Operations research approach to problem solving, Operation Research

Assignment Help:

Formulation of the Problem: Before proceeding to find the solution of a problem, first of all a manager should be competent enough to form an appropriate model. To do so followings information are needed:

a. Decision Maker

b. Objectives

c. Controllable Variables

d. How do uncontrollable variables affect the possible solution?

e. Constraints or restrictions on the variable

f. Alternative course of action

g. Measurements of effectiveness


Related Discussions:- Operations research approach to problem solving

Decision making - operation research, Decision making is not only the h...

Decision making is not only the headache of management rather all of us make decisions. We daily decide about minor issues. The essential characteristics of all decisions

Linear programming problems, A paper mill produces two grades of paper viz....

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

Describe the objectives of tax planning, Question 1 Describe the obje...

Question 1 Describe the objectives of tax planning. Explain the factors to be considered in tax planning. Question 2 Describe the categories in Capital assets. Mr.

LPP Sum, A paper mill produces two grades of paper viz., X and Y. Because o...

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

Jaguar, how jaguar implements aggregate planning?

how jaguar implements aggregate planning?

Inherent limitation concerning mathematical expressions, Operation reac Inv...

Operation reac Involves the use of mathematical models, equations and similar other mathematical expressions. Assumptions are always incorporated in the derivation of an equa

Research abstracts, Research Abstracts Abstracts of researches comp...

Research Abstracts Abstracts of researches completed are available from the followings publications: a. ICSSR Research Abstracts: contain abstracts of research projects

Word problems based on formulation of linear programming, Word problems bas...

Word problems based on formulation of linear programming problems. 2.   A manufacturer produces nuts and bolts for industrial machinery. It takes 1 hour of work on machine 1 an

Concept and need for information, CONCEPT AND NEED FOR INFORMATION: W...

CONCEPT AND NEED FOR INFORMATION: We shall look at the meaning, of information as also the meaning of other related words such as data, facts, intelligence, advice, knowledge

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