This book is a management to make economical decisions. One of the essential managerial skills is ability to allocate and utilize resources appropriately in the efforts of achieving the optimal performance efficiently. In some cases such as small-scale low complexity environment, decision based on intuition with minimal quantitative basis may be reasonably acceptable and practical in achieving the goal of the organization. However, for a large-scale system, both quantitative and qualitative (i.e. intuition, experience, common sense) analyses are required to make the most economical decisions. Using Operations Research techniques including Linear Programming, Discrete Event Simulation and Queueing Theory, organization leaders can make high quality decisions. Operations managers are not expected to be experts in any decision science tools; however, he or she must have fundamental knowledge of such tools to acquire right resources and to make the most economically sounding decisions for the company as a whole.
INTRODUCTION
• History
• Developments
• Approach
• Features
• Phases
• Models
• Scope
• Contemporary Role in Managerial Decision Making
• Development of OR In India
• Computers in OR
LINEAR PROGRAMMING
• Introduction
• Standard Form
• Flow Chart of Simplex Method
• Sensitivity Analysis In Linear Programming
• Linear Programming for Optimal Production
• Literature Review (Nurses Shifting Problems)
• Modelling in Farm Management
• Linear Programming Using Excel
• Case 1 : Utensil manufacturer
• Case 2 :Walsh’s Juice Company
• Case 3: Spring Garden Tools
• Case 4: Fabrics and Fall Fashions
• Conclusion
DECISION THEORY AND ANALYSIS
• Introduction
• Types of Decision-Making Environments
• Applications in the Operations Research
• Risk Analysis and Sensitivity Analysis
• Decision Analysis with Excel
• Literature review (Multi criteria decision analysis)
• Overview
• Case 1 : oil India Corporation
• Case 2 : Moola Farms
• Case 3 : matrix India
• Case 4 : Decision Analysis in Clinical Patient Management
• Conclusion
TRANSPORTATION PROBLEMS
• Introduction
• Modes of Transportation
• Need for Integrated Transport System
• General mathematical model
• Vogel’s approximation Method with Example
• MODI method with Example
• New Alternate Methods with Example
• Minimum Demand-Supply Method& Example
• Solving Transportation Problem using Excel
• Case 1 : Asian Games
• Case 2 : Stateline shipping and transport company
• Case 3 : Global supply chain management at cantrex apparel international
• Case 4 : Urban Transport in India
• Conclusion
MARKOV CHAIN AND ANALYSIS
• Introduction
• Characteristics of A Markov Chain
• Applications of Markov Analysis
• Markov chains in discrete time
• Markov chains in continuous time
• How to do certain computations in R
• Case 1 : Ajanta Transport
• Case 2 : Zodiac Company
INVENTORY
• Introduction
• Reasons for keeping stock
• Special terms used in dealing with inventory
• Principle of inventory proportionality
• Inventory Management
• Minimum Level
• Maximum Level
• Re-Order Level
• Re-Order Quantity
• Economy Order Quantity
• Stock Level Sub-system
• Different Size for Inventory
• Shortages Backordered
• The (s, Q) Inventory Policy
• Variations on the (s, Q) Model
• Case 1 : The Texas gladiators apparel store
• Case 2 : Pharr Foods Company
Fahmeeda F. Shaikh
Fahmeeda F. Shaikh (Ph.D. scholar, M. Phil, M.Sc. (Statistics, Gold Medalist)) is GPSC appointed assistant professor (GES-Class II) in dept of Statistics at Gujarat Arts and Science college, Ahmedabad, Gujarat. Prior to this, she was working as an assistant professor in an MBA dept. at Shri Jairam Bhai Patel Institute of Business Management and Computer studies (formerly known as NICM). She has teaching experience of more than 12 years. She has written 5 books, published 15 articles in National and International journals, written 10 articles in edited International books and has presented more than 20 papers in National and International conferences. She topped the Gujarat University in M.Sc. and was awarded six gold medals by the ex-governor of Gujarat Shri Naval Kishore Sharma in the convocation held in the year 2008.She was also awarded with “Distinguished Academician & Researcher award in Higher Education (Statistics)” by Narain College and Global Research Foundation in the conference on “ Role of Multidisciplinary studies in Environment held protection” held at Narain College, Shikohabad, Uttar Pradesh. Her area of interest are Bayesian analysis, Regression and Multivariate analysis, Operations Research, Hypothesis testing, Record values, and R programming.”
Subject Covers:-
• Managerial Decision Making
• Sensitivity Analysis In Linear Programming
• Operations Research
• Integrated Transport System
This Book Useful for the students of :-
BA
BBA
BCA
MBA
