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Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equation or model and such an equation or model may be correctly used for the solution of the business problems when the underlying assumptions and variables in the model are present in the convening problem, if this caution is not given due care then there always remains the possibility of wrong application of O . R. Techniques. Quite often the operation researchers have been accused of having many solutions without beings able to find problems that fit.
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
In this method variables beings studied are controlled by the investigator. In other the effect of one variable is observed while other relevant variables are held constant
General Rules a. Attractive Shapes The tables should be neat and attractive. The size of table should be neither too big nor small. b. Simplicity A table should b
USE SIMPLE METHOD TO SOLVE THE FOLLOWING LPP MAXIMISE Z=4X1+10X2 SUBJECT TO CONSTRAINS, 2X1+X2 2X1+5X2 2X1+3X2 X1, X2>0
In research methodology we not only discuss the research methods but also consider the logic behind the method we use in the context of our research study and explain wh
MAX: 150 X1 + 250 X2 Subject to: 2 X1 + 5 X2 = 200 - resource 1 3 X1 + 7 X2 = 175 - resource 2 X1, X2 = 0 2. How many units of resource 1 are cons
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
A paper mill produces two grades of paper viz., X and Y because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons ot grade Y paper in
In this project the main focus is conducted interview to educational experts. This interview is base on Delphi technique. This technique is used to attain experts' consensus on ele
The town of Silverton, Colorado, has three gasoline stations, Shell, Exxon, and Arco. Customer selection of service stations can be modeled as a Markov process, with the following
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