Category: OPERATIONS RESEARCH

LINEAR PROGRAMMING TERMS AND DEFINITIONS WITH EXAMPLES CLEAR EXPLANATIONS

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LINEAR PROGRAMMING TERMS AND DEFINITIONS LINEAR PROGRAMMING Linear programming deals with the optimization (maximization or minimization) of a linear function, called objective function, involving number of variables, subject to the set of variables, subject to the set of linear equalities and for inequalities called constraints and variables should be non-negative. ACCORDING TO SAMUELSON AND SLOW…

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OPERATIONS RESEARCH

SCOPE OF OPERATIONS RESEARCH IN BUSINESS

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SCOPE OF OPERATIONS RESEARCH IN BUSINESS OPERATIONS RESEARCH Operations research is the application of scientific method to problem arising from operation involving integrated system of men, machine and material. It normally utilises the knowledge and skills of an inter-disciplinary research team to provide the management of such system with optimum operating solution. ACCORDING TO HM…

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OPERATIONS RESEARCH

MODELS OF OPERATIONS RESEARCH – Notes for B.com/ BBA students

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MODELS OF OPERATIONS RESEARCH Most operations research studies involve the construction of a mathematical model. The models of Operations research is a collection of logical and mathematical relationships that represents aspects of the situation under study. Models describe important relationships between variables; include an objective function with which alternative solutions are evaluated, and constraints that…

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OPERATIONS RESEARCH

LINEAR PROGRAMMING APPLICATIONS – Notes of Operations Research

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LINEAR PROGRAMMING APPLICATIONS Linear programming is a powerful quantitative technique (or operational research technique) designs to solve allocation problem. The term ‘linear programming’ consists of the two words ‘Linear’ and ‘Programming’. The word ‘Linear’ is used to describe the relationship between decision variables, which are directly proportional. For example, if doubling (or tripling) the production…

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OPERATIONS RESEARCH

WHAT IS LINEAR PROGRAMMING – Notes of Operations Research

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WHAT IS LINEAR PROGRAMMING Linear programming is a powerful quantitative technique (or operational research technique) designs to solve allocation problem. The term ‘linear programming’ consists of the two words ‘Linear’ and ‘Programming’. The word ‘Linear’ is used to describe the relationship between decision variables, which are directly proportional. For example, if doubling (or tripling) the…

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OPERATIONS RESEARCH

LINEAR PROGRAMMING – Operations Research for B.Com/ BBA Students

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LINEAR PROGRAMMING Linear programming is a powerful quantitative technique (or operational research technique) designs to solve allocation problem. The term ‘linear programming’ consists of the two words ‘Linear’ and ‘Programming’. The word ‘Linear’ is used to describe the relationship between decision variables, which are directly proportional. For example, if doubling (or tripling) the production of…

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OPERATIONS RESEARCH

ASSIGNMENT -Operations Research for B.com/ M.com/ BBA / MBA Students

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ASSIGNMENT Assignment Problem is a special type of linear programming problem where the objective is to minimize the cost or time of completing a number of jobs by a number of persons. The assignment problem in the general form can be stated as follows: “Given n facilities, n jobs and the effectiveness of each facility…

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OPERATIONS RESEARCH

OPERATIONS RESEARCH FOR B.COM, BBA, M.COM & MBA

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OPERATIONS RESEARCH Operations research (OR) is an analytical method of problem-solving and decision-making that is useful in the management of organizations. In operations research, problems are broken down into basic components and then solved in defined steps by mathematical analysis. The concept of OR arose during World War II by military planners. After the war,…

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OPERATIONS RESEARCH