All companies need to be more effectively than ever before. In the current financial climate, every dollar invested is important and know that your business is operating efficiently is an imperative need, but as a Manager not always easy to know if the decisions are really the best for your company.
Unit I (8 Hrs)
Introduction to Linear Programming – Various definitions, Statements of basic
theorems and properties, Advantages Limitations and Application areas of Linear
Programming, Linear Programming -Graphical method, - graphical solution
methods of Linear Programming problems, The Simplex Method: -the Simplex
Algorithm, Phase II in simplex method, Primal and Dual Simplex Method, Big-M
Method
Unit II (8 Hrs)
Transportation Model and its variants: Definition of the Transportation Model
-Nontraditional Transportation Models-the Transportation Algorithm-the Assignment
Model– The Transshipment Model
Unit III (8 Hrs)
Network Models: Basic differences between CPM and PERT, Arrow Networks,
Time estimates, earliest completion time, Latest allowable occurrences time,
Forward Press Computation, Backward Press Computation, Representation in
tabular form, Critical Path, Probability of meeting the scheduled date of completion,
Various floats for activities, Critical Path updating projects, Operation time cost trade
off Curve project,
Selection of schedule based on :- Cost analysis, Crashing the network
Sequential model & related problems, processing n jobs through – 1 machine & 2
machines
Unit IV (8 Hrs)
Network Models: Scope of Network Applications – Network definitions, Goal
Programming Algorithms, Minimum Spanning Tree Algorithm, Shortest Route
Problem, Maximal flow model, Minimum cost capacitated flow problem
Unit V (8 Hrs)
Decision Analysis: Decision - Making under certainty - Decision - Making under
Risk, Decision
under uncertainty.
Unit VI (8 Hrs)
Simulation Modeling: Monte Carlo Simulation, Generation of Random Numbers,
Method for
Gathering Statistical observations
this is book which prescribed for mechanical engineering students its one of there paper in engineering subjects dat to for final years. it is easy to understand nd best for scoring
This presentations covers Definition of Operations Research , Models, Scope,Phases ,advantages,limitations, tools and techniques in OR and Characteristics of Operations research
Unit I (8 Hrs)
Introduction to Linear Programming – Various definitions, Statements of basic
theorems and properties, Advantages Limitations and Application areas of Linear
Programming, Linear Programming -Graphical method, - graphical solution
methods of Linear Programming problems, The Simplex Method: -the Simplex
Algorithm, Phase II in simplex method, Primal and Dual Simplex Method, Big-M
Method
Unit II (8 Hrs)
Transportation Model and its variants: Definition of the Transportation Model
-Nontraditional Transportation Models-the Transportation Algorithm-the Assignment
Model– The Transshipment Model
Unit III (8 Hrs)
Network Models: Basic differences between CPM and PERT, Arrow Networks,
Time estimates, earliest completion time, Latest allowable occurrences time,
Forward Press Computation, Backward Press Computation, Representation in
tabular form, Critical Path, Probability of meeting the scheduled date of completion,
Various floats for activities, Critical Path updating projects, Operation time cost trade
off Curve project,
Selection of schedule based on :- Cost analysis, Crashing the network
Sequential model & related problems, processing n jobs through – 1 machine & 2
machines
Unit IV (8 Hrs)
Network Models: Scope of Network Applications – Network definitions, Goal
Programming Algorithms, Minimum Spanning Tree Algorithm, Shortest Route
Problem, Maximal flow model, Minimum cost capacitated flow problem
Unit V (8 Hrs)
Decision Analysis: Decision - Making under certainty - Decision - Making under
Risk, Decision
under uncertainty.
Unit VI (8 Hrs)
Simulation Modeling: Monte Carlo Simulation, Generation of Random Numbers,
Method for
Gathering Statistical observations
this is book which prescribed for mechanical engineering students its one of there paper in engineering subjects dat to for final years. it is easy to understand nd best for scoring
This presentations covers Definition of Operations Research , Models, Scope,Phases ,advantages,limitations, tools and techniques in OR and Characteristics of Operations research
Importance of Operation Research in Decision Making – MIT School of Distance ...MIT School
Operation Research is considered to be the most supportive means in management because it can help in resolving any uncertain or complex problem easily. Decisions, controlling, productivity these points show the importance of operation research in the decision-making process. At MIT School of Distance Education (MIT-SDE), we train our students in such a way that they become decision-makers. So, apply for our management courses and gain a competitive edge.
To know more information you can visit here: http://blog.mitsde.com/importance-of-operation-research-in-decision-making/
Introduction, Meaning and Characteristics of Operations Research Background of Operations Research, Operations Research, Scope of Operations Research, Finance department, Personnel Management, applications of operations research in business, applications of operations research, Hewlett-Packard, CHARACTERISTICS OF OPERATIONS RESEARCH, are addressed.
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https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Importance of Operation Research in Decision Making – MIT School of Distance ...MIT School
Operation Research is considered to be the most supportive means in management because it can help in resolving any uncertain or complex problem easily. Decisions, controlling, productivity these points show the importance of operation research in the decision-making process. At MIT School of Distance Education (MIT-SDE), we train our students in such a way that they become decision-makers. So, apply for our management courses and gain a competitive edge.
To know more information you can visit here: http://blog.mitsde.com/importance-of-operation-research-in-decision-making/
Introduction, Meaning and Characteristics of Operations Research Background of Operations Research, Operations Research, Scope of Operations Research, Finance department, Personnel Management, applications of operations research in business, applications of operations research, Hewlett-Packard, CHARACTERISTICS OF OPERATIONS RESEARCH, are addressed.
Subscribe to Vision Academy for Video Assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
check it out: http://goo.gl/vqNk7m
CADmantra Technologies pvt. Ltd. is a CAD Training institute specilized in producing quality and high standard education and training. We are providing a perfact institute for the students intersted in CAD courses CADmantra is established by a group of engineers to devlop good training system in the field of CAD/CAM/CAE, these courses are widely accepted worldwide.
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THE ORIGIN OF LOGISTICS
DEFINITIONS OF LOGISTICS
EXAMPLES OF LOGISTICS SOLUTIONS
OBJECTIVES OF LOGISTICS
FUNCTIONS OF LOGISTICS
SCOPE OF LOGISTICS
LOGISTICS INDUSTRY IN INDIA
Introduction to Manufacturing Processes and their Applications (Casting, Forging, Sheet metal working and Metal joining processes), Description of Casting process: Sand casting(Cope&Drag). Sheet metal Forming,(shearing, bending, drawing), Forging (Hot working and cold working comparison) ,Electric Arc welding, Comparison of Welding, Soldering, Brazing
This is the basic lecture on introduction to gears for engineering students. It includes basics of gears, spur gear, bevel gear, etc. It also talks about a fundamental law of gearing, pressure angle and contact ratio.
This presentation gives an introduction to mechanical vibration or Theory of Vibration for BE courses. Presentation is prepared as per the syllabus of VTU.For any suggestions and criticisms please mail to: hareeshang@gmail.com or visit:ww.hareeshang.wikifoundry.com.
Thanks for watching this presentation.
Hareesha N G
Integrating Digital Marketing AnalyticsDaniel Shea
Digital analytics is complicated! Advanced analytics (data science & predictive modeling) are needed to extract the most knowledge. But how? Here is a framework and some tips from my experience peeking through the curtain.
Business Analytics
Importance of Business Analytics
Evolution of Business Analytics
History of Business Analytics
Classification of Business Analytics
Application of Business Analytics
2. Operation Research
• All companies need to be more effectively than ever before. In the current
financial climate, every dollar invested is important and know that your
business is operating efficiently is an imperative need, but as a Manager not
always easy to know if the decisions are really the best for your company.
• Operation Research (OR): It is a discipline that deals with the application of
advanced analytical methods to help make better decisions. It is often
considered to be a sub-field of Mathematics. The term management
science and decision science are sometimes used as more modern-sounding
synonyms.
• Employing techniques from other mathematical sciences, such as mathematical
modeling, statistical analysis, and mathematical optimization, operations
research arrives at optimal or near-optimal solutions to complex decision-making
problems.
– Because of its emphasis on human-technology interaction and because of its focus on
practical applications, operations research has overlap with other disciplines,
notably industrial engineering and operations research, and draws
on psychology and organization science. Operations Research is often concerned with
determining the maximum (of profit, performance, or yield) or minimum (of loss, risk,
or cost) of some real-world objective.
3. Operation Research – Information Hierarch
Level Use
Senior Strategic
Management Strategic Planning
Planning and
Junior
Business and Tactical Control
Management
Workforce Operational
Control
4. Philosophies and Methodology
Continuous Improvement
• Operation Research share values with continuous
improvement philosophies and methodology like it;
– Total Quality Management
• Focusing on Deming’s 14 rules
– Kaizen
• Plan, Do, Check, and Act
– Six Sigma
• DMAIC, DMADV and DPSS
– Lean Thinking
• Identify Value and Stream, Flow, Pull and Perfection
– Theory of Constraints
• Identify Constraint, Exploit Constraints, Subordinate processes
and Repeat cycle.
5. Data Analysis
EDW= Enterprise Data Warehouse
• Data analytics (DA) is the science of
examining raw data with the
purpose of drawing conclusions
about that information. Data
analytics are used in many industries
to allow companies and organization
to make better business decisions
and in the sciences to verify or
disprove existing models or theories.
Data analytics are distinguished
from data mining by the scope,
purpose and focus of the analysis.
Data miners sort through huge data
sets using sophisticated software to
identify undiscovered patterns and
establish hidden relationships. Data
analytics focuses on inference, the
process of deriving a conclusion
based solely on what is already
known by the researcher.
8. Operation Research Logic Structure
High Level
Channel Design Aspect
VOC
Input Workforce
Performance
Management
Management
Activities
Measures,
Forecasting Staffing Scheduling Analysis and
Optimization
Model Approach and
Developmental
Conclusions and
Recommendation
Implementation
9. Operations Research
• Some areas where Operation Research can help;
– Increases competitive advantage
– Reduction cost of operation
– Increase customer (I/E) satisfaction and loyalty
– Optimization of call center operation
• Identify areas for improvement – gaps processes
• Visualize where the problems are and provide a root cause analysis
• Optimize service level
• Simplified processes
• Identify pattern and trend
• Manage and reduce risk
• Improve forecast (e.g. staffing and scheduling & queue wait time)
– Sales - Stimulate the customer to buy more
– Provide management a powerful tool - Dashboard
10. Operation Research- How to start…
Create a presentation to the high level of management
Presents proposal to
create the new division
Set up the guideline for
with cost and benefit
Presents to IT and the new division and
analysis, and operational
EDW the Operation start recruiting:
saving projection. Start operation
Research scope Performance Analyst
Get the approval
Step 1 Step 2 Step 3 Step 4
11. Operation Research Analyst – Job Description
• Performance analysts provide subject matter expertise on organizational performance and
statistical functions. In this role, analysts support systems applications, initiatives, and projects.
Performance analysts' roles are typically self-directed. The position could be performed in a
supervisory or non-supervisory capacity.
• GENERAL DUTIES
– Analysts monitor organizational performance and perform quality control evaluations. They are involved
in departmental projects and corporate initiatives. Performance analysts will review processes,
recommend improvements, increase customer service levels, and reduce operational risks. Analysts build
strong relationships between internal and external customers. They also contribute subject expertise to
team and organizational efforts
• JOB DESCRIPTION
– Possesses great analytical skills and is able to interpret data sets.
– Analyzes current processes and procedures in order to make recommendations to promote effective
operations within and between departments.
– Manages the completion of difficult projects that are broad in nature by following general guidelines and
using creativity and resourcefulness to meet established goals.
– Generates summaries of the analysis and include specific details, trends, agents' behavior, etc.…
– Performs ad hoc analysis of Center Performance as requested by the Center and organizational leaders.
– Expert level in MS-Office applications, and Excel Ability to compile data and present to large groups.
– Evaluates performance against established metrics to determine acceptable levels of quality or efficiency
for various business functions and units.
– Be able to provide independent recommendations for process improvements based on the analysis
performed.
12. Operation Research Analyst – Job Description
– Independently works to identify opportunities for improvement in department performance and
results.
– Maintains and applies expert knowledge of practices and procedures in areas of expertise and
maintains a broad knowledge of practices and procedures of other departments.
•EDUCATION & EXPERIENCE
– Bachelor's degree or MBA in mathematics, statistics, operation research, programming or
engineering.
– Plus certification in Six Sigma, Kaizen or PMP.
– Minimum three years of experience in OR.
• SKILLS
– Ability to read, analyze and interpret business information and data. Ability to create
reports/correspondence/presentations, and present information and respond to questions from
upper management. Proficient use of Excel, Access, PowerPoint, Visio, and Project, SQL, Minitab,
SAS, and SPSS. Ability to apply statistical concepts. Ability to define problems, collect data,
establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical
instructions in mathematical or diagram form and deal with several abstract and concrete
variables.