APPLIED OPERATIONAL RESEARCH FOR MANAGEMENT NOTES 1 ANNA UNIVERSITY CHENNAI UNIT I INTRODUCTION TO LINEAR PROGRAMMING (LP) INTRODUCTION Operations Research (OR) (a term coined by McClosky and Trefthen in 1940) was a technique that evolved during World War II to effectively use the limited military resources and yet achieve the best possible results in military operations. In essence you can state that OR is a technique that helps achieve best (optimum) results under the given set of limited
Premium Optimization Linear programming Operations research
Case #4: Bridging the Gap As customers once knew‚ The Gap was a popular fashion apparel store that attracted many people to it. However‚ this is no longer the case in the present day. So what happened? According to the case‚ competitors are gaining market share with cheaper and fresher fashion designs. One of the problems Gap (including other retailers) is the rising costs of raw materials. Gap said this would force them to raise their prices on items by 20 percent‚ but the customers
Premium Sales Marketing Fashion
Identify the key aspects of current legislative requirements and codes of practice relevant to your subject and the type of organisation within which you would like to work. There are many Acta and Regulations that the beauty industry need to follow some of these include: Health and Safety at Work Act 1974 Protects almost everyone involved in working situations. It states the responsibilities of the employer and employee. All the other acts come from this one. Your responsibilities are
Premium Personal protective equipment Occupational safety and health Protection
Operational Plan Table of Content Background 1 1.Business Goal. 1 2.Objectives 2 3.Strategy 2 4.Key actions 2 5.KPIs 4 6.Contingency Plans 4 7.Outcome 5 8.Approvals 5 Background ‘The Office Assistant’ is a retail store that sells office products and services. As a store manager of one of these 25 stores‚ I have made this operational plan to grow the services component of our business in the next twelve months. 1.Business Goal. The business goal of this operational
Premium Retailing Recruitment Sales
with the largest obvious items like my budget‚ the date‚ my wedding venue‚ my reception venue‚ the guest list and my dress‚ photos‚ DJ`s flowers caterers. Then I move on to my wedding party‚ family‚ friends in-laws and co-workers. Enlist the help of your family and friends and parents. Oh my checklist I talk to my soon to be husband to make sure that we agree on the budget. And get together with my husband to start our guest list. My first contact was be the church. To inquire if my selected date is
Premium Wedding Management Marriage
Operational Planning- 4th phase in the planning process. Operational Plan is a detailed plan used to provide a clear picture on how a team‚ section or department will contribute to the achievement of the organization’s goal. Once the strategic plan is approved‚ it must be broken down into operation categories. These set of categories are: Operational Categories 1. Product planning and development 2. Market planning 3. Production Planning 4. Manpower Planning 5. Organizational Planning
Premium Marketing Planning Project management
Employment-at-will (EAW) is a principle that allows employees and employers to terminate the employment relationship with any reason or no reason in cases where no matters of union‚ legal statute‚ public policy or contract reign.1 Since its inception‚ EAW as a principle has allowed employers to terminations without remedy‚ even in cases against public policy.2 Modern developments to this principle have caused employers to work within common law to combat potential litigation by removing the representation
Premium Employment
Identify four major ongoing stressors in your life. For each stressor‚ describe why it is a stressor for you. You need to discuss a variety of areas such as personality‚ family situation‚ lifestyle‚ self-talk‚ and/or beliefs. Stress management starts by identifying major stressors in my life. Sometimes that is the hardest part because it is hard to look on my own thoughts and feelings‚ and recognize the source of the stress‚ as well to figure out how to respond to stress in a most appropriate way
Premium Psychology Mind English-language films
inventory levels. • With the help of ABC inventory management system and by integrating the inventory monitoring systems of all the regional warehouses with the central warehouse‚ Merloni had been able to bring down the inventory by 75% Cost • The current distribution system has several costs related to it. Starting with inventory costs‚ it can been observed that even though the inventory levels were reduced by 75%‚ the fact that Merloni stores inventory at 17 regional warehouses‚ 5 plant warehouses
Premium Inventory
Past and Current Drug Abuse Trends in the United States Tabatha Smith University of Phoenix PSY 425 Dawn Weldon September 20‚ 2010 Past and Current Drug Abuse Trends in the United States Trends in drug use amidst Americans are in a roundabout way attributed to trends in society. Despite the fact that drugs always have been around in one form or another‚ their early manipulations on society trace back to 4000 B.C. American society has been familiar with habit forming drugs as far
Premium Drug addiction Cocaine Prescription drug