Operation research techniques, Operation Research

Assignment Help:

High Costs are Involved in the Use of O. R Techniques:

O. R techniques usually prove very expensive. Services of specialized persons are invariably called for ( and along with it the use of computer0 while using O. R. Techniques as such only big concerns can think of using such techniques. Even in big business organization se can expect that O. R techniques will continue to be of limited use simply because they are not in many cases worth their cost. As opposed to this a typical manager excursing intuition and judgment may be able to make a decision very inexpensively. Thus the use of O. R. Is a costlier affair and this constitutes an important limitation of O. R.


Related Discussions:- Operation research techniques

Yates correction for continuity for 2x 2tables , Yates Correction for Cont...

Yates Correction for Continuity for  2x 2Tables If any cell frequency in  2x 2 table isles  than 5thenfor the application of X 2 test it  is pooled with the preceding or suc

Operation reaserch, A paper mill produces two grades of paper viz., X and Y...

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

Closed loop, Write a note on tracing a closed loop. What are the characteri...

Write a note on tracing a closed loop. What are the characteristic features of a closed loop?

DECISION MODELS, CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY...

CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA

REGRESSION, regression line drawn as Y=C+1075x, when x was 2, and y was 239...

regression line drawn as Y=C+1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual

Determine the weekly demand and lead time, Family Application specialises i...

Family Application specialises in selling major appliances for use in kitchen remodelling.  One of its more popular items is the SubZero refrigerator.  Over the past 40 weeks, the

Important of demand forecasting, 1. Determination to enter a new territori...

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

Theoretical framework, Ask questiAvatars are virtual characters that can be...

Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as

Disadvantages of mode - measure of central tendency , Disadvantages of Mode...

Disadvantages of Mode a.It is  ill defined. b.It is  indefinite  and it is  some cases impossible  to find a definite  value. c.It is not based on all observation. So  i

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