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Describe Operation Research and discuss its applications in various organizations.
A company assembles heavy duty refrigerators and uses two types of compressors A & B. Two compressors of ‘A' brand and one compressor of ‘B' brand are used in each type of refrigerator. These compressors are manufactured on two types of machines M1 & M2 Time for A on M, is 2 hours and on M2 it is 3 hours. For B it is 1.5 hours and 2.5 hours respectively. Total machine hours available for M1 per week are 400 and 475 for M2. Profit contribution by A&B are Rs.1500 and Rs. 1200 respectively formulate LP model of the problem.
Explain Decision Making Process. Decision Making Process: A good decision can only be prepared as a result of a rational decision making process. The different stages of the
process of operation research
Sequential Samplin The previous has shown that the sampling units were drawn prior to the drawing of the actual sample and has a fixed size. But the sequential sa
Secondary Periodicals: Secondary Periodicals Secondary periodicals are abstracting and indexing periodicals. They are also called documentation periodicals. They are a syst
Choose a publicly traded company (NYSE, AMX, or OTC) that interests you. If you don't know how to choose a company, think of IBM, DELL computer, Nike, Apple computer, GM, Ford, Nok
CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA
Consider a queueing system with 1 counter, to which groups of customers arrive according to a Poisson proces with intensity l. The size of a group is 1 with probability p and 2 wit
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
1. Determination to enter a new territories. 2. To decide to enter a new market or not. 3. To determine how much production capacity to be builds up. 4. Helpful in
Tied Ranks Equal or Repeated Rank When two or more items have equal values it is difficult to give ranks to them. In that case the items are given the average of the
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