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Line Balancing Methods - Heuristic Approach Heuristic mean serving to find i.e. to find out discover things for oneself. Heuristic describes a particular approach to problem solving decision making and control. Heuristics are often simple thumb rules which are employed to solve complex problems. They aim to provide ways to solve problems which at the beginning of an investigation elude rigours logical analysis. Heuristic models utilize common sense logic and above all past experience to tackle the new problems. Heuristics methods though have little if any theoretical foundations yet they provide most likely ( and if not the optimum) solutions which are good enough from a practical point of view. Heuristic methods break down a complex problem into smaller and easily manageable sub problems. Then from the past experience of tacking different but similarly structured problems the promising solution for each sub most problem ( of new situation) is determined. Heuristic approach has advantages of consistency, speed and ability to cope with more data and larger systems.
Summary Report The report format suggested above does not contain any summary section. This exclusion is deliberate. The summary should not be prepared until t
Tied Ranks Equal or Repeated Rank When two or more items have equal values it is difficult to give ranks to them. In that case the items are given the average of the
cumulative discount factor
Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X1, X2 = 0
Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed
Preparation of Script The most tedious and arduous takes is the preparation of the script. While you have all the ideas and points will should stored up in the mi
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
Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv
meaning of operational research?
Deriving the Solution from the Model: This phase is devoted to the computation of those value of decision variables that maximize or minimize the objective function. Such
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