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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 between the objectives and the analysis required for corrective action. It tests the success of a solution and determines if there is need for improving the method of attack or even of altering the solution.
Formulation of the problem Relative to the Objective: Since every operation is study with problems, the operations analyst must determine the type of problems its origin and causes. Problem are of many types.
a. Remedial type with its origin in actual or threatened accidents for example airplane crashes job performance hazards.
b. Optimization types for example performing a job more efficiently.
c. Transference type consisting of applying the new advances improvements and inventions in one field to other fields.
d. Prediction type for example forecasting the problems associated with future developments. And inventories.
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
This is a procedure of determining the potential if any for improving each of the non basic variables in terms of the objective function. To determine this potential each of
Problem 1 (Problem 23, page 507) At a machine tool plant, five jobs must be completed each day. The time it takes to do each job depends on the machine used to do the job. If a mac
applications
meaning,significance of operations research in bussiness management?
application&techniques
Chi Square Test Goodness of Fit Chi square test can be used to find out how well the theoretical distribution fit with the empirical distribution of observed distribut
a company produces 150 cars. but the production rate varies with the distribution.
Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?
Rank Methods Spearman s When the variables under consideration are not capable of quantitative measurement but can be arranged in serial order( ranks) we find correla
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