Determination of effectiveness measures, Operation Research

Assignment Help:

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.


Related Discussions:- Determination of effectiveness measures

Integer programming, An integer programming problem is identical to a linea...

An integer programming problem is identical to a linear programming problem except that one or more decision variables are constrained to take integer values. Such problems cannot

Decision theory, the following table gives place under different states of ...

the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B

Examine the future sustainability of business, In your role as a Consultant...

In your role as a Consultant to a renowned organisation or institution, you have been asked to design and submit a research proposal to examine the future sustainability of its bus

Explain briefly the term sensitivity analysis, Question: (a) A company...

Question: (a) A company sells three different products X, Y and Z. The company makes a profit of Rs. 35, Rs. 50 and Rs. 60 per unit on products X, Y and Z respectively. The th

Study the case and provide an alternative compensati, #queStudy the case an...

#queStudy the case and provide an alternative compensation design, which would redress the problem faced by the two- wheeler major in Chennai.stion..

Prepare an executive level financial report, Research Project I will as...

Research Project I will assign a project for your class. The following description is an example of such a project. I may select the following company, may select a different c

HOMEWORK, A company uses 4 pounds of resource 1 to make each unit of X1 and...

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

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

Model, Importance of models

Importance of models

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd