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Author : James V. Gale
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (148 download)
Download or read book The Application of an Operations Research Technique to a Business Situation written by James V. Gale and published by . This book was released on 1960 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Bodhibrata Nag
Publisher : Business Expert Press
ISBN 13 : 1606495275
Total Pages : 128 pages
Book Rating : 4.6/5 (64 download)
Download or read book Business Applications of Operations Research written by Bodhibrata Nag and published by Business Expert Press. This book was released on 2013-12-09 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operations Research is a bouquet of mathematical techniques which have evolved over the last six decades, to improve the process of business decision making. Operations Research offers tools to optimize and find the best solutions to myriad decisions that managers have to take in their day to day operations or while carrying out strategic planning. Today, with the advent of operations research software, these tools can be applied by managers even without any knowledge of the mathematical techniques that underlie the solution procedures. The book starts with a brief introduction to various tools of operations research, such as linear programming, integer programming, multi-objective programming, queuing theory and network theory together with simple examples in each of the areas. Another introductory chapter on handling the operations research software, along with examples is also provided. The book intends to make the readers aware of the power and potential of operations research in addressing decision making in areas of operations, supply chain, financial and marketing management. The approach of this book is to demonstrate the solution to specific problems in these areas using operations research techniques and software. The reader is encouraged to use the accompanying software models to solve these problems, using detailed do-it-yourself instructions. The intended outcome for readers of this book will be gaining familiarity and an intuitive understanding of the various tools of operations research and their applications to various business situations. It is expected that this will give the reader the ability and confidence to devise models for their own business needs.
Author : H. A. Eiselt
Publisher : Springer Science & Business Media
ISBN 13 : 364210326X
Total Pages : 455 pages
Book Rating : 4.6/5 (421 download)
Download or read book Operations Research written by H. A. Eiselt and published by Springer Science & Business Media. This book was released on 2010-05-17 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s, operations research (or, alternatively, management science) has become an indispensable tool in scientific management. In simple words, its goal on the strategic and tactical levels is to aid in decision making and, on the operational level, automate decision making. Its tools are algorithms, procedures that create and improve solutions to a point at which optimal or, at least, satisfactory solutions have been found. While many texts on the subject emphasize methods, the special focus of this book is on the applications of operations research in practice. Typically, a topic is introduced by means of a description of its applications, a model is formulated and its solution is presented. Then the solution is discussed and its implications for decision making are outlined. We have attempted to maximize the understanding of the topics by using intuitive reasoning while keeping mathematical notation and the description of techniques to a minimum. The exercises are designed to fully explore the material covered in the chapters, without resorting to mind-numbing repetitions and trivialization.
Author : Giriraj Kiradoo
Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (129 download)
Download or read book Use of Operation Research Techniques in Managerial Decision Making written by Giriraj Kiradoo and published by . This book was released on 2020 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose- The process of managerial decision making is a highly complex activity which is directly linked to the profitability and efficiency of the business. There are rational business decisions that require quantitative data so that effectiveness can be enhanced. Operation research is the process of providing reliable data so that critical problems can be solved. The primary purpose of the research project is to determine the use of operational research techniques in the process of improving managerial decisions. Research methodology- The use of qualitative research supports in developing a more in depth study on the topic. The current research uses the qualitative methods of secondary research through a proper analysis of books and journals. The researcher uses previously written books and papers for further analysis. Results- The application of proper methods of mathematical and quantitative calculation supports in improving the managerial decisions. The operational techniques support in taking proper decision through the analysis of data from the techniques of simulation, problem solving and gaming. Conclusion- Operation research is used to solve complex problems of business through mathematical analysis. This technique is used in various fields of agriculture, production, and business management. The effectiveness of this method is observed through improved business operations and management styles. It also supports in improved competitiveness of the organization through strategic business decisions.
Author : Irfan Ali
Publisher : CRC Press
ISBN 13 : 1000404722
Total Pages : 434 pages
Book Rating : 4.0/5 (4 download)
Download or read book Optimal Decision Making in Operations Research and Statistics written by Irfan Ali and published by CRC Press. This book was released on 2021-11-29 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides insights in the decision-making for implementing strategies in various spheres of real-world issues. It integrates optimal policies in various decisionmaking problems and serves as a reference for researchers and industrial practitioners. Furthermore, the book provides sound knowledge of modelling of real-world problems and solution procedure using the various optimisation and statistical techniques for making optimal decisions. The book is meant for teachers, students, researchers and industrialists who are working in the field of materials science, especially operations research and applied statistics.
Author : Marc Goovaerts
Publisher : Springer Science & Business Media
ISBN 13 : 9400946201
Total Pages : 477 pages
Book Rating : 4.4/5 (9 download)
Download or read book Insurance and Risk Theory written by Marc Goovaerts and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: Canadian financial institutions have been in rapid change in the past five years. In response to these changes, the Department of Finance issued a discussion paper: The Regulation of Canadian Financial Institutions, in April 1985, and the government intends to introduce legislation in the fall. This paper studi.es the combinantion of financial institutions from the viewpoint of ruin probability. In risk theory developed to describe insurance companies [1,2,3,4,5J, the ruin probability of a company with initial reserve (capital) u is 6 1 -:;-7;;f3 u 1jJ(u) = H6 e H6 (1) Here,we assume that claims arrive as a Poisson process, and the claim amount is distributed as exponential distribution with expectation liS. 6 is the loading, i.e., premium charged is (1+6) times expected claims. Financial institutions are treated as "insurance companies": the difference between interest charged and interest paid is regarded as premiums, loan defaults are treated as claims.
Author : Stafford Beer
Publisher : Garden City, N.Y. : Doubleday, 1968 [c1967]
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.3/5 (91 download)
Download or read book Management Science written by Stafford Beer and published by Garden City, N.Y. : Doubleday, 1968 [c1967]. This book was released on 1968 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on scientific management - covers automation, cybernetics, computers, managers, operational research, simulation, etc.
Author : S. C. Sharma
Publisher : Discovery Publishing House
ISBN 13 : 9788183560917
Total Pages : 304 pages
Book Rating : 4.5/5 (69 download)
Download or read book Introductory Operation Research written by S. C. Sharma and published by Discovery Publishing House. This book was released on 2006 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on Operation Research has been specially written to meet the requirements of the M.Sc., M.Com and M.B.A. students. The subject matter has been discussed in such a simple way that the students will find no difficulty to understand it. The proof of various theorems and examples has been given with minute details. Each chapter of this book contains complete theory and fairly large number of solved examples, sufficient problems have also been selected from various universities examination papers. Contents: Introduction to Operation Research, Integer Programming, Dual Problem, Goal Programming, Sequencing Problem.
Author : J. K. Sharma
Publisher :
ISBN 13 : 9781403931511
Total Pages : 1196 pages
Book Rating : 4.9/5 (315 download)
Download or read book Operations Research (3 Edition) : Theory And Applications written by J. K. Sharma and published by . This book was released on 2006-01-01 with total page 1196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operations Research: Theory and Applications, is a comprehensive text for courses in Quantitative Methods, Operations Research, Management Science, Analytical Methods for Decision-Making, and other related courses. The third edition of the book further enhances the easy-to-understand approach employed in the first two editions. It continues to provide readers an understanding of problem-solving methods based upon a careful discussion of model formulation, solution procedures and analysis. The key revisions in the third edition are: " Almost all chapters have been reorganized and/or rewritten to facilitate better and easier understanding of concepts and text material. " Each chapter contains Learning Objectives to guide the students to focus their attention to understand a specific topic under study. " Chapter 2 on LP Model Formulation includes properly graded problems to provide wide areas of managerial applications. " Most chapters contain Cases to help students to understand business situations and suggest solutions to certain managerial issues raised using specific technique of operations research. " Appendices, in most chapters, provide basic theoretical support to the development of specific techniques used in that chapter to solve decision-making problems. " Each chapter contains Chapter Concepts Quiz to help students reinforce their understanding of the principles and applications of operations research techniques. " Explanations are richly illustrated with numerous interesting and varied business-oriented examples. " Hints and answers to self-practice problems are given in each chapter to enable students to learn at their own pace. The book is intended to serve as a core textbook for students of MBA/PGDBM, MCom, CA, and ICWA who need to understand the basic concepts of operations research and apply them directly to real-life business problems. It also suits the requirements of students for MA/MSc (Mathematics, Statistics, O
Author : Col. D. S. Cheema
Publisher : Firewall Media
ISBN 13 : 9788170087557
Total Pages : 942 pages
Book Rating : 4.0/5 (875 download)
Download or read book Operations Research written by Col. D. S. Cheema and published by Firewall Media. This book was released on 2005 with total page 942 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vikas Singla
Publisher : CRC Press
ISBN 13 : 1000453448
Total Pages : 409 pages
Book Rating : 4.0/5 (4 download)
Download or read book Operations Research Using Excel written by Vikas Singla and published by CRC Press. This book was released on 2021-09-16 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of operations research provides a scientific approach to managerial decision making. In a contemporary, hypercompetitive ever-changing business world, a manager needs quantitative and factual ways of solving problems related to optimal allocation of resources, profit/loss, maximization/minimization etc. In this endeavor, the subject of doing research on how to manage and make operations efficient is termed as Operations Research. The reference text provides conceptual and analytical knowledge for various operations research techniques. Readers, especially students of this subject, are skeptic in dealing with the subject because of its emphasis on mathematics. However, this book has tried to remove such doubts by focusing on the application part of OR techniques with minimal usage of mathematics. The attempt was to make students comfortable with some complicated topics of the subject. It covers important concepts including sensitivity analysis, duality theory, transportation solution method, Hungarian algorithm, program evaluation and review technique and periodic review system. Aimed at senior undergraduate and graduate students in the fields of mechanical engineering, civil engineering, industrial engineering and production engineering, this book: • Discusses extensive use of Microsoft Excel spreadsheets and formulas in solving operations research problems • Provides case studies and unsolved exercises at the end of each chapter • Covers industrial applications of various operations research techniques in a comprehensive manner • Discusses creating spreadsheets and using different Excel formulas in an easy-to-understand manner • Covers problem-solving procedures for techniques including linear programming, transportation model and game theory
Author : Margaret L. Brandeau
Publisher : Springer Science & Business Media
ISBN 13 : 1402080662
Total Pages : 870 pages
Book Rating : 4.4/5 (2 download)
Download or read book Operations Research and Health Care written by Margaret L. Brandeau and published by Springer Science & Business Media. This book was released on 2006-04-04 with total page 870 pages. Available in PDF, EPUB and Kindle. Book excerpt: In both rich and poor nations, public resources for health care are inadequate to meet demand. Policy makers and health care providers must determine how to provide the most effective health care to citizens using the limited resources that are available. This chapter describes current and future challenges in the delivery of health care, and outlines the role that operations research (OR) models can play in helping to solve those problems. The chapter concludes with an overview of this book – its intended audience, the areas covered, and a description of the subsequent chapters. KEY WORDS Health care delivery, Health care planning HEALTH CARE DELIVERY: PROBLEMS AND CHALLENGES 3 1.1 WORLDWIDE HEALTH: THE PAST 50 YEARS Human health has improved significantly in the last 50 years. In 1950, global life expectancy was 46 years [1]. That figure rose to 61 years by 1980 and to 67 years by 1998 [2]. Much of these gains occurred in low- and middle-income countries, and were due in large part to improved nutrition and sanitation, medical innovations, and improvements in public health infrastructure.
Author : N. L. Senensieb
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (31 download)
Download or read book The Role of Operations Research in Business written by N. L. Senensieb and published by . This book was released on 1961 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael W. Carter
Publisher : CRC Press
ISBN 13 : 1482274477
Total Pages : 411 pages
Book Rating : 4.4/5 (822 download)
Download or read book Operations Research written by Michael W. Carter and published by CRC Press. This book was released on 2017-12-19 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: Students with diverse backgrounds will face a multitude of decisions in a variety of engineering, scientific, industrial, and financial settings. They will need to know how to identify problems that the methods of operations research (OR) can solve, how to structure the problems into standard mathematical models, and finally how to apply or develop computational tools to solve the problems. Perfect for any one-semester course in OR, Operations Research: A Practical Introduction answers all of these needs. In addition to providing a practical introduction and guide to using OR techniques, it includes a timely examination of innovative methods and practical issues related to the development and use of computer implementations. It provides a sound introduction to the mathematical models relevant to OR and illustrates the effective use of OR techniques with examples drawn from industrial, computing, engineering, and business applications. Many students will take only one course in the techniques of Operations Research. Operations Research: A Practical Introduction offers them the greatest benefit from that course through a broad survey of the techniques and tools available for quantitative decision making. It will also encourage other students to pursue more advanced studies and provides you a concise, well-structured, vehicle for delivering the best possible overview of the discipline.
Author : A. Ravi Ravindran
Publisher : CRC Press
ISBN 13 : 1420091832
Total Pages : 498 pages
Book Rating : 4.4/5 (2 download)
Download or read book Operations Research Methodologies written by A. Ravi Ravindran and published by CRC Press. This book was released on 2008-11-12 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: A single source guide to operations research (OR) techniques, this book covers emerging OR methodologies in a clear, concise, and unified manner. Building a bridge between theory and practice, it begins with coverage of fundamental models and methods such as linear, nonlinear, integer, and dynamic programming, networks, simulation, queuing, invento
Author : Saul I. Gass
Publisher : Springer Science & Business Media
ISBN 13 : 1461304598
Total Pages : 774 pages
Book Rating : 4.4/5 (613 download)
Download or read book Encyclopedia of Operations Research and Management Science written by Saul I. Gass and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 774 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operations Research: 1934-1941," 35, 1, 143-152; "British The goal of the Encyclopedia of Operations Research and Operational Research in World War II," 35, 3, 453-470; Management Science is to provide to decision makers and "U. S. Operations Research in World War II," 35, 6, 910-925; problem solvers in business, industry, government and and the 1984 article by Harold Lardner that appeared in academia a comprehensive overview of the wide range of Operations Research: "The Origin of Operational Research," ideas, methodologies, and synergistic forces that combine to 32, 2, 465-475. form the preeminent decision-aiding fields of operations re search and management science (OR/MS). To this end, we The Encyclopedia contains no entries that define the fields enlisted a distinguished international group of academics of operations research and management science. OR and MS and practitioners to contribute articles on subjects for are often equated to one another. If one defines them by the which they are renowned. methodologies they employ, the equation would probably The editors, working with the Encyclopedia's Editorial stand inspection. If one defines them by their historical Advisory Board, surveyed and divided OR/MS into specific developments and the classes of problems they encompass, topics that collectively encompass the foundations, applica the equation becomes fuzzy. The formalism OR grew out of tions, and emerging elements of this ever-changing field. We the operational problems of the British and U. s. military also wanted to establish the close associations that OR/MS efforts in World War II.
Author : Rathindra P. Sen
Publisher : PHI Learning Pvt. Ltd.
ISBN 13 : 8120339304
Total Pages : 801 pages
Book Rating : 4.1/5 (23 download)
Download or read book Operations Research: Algorithms And Applications written by Rathindra P. Sen and published by PHI Learning Pvt. Ltd.. This book was released on 2010-01-30 with total page 801 pages. Available in PDF, EPUB and Kindle. Book excerpt: It covers all the relevant topics along with the recent developments in the field. The book begins with an overview of operations research and then discusses the simplex method of optimization and duality concept along with the deterministic models such as post-optimality analysis, transportation and assignment models. While covering hybrid models of operations research, the book elaborates PERT (Programme Evaluation and Review Technique), CPM (Critical Path Method), dynamic programming, inventory control models, simulation techniques and their applications in mathematical modelling and computer programming. It explains the decision theory, game theory, queueing theory, sequencing models, replacement and reliability problems, information theory and Markov processes which are related to stochastic models. Finally, this well-organized book describes advanced deterministic models that include goal programming, integer programming and non-linear programming.
