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    To Operations Research: Unit 1

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    Angelica Magdaraog
    Operations research is concerned with using quantitative methods to assist decision making. It emphasizes applying methods to better decisions rather than the methods themselves. The document describes operations research as involving understanding problem solving phases and quantitative methods. It identifies qualitative and quantitative approaches, with the quantitative approach being useful when problems are complex, involve many variables, and quantifiable goals and models exist. The quantitative analysis process includes model development, data preparation, model solution, and report generation. Quantitative methods discussed include linear programming, forecasting, inventory models, waiting line models, simulation, and decision analysis. Applications of operations research outlined include logistics, crew scheduling, raw materials use, manufacturing, employee scheduling, production efficiency, and magazine distribution.

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    To Operations Research: Unit 1

    Uploaded by

    Angelica Magdaraog
    23 views11 pages
    Operations research is concerned with using quantitative methods to assist decision making. It emphasizes applying methods to better decisions rather than the methods themselves. The document describes operations research as involving understanding problem solving phases and quantitative methods. It identifies qualitative and quantitative approaches, with the quantitative approach being useful when problems are complex, involve many variables, and quantifiable goals and models exist. The quantitative analysis process includes model development, data preparation, model solution, and report generation. Quantitative methods discussed include linear programming, forecasting, inventory models, waiting line models, simulation, and decision analysis. Applications of operations research outlined include logistics, crew scheduling, raw materials use, manufacturing, employee scheduling, production efficiency, and magazine distribution.

    Original Description:

    Introduction to operations research

    Original Title

    Unit 1

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    Operations research is concerned with using quantitative methods to assist decision making. It emphasizes applying methods to better decisions rather than the methods themselves. The document describes operations research as involving understanding problem solving phases and quantitative methods. It identifies qualitative and quantitative approaches, with the quantitative approach being useful when problems are complex, involve many variables, and quantifiable goals and models exist. The quantitative analysis process includes model development, data preparation, model solution, and report generation. Quantitative methods discussed include linear programming, forecasting, inventory models, waiting line models, simulation, and decision analysis. Applications of operations research outlined include logistics, crew scheduling, raw materials use, manufacturing, employee scheduling, production efficiency, and magazine distribution.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    23 views11 pages

    To Operations Research: Unit 1

    Uploaded by

    Angelica Magdaraog
    Operations research is concerned with using quantitative methods to assist decision making. It emphasizes applying methods to better decisions rather than the methods themselves. The document describes operations research as involving understanding problem solving phases and quantitative methods. It identifies qualitative and quantitative approaches, with the quantitative approach being useful when problems are complex, involve many variables, and quantifiable goals and models exist. The quantitative analysis process includes model development, data preparation, model solution, and report generation. Quantitative methods discussed include linear programming, forecasting, inventory models, waiting line models, simulation, and decision analysis. Applications of operations research outlined include logistics, crew scheduling, raw materials use, manufacturing, employee scheduling, production efficiency, and magazine distribution.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 11

    INTRODUCTION

    TO OPERATIONS
    RESEARCH

    UNIT 1
    Understand the meaning, purpose, and
    tools of Operations Research

    Describe the Phases of Problem Solving


    OBJECTIVES: and Decision Making

    Identify the Different Quantitative


    Methods in Problem Solving

    Explain the Applications of Operations


    Research
    • is concerned with the use of
    quantitative methods to assist in
    OPERATIONS
    RESEARCH decision making. It emphasizes not the
    methods themselves, but rather how
    they can contribute to better decisions.
    MANAGERS MAKE DECISIONS EVERYDAY…

    Qualitative Approach Quantitative Approach


    PROBLEM
    SOLVING AND
    DECISION
    MAKING
    A SUBCLASSIFICATION OF THE
    DECISION-MAKING PROCESS
    THE ROLE OF QUALITATIVE AND
    QUANTITATIVE ANALYSIS
    The problem is complex

    Involves many variables

    USE There are data which describe the decision environment


    QUANTITATIVE
    APPROACH There are data which describe the value or utility of the
    different possible alternatives
    WHEN THE
    The goal of the of the decision maker can be described in
    PROBLEM IS: quantitative terms

    Workable models are available for these situations


    Iconic models
    Model Development Analog models
    Mathematical models

    QUANTITATIVE Data Preparation


    ANALYSIS
    PROCESS
    Model Solution

    Report Generation
    QUANTITATIVE METHODS IN MANAGEMENT

    Use of Linear Inventory


    Forecasting
    Probabilities Programming Models

    Waiting Line Project


    Decision
    or Queueing Simulation Scheduling:
    Analysis
    Models PERT/CPM
    APPLICATIONS OF MANAGEMENT SCIENCE /
    OPERATIONS RESEARCH

    Organization Area of Application


    Federal Express Logistical planning of shipments
    Continental Airlines Reassign crews to flights when schedule disruptions occur
    Welch’s Optimize use and movement of raw materials
    Samsung Electronics Reduce manufacturing times and inventory levels
    Taco Bell Plan employee work schedules at restaurants
    General Motors Improve efficiency of production lines
    Time Inc. Management of distribution channels for magazines

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