APPLIED OPERATIONAL RESEARCH FOR MANAGEMENT NOTES 1 ANNA UNIVERSITY CHENNAI UNIT I INTRODUCTION TO LINEAR PROGRAMMING (LP) INTRODUCTION Operations Research (OR) (a term coined by McClosky and Trefthen in 1940) was a technique that evolved during World War II to effectively use the limited military resources and yet achieve the best possible results in military operations. In essence you can state that OR is a technique that helps achieve best (optimum) results under the given set of limited
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OPERATIONS MANAGEMENT STUDY GUIDE PROGRAMME CREDIT POINTS NOTIONAL LEARNING TUTOR SUPPORT : : : : MBA Year 1 20 points 200 hours over 1 semester opman@mancosa.co.za Copyright © 2013 MANAGEMENT COLLEGE OF SOUTHERN AFRICA All rights reserved; no part of this book may be reproduced in any form or by any means‚ including photocopying machines‚ without the written permission of the publisher REF: OPS 2013 Operations Management TABLE OF CONTENTS Section Introduction 1 2 3 4 5 6
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Depreciation Expense |Accumulated Depreciation | |Year 1 |$30‚000 |$30‚000 | |Year 2 | 30‚000 | 60‚000 | |Year 3 | 30‚000 | 90‚000 | Double Declining | |Annual Depreciation Expense
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Operational definition Dictionary definition Product: is the service or goods the company produces. There are some elements added to the product aside from the product itself to make the customer attracted to it‚ such as wrapping. Product: something that is grown or made in a factory in large quantities‚ usually in order to be sold Price: is the amount of money that the customer pay to but the product‚ pricing is a very difficult task Price: the amount of money you have to pay for something
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business opportunities are create from that field. That producing sports equipments and sportswear is main opportunity that we are selected. And we think produced sports equipments and sports wears and we are distributing that products for the local market as well as a foreign market. And we are create web site and show all the information’s about us. To producing sports equipments and sportswear we are consider about three main group. There are‚ Young parents with children active
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(preliminary and final) via E-Learning. QUESTION 1: A company develops the production of a product in one of its factories. This output is sent to two warehouses (W1 and W2) from which four customer zones (C1‚ C2‚ C3‚ and C4) are supplied. If it is necessary or advantageous to the company‚ the demand can be met with production acquired from other companies. However‚ this acquisition may not exceed 10% of the amount produced in the company. The monthly production capacity of the factory is 220
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attention on its own benefits and performance. However‚ CEMEX gives a very good lesson to the businesses how the business could succeed while protecting the environment as well. Introduction: CEMEX is a one of the main global building solutions company and leading supplier of cement‚ ready mixed concrete and aggregate. Apart from this in UK‚ CEMEX also facilitate asphalt‚ roof tiles‚ concrete block solutions and railway sleepers. Cement was one of the key ingredients in concrete which was invented
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labour costs. The reduction of specific fixed and variable expenses can improve the profit picture of Tesco for example in the electric gadgets side there any more than three televisions on sale of the same type switched on‚ it will be best to switch of the other two televisions since there are of the same type to cut cost on electricity since electricity is charged based on consumption. Tesco can reduce costs without cutting specific expenses. for example electricity costs‚ by switching off some of
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Operational Plan Organization structure The organization structure plan is to define departmental activities and responsibilities. This structure can brings order to hotel operation and ensure the hotel can run efficiently and effectively. Moreover‚ as our hotel is a small hotel with rooms less than 500 rooms and we only provide limited services‚ we will adopt the departmental structures of a limited-services hotel. In our hotel organizational structure‚ we have five departments including
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Operational Management Part one 1. Building a New Classroom block The school board decide from past experience that the funds in the school coffers would be enough to cover the cost. Once that has been ascertained‚ the building site is identified. Architects design a plan for the new classroom block and send it to the county council for approval. Whwn approaval is received the school obtains a quoutation from the school approved contractor. Te contractor suggests a fix and supply contract
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