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8/9/2019 Application of Operation Research in Industry
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Applications of OperationsResearch in an Industry
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Content
Introduction
Area of applications of O.R
Use of O.R in industry Research & Development
Conclusion
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What is Operations Research?
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Areas of applications of O.R
In Defence
In L.I.C
In Agriculture In Planning
In Industry
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Use of O.R in Industry
Production department
Financial department Marketing department
R & D department
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Production Department
Sequencing:
The selection of an appropriate
order which is used to servewaiting customers (jobs) is called
sequencing.
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contd
Inventory Control:
It is defined as any idle resources of an
enterprise.
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Types of Inventory
Transportation Inventories
Buffer Inventories
Anticipation Inventories De-coupling inventories
Lost-size Inventories
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Financial Department
Linear Programming Problem
It is a problem which involve theallocation (allotment) of given number of
resources to the job (activities).
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contd
2 methods of calculating a L.P.P:
The Graphical Method The Simplex Method
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Marketing department
Assignment Problem:
It is special type of L.P.P in which the
objective is to find the optimum allocation ofa number of tasks (jobs) to an equal number
of facilities (persons).
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Transportation Problem
In T.P objective is to find or calculate
the minimum transportation cost with the
help of different method & by modi method
we will prove that it is an optimal solution.
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Research & Development
Apart from these O.R also play an
important role in R&D Department inProjects.
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Project?
Combination of some activities
which must be executed in a certain
order before the entire task iscompleted.
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Phases of Project Management
There are 3 phases:
Project Planning
Project Scheduling
Project Controlling
PERT
CPM
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Conclusion
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THANK YOU
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Queries