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To Operations Research: Unit 1

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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Angelica Magdaraog
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30 views

To Operations Research: Unit 1

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.

Uploaded by

Angelica Magdaraog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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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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