Numerical Model of LPP:- Objective:- The main objective is long-run profit maximization and find optimal production Quantity (Mix). The measure of effectiveness: The measure of effectiveness is profit obtained from each type of models so as to determine the optimal Read more…

# Category: Operations Research

Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown Population parameter. However, the interval computed from a particular sample does not necessarily include the true value of the parameter. Confidence intervals were Read more…

Mathematical Model of LPP:- The general mathematical model of LPP (or model) with n decision variables and m constraints can be stated in the following form : There are some limitations associated with this technique. These are the following:- Read more…

Linear Programming Problem is a mathematical technique for finding optimal solutions to problems. Its problems expressed using linear equations and inequalities. The real-world problems represent accurately by the mathematical equations of a linear program also this method will find the Read more…

Every Operations Research specialist may have his own way of solving problems. However, the effective use of Operations Research techniques require to problem solving consists of the following six steps: a).Formulation of the problem : It involves analysis of physical systems, Read more…

Some definitions of are: Operations Research is the art of giving bad answers to the problems which otherwise have worse answers. ——- T. L. SATTY Operations Research is a scientific knowledge through interdisciplinary team effort for the purpose of Read more…

Optimal Production Policy Under Certain And Uncertain Environment INDEX:- CONTENTS: 1. Introduction of Operations Research 2. A methodology of Operation Research 3. What is Linear Programming Problem 4 Mathematical Model for LPP 5. Confidence Interval and Confidence limit 6. Tabulation Read more…