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Merits
a.It is simple to understand and easy to calculate.
b.It is very useful in the case of data which are of qualitative nature like intelligence honesty beauty efficiency etc.
c.No other methods can be used when ranks are given except this.
d.When the actual data are given this method can also applied.
Multiple Objective s The sample may vary according to the objective of the research. There may several objectives of marketing research so the sample size may vary a
Scope of operations research
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
Horton and hunt have given followings nine characteristics of scientific method: 1. Verifiable evidence i e, factual observations which other observers can see and check
Uncertainly : There is a great uncertainly about economic and general environment. With economic growth uncertainty is also growing's. this makes each decisions costlier
#what are the methods of OR ?
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
1. Investigate: The Operations Strategy of your organisation or one you are familiar with and answer the following points. Does your chosen organisation have an operations
a question was given but i cannot identify the alternatives and i do not know how to calculate the right amount of payoff.what are the right ways to calculate the payoff table.
What are the features of Operations Research?
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