Complexity - necessity of operations research, Operation Research

Assignment Help:

In a big industry the numbers of factors influencing a decision have increased situation has become big and complex because these factors interact with each other in complicated fashion. There is thus great uncertainty about the outcome of interaction of factors like technological environmental competitive etc. For instance consider a factory production schedule which has to take into account.

a. Customer demand.

b. Requirements of raw materials.

c. Equipment capacity and possibility of equipment failure and

d. Restrictions on manufacturing process


Related Discussions:- Complexity - necessity of operations research

Expected value analysis, Profitable Casino Corp. (PCC) is a Harrah's wannab...

Profitable Casino Corp. (PCC) is a Harrah's wannabe, intent on mimicking Harrah's analytical marketing techniques.  For example, PCC issues virtually all gamers a PCC "Rewards" car

Assumption of f- test- hypothesis testing, Assumption of F- Test The  ...

Assumption of F- Test The  theoretical assumption on which  F test  is based are: 1.The populations for  each sample must  be normally  distributed  with  identical  mean

Steps of research process, Steps of Research Process The steps of resear...

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

Define franchising, Question 1) What are the advantages of retailing. Writ...

Question 1) What are the advantages of retailing. Write a brief note on retailing in India Question 2) Define franchising. What are the advantages and challenges of franch

Characteristics of good average, Characteristics  of Good Average a. ...

Characteristics  of Good Average a. It should  be Rigidly  Defined  An average should  be rigidly defined so that  there is  no confusion  in regard  to its  meaning  and con

Wanna solution for this, A paper mill produces two grades of paper viz., X ...

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

Mip, procedure of mip

procedure of mip

Techniques of operations research, There is no unique set of problems which...

There is no unique set of problems which can be solved by using operations Research Models r techniques. Several operations Research Models or techniques can be grouped into some b

Secondary periodicals - classification of documents, Secondary Periodicals:...

Secondary Periodicals: Secondary Periodicals Secondary periodicals are  abstracting and indexing periodicals.  They are also called documentation periodicals. They are a  syst

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