UNIT-4
INTRODUCTION TO OR AND LPP
,Overview
• Introduction to Operation Research: Introduction,
Nature
• Managerial applications and limitations of OR
• Types of Operation Research Models.
• Linear Programming: Mathematical model,
Formulation of LPP, assumptions underlying LPP,
• Solution by Graphical Method.
, MEANING AND DEFINITION
Operations research refers to the applications of scientific method to the
solution of business problems. It is a techniques which enables the executives
to take correct and prompt decisions.
“Quantitative study of an organization in action carried out in order to find
the ways in which its functioning can be improved”.
C.C.Hermann and J.F.Magec
“Operations research is the application of scientific methods, techniques and
tools to problems involving the operation of a system so as to provide those
in control of the system with optimum solution to the problem”
C.W.Churchman
INTRODUCTION TO OR AND LPP
,Overview
• Introduction to Operation Research: Introduction,
Nature
• Managerial applications and limitations of OR
• Types of Operation Research Models.
• Linear Programming: Mathematical model,
Formulation of LPP, assumptions underlying LPP,
• Solution by Graphical Method.
, MEANING AND DEFINITION
Operations research refers to the applications of scientific method to the
solution of business problems. It is a techniques which enables the executives
to take correct and prompt decisions.
“Quantitative study of an organization in action carried out in order to find
the ways in which its functioning can be improved”.
C.C.Hermann and J.F.Magec
“Operations research is the application of scientific methods, techniques and
tools to problems involving the operation of a system so as to provide those
in control of the system with optimum solution to the problem”
C.W.Churchman
