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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
Maximize6x1+8x2+5x3,st,labour3x1+4x2+5x3 =0 then brefly explain x1,x2,x3;term labour,metal&plastic;the160hours;x1,x2&x3>=0
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
Preparation of visual Aids ,Handouts and Feedback Forms It is always better to prepare visual aids much in advance of the presentation. Leaving them for the last mo
DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT
Steps of Research Process The steps of research process have already been discussed in theory. Here we shall outline the procedure of conducting the research. i) Formulate t
WOULD YOU RECOMMEND FOCUS GROUPS OR SOME OTHER RESEARCH DESIGN IN THIS SITUATION
This is determined by disposable personal income( personal income minus direct taxes and other deductions ). Some people suggest the use of discretionary income in place of
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
Merits a.It is simple to understand and easy to calculate. b.It is very useful in the case of data which are of qualitative nature like intelligence honesty be
Calculation of Standard Deviation - Continuous Series: In the continuous series the methods of calculation standard deviation is almost the same as in a discrete frequency distrib
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