INTRODUCTION OF STATISTICS:

OPERATION RESEARCH

Decision making is one of the main activity of a manager or executive.The ultimate goal of all such decisions is to maximise the desired benefit or minimise the effort value.

Definitions:-It is the use of scientific methods to provide criteria for decisions regarding man,machine,systems involving repetitive operations.

Objective;-It is to provide scientific basis to the decision makers for solving the problems involving the interaction of various components of organisation.

Use:-1) Defence operation

I)Administration

ii)Intelligence

iii)Opertions and training

iv)Supply

2.Industry:-

i)minimisation of cost of production

ii)maximisation of output

iii)optimisation of capital investment.

iv)to avoid conflicts between the objectives of various department

v)inventory control,marketing and transportation.

3)Planning

i)maximise per capita income

ii)framing economic policies

iii)optimisation of resource allocation.

4)Agriculture

5)Hospital

6) Transport

7)Research and Developmet

Significance

i)Decision making

ii)Scientific Approach

Phases:-

i)Judgement phase

ii)Research phase

iii)Action plan

Methodology

1)Definition of the problem

* a description of the goal of the objective of the study.

*an identification of the decision alternative to the system.

* a recognition of limitations,restrictions and requirement of the system.

2)Construction of the model

*decision varibles

*objectives

*constraints

3)Solution of the model

4)Validation of the model

5)Implimentation of the final result.

Published by Sima Sarkar

I am Anjan.I am a freelancer.I am trying to write day to day human issues.I want to highlight issues related to 'Mother Earth' as well.

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