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  1. 1. Bharti kumari
  2. 2.  Originated during second world war.  Organized application of modern science, math's and computers techniques.  Management of large systems of men, materials, money and machines.  Manage explicit quantitative understanding and assessment of complex situation for best decisions.  Optimum solution to organizational problems.
  3. 3.  Understand real situation, capture and define problem.  Formulate a mathematical model.  Analog model which takes form of mechanical system.  Symbolic model which is in the form of a matrix, a graph or an equation.  Probabilistic contain obvious recognition of uncertainty used in advertising problems.  In exact model chance and uncertainty plays very minor role like long range production planning.  Develop solution:- data, complete information & analyze result. A solution for alternative policies.  Interpret solutions meaningful, translate into decision.  Implement the decision.  Verify the result.
  4. 4.  Locating factories, warehouses, minimize transportation cost.  Work allocation to machines to min time & cost.  Inventory problem  Material handling  Dealing with waiting times  Equipment replacement  Dividing advertising budget  Establishing equitable bonus systems  Routing of tankers  Traffic control  Petrochemical mixes  Municipal and hospital administration  Marketing etc.
  5. 5. Study Translate into Develop mathematical solution Decision Actual situation model Decision making
  6. 6. Classical operations research techniques Military application to business problems Resource allocation like crude oil distribution to refineries, production distribution, bombers placements etc. To find best use of the limited resource Allocation of scare resources Maximize profit minimize overall cost
  7. 7. Objectives of an LP Alternatives course of action • To allocate among them its limited resources Resources must be in limited supply • Restrictions or limits to resources Objectives to be mathematically expressed

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