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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.
disadvantages of modeling in operational research
Disadvantages of Mode a.It is ill defined. b.It is indefinite and it is some cases impossible to find a definite value. c.It is not based on all observation. So i
QUARTILES The three points on the scale of observation ( or values of the variable) which divide the total frequency into four equal parts are called quartiles for t
The 2 nd phase of operations Research is to construct a mathematical model representing the system under study. It requires the identification of both static and dynam
Simple Line Graphs a. Simple Histogram A simple histogram is a techniques used plotting a time series on the graph paper. The data are arranged according to the time
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
CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA
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
layout of any retailer shop and the reasons for the layout
EXPLAIN THE OR TECHNIQUES
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