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Operation research makes no allowance for intangible factors such as skill attitude vigor of the management people in taking decisions but in many instances success or failure hinges upon the consideration of such non measurable intangible factors. There cannot by any magic formula for getting an answer to management problems much depends upon proper managerial attitudes and policies.
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
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
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
A producer of furniture manufactures two products - tables and chairs. Processing of these products is done on two machines A and B. A chair needs 2 hours on machine A and 6 hours
The demand of ice cream during the three summer months (June, July, and August) at All-Flavors Parlor is estimated at 500,600, and 400 20-gallon cartons, respectively. Two wholesal
How to solve linear programming problems using simplex method introducing slack variable,surplus variable and artificial variable
how does it work
Case Study - Research Design RJR Nabisco Ever since the health aspects of smoking became a public issue shortly after world war II the tobacco industry knew there
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 of grade Y paper i
What Is operation Research
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