mathematical and statistical techniques in management and focuses on finding right answers to managerial problems‚ which are solved through decision making. The theory is based on Operations Research as its main technique. Quantitative Theory is also referred as mathematical; approach‚ decision theory approach‚ operations research approach and management science approach. The theory came into focus during and after World War II. The critical exigencies of War necessitating the building of optimal solutions
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Master of Business Administration-MBA Semester 2 MB0048 –Operation Research - 4 Credits Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. a .Define O.R and discuss its characteristics. [ 5 marks] b. Explain the nature of Operations Research and its limitations.[ 5 marks] 2. a. What are the essential characteristics of a linear programming model?[ 5 marks] b. Explain the graphical method of solving a LPP involving two variables.[ 5 marks]
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techniques such as Monte Carlo method are used in situations of high uncertainty such as market trends‚ next period ’s sales revenue‚ and traffic patterns. Also called decision science‚ management science‚ or operational research. Operational research‚ also known as operations research‚ is an interdisciplinary branch of applied mathematics and formal science that uses advanced analytical methods such as mathematical modeling‚ statistical analysis‚ and mathematical optimization to arrive at optimal or
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6th International Conference of Iranian Operations Research Society May 8-9‚ 2013 Research Center of Operations Research Maximal Covering Location Problem with Different Levels of interdiction Asefe Forghani1‚ M.Sc. student of Industrial Engineering‚ Ferdowsi University of Mashhad‚ asefe_forghani@yahoo.com Farzad Dehghanian‚ Assistant Professor‚ Department of Industrial Engineering‚ Ferdowsi University of Mashhad Abstract: In this paper we introduce an interdiction problem for a maximal
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Chapter 2 Operations performance Source: Honda Motor Company Slack‚ Chambers and Johnston‚ Operations Management 5th Edition © Nigel Slack‚ Stuart Chambers‚ and Robert Johnston 2007 Key teaching objectives • Why is operations performance important in any organization? • How does the operations function incorporate all stakeholders’ objectives? • What does top management expect from the operations function? • What are the performance objectives of operations and what are the internal
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State‚ Nigeria ** Olaniran‚ Y.O.A ** Department of Marketing‚Federal Polytechnic‚ Ilaro‚Ogun State‚ Nigeria Abstract Any organization set up aims at maximization of profit from its investment from minimum cost of objective function. This research work applies the concept of revised simplex method; an aspect of linear programming to solving industrial problems with the aim of maximizing profit. The industry GEEPEE Nigeria Limited specialises in production of tanks of various types. Four
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John Bevan‚ who was head of the London Controlling Section and in charge of the organization of Operation Bodyguard believed that the radio transmissions of Fortitude North would not be enough to convince the Germans of a planned invasion of Norway. It was this belief that led to the planning of Operation Graffham to help reinforce Fortitude North. Operation Graffham’s main goal was to convince the German High Command that Sweden was planning to join the Allies in the fight
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QUANTITATIVE METHODS- II Module I (6 Hours) Introduction to Operations Research. Definition‚ scope of Operations Research‚ characteristics‚ advantages and limitations. Quantitative approach to decision making‚ models & modeling in Operations Research. Module II (8 Hours) Linear programming‚ Structure of linear program model‚ Assumption‚ Advantages‚ Limitations‚ General mathematical model‚ Guidelines for formulation of linear programming model‚ Graphical method‚ algorithm (Only illustrative
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they feels has a tough day should be send an overnight flower to her door step the next morning. 3. Describe how each OM activity in Exhibit 1.1 impacts the management of both the goods that Zappos sells and the services that it provides. Operations Management is the science and art of ensuring that goods and services
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OPERATIONS MANAGEMENT IN SERVICE AND MANUFACTURING ENVIRONMENTS In defining an organization we usually come across two major categories of organizations. First Manufacturing organization and the other Service organization. Both‚ above-mentioned organizations are completely different from one another and hence the role of operations management is different in both. Operations management is mainly concerned with making the proper use of available resources of the organization. Resources available
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