo

Principles of report writing, Principles of Report Writing Reports wri...

Principles of Report Writing Reports writing may involve the followings principles . a. Easy to Follow : The body of the report should be written in a self evident and

Operation research, A Company produces 150 cars. But the production rate va...

A Company produces 150 cars. But the production rate varies with the distribution. Production Rate Probability 147 0.05 148 0.10 149 0.15 150 0.20 151 0.30 152 0.15 153 0.05 At pre

Ap problem, Ask question A Company produces 150 cars. But the production ra...

Ask question A Company produces 150 cars. But the production rate varies with the distribution. Production Rate Probability 147 0.05 148 0.10 149 0.15 150 0.20 151 0.30 152 0.15 15

Data and information, Data and Information: The term "data" (plural fo...

Data and Information: The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or t

Applicattion of operation reserach, applications of operation research

applications of operation research

Pay-off matrix , In a rectangular game, pay-off matrix of player A is as fo...

In a rectangular game, pay-off matrix of player A is as follows: Player B B1 B2 Player A A1 A2 i) Solve the game. ii) Write down the pay-off matrix of B and th

Simulation models - operation research model, These models are used to dev...

These models are used to develop a method to evaluate the merit of alternative courses or action by representing with a mathematical model of the problems where various variab

Vogel''s approximation method, I''m getting a negative value in the one of ...

I''m getting a negative value in the one of the Supply/Stock columns while solving a problem in Vogel''s approximation method. Is it possible or am I doing anything wrong?

Sample size in non propbability- sampling decisions, Sample Size in Non Pro...

Sample Size in Non Propbability The probability selection does not apply to purposive selection. The size of the non probability samples is selected in a subjective ma

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages