1) What is the meant by the term ‘feasible region’? Its feasible region is a convex polyhedron‚ which is a set defined as the intersection of finitely many half spaces‚ each of which is defined by a linear inequality. 2) What is an infeasible solution? How is this condition recognized in simplex method? A infeasible solution is one that does not satisfies all linear and non-linear constraints. When the solution is along with the artificial variable even when the aolution is optimized then
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Hello students‚ In our last lecture you learned to solve zero sum games having mixed strategies. But... Did you observe one thing that it was applicable to only 2 x 2 payoff matrices? So let us implement it to other matrices using dominance and study the importance of DOMINANCE In a game‚ sometimes a strategy available to a player might be found to be preferable to some other strategy / strategies. Such a strategy is said to dominate the other one(s). The rules of dominance are used to
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Operational research is an interdisciplinary idea that uses thinking and also methods such as mathematical modeling‚ statistics and algorithms to arrive at optimal or near optimal solutions to complex problems in an organization. In an operational research project there are 5 phases‚ namely‚ problem identification‚ formulating problem‚ deriving solution validating model and lastly‚ the implementation of results. The first phase is to identify the problem through the observation of its symptoms
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L.C. Big Mak Burger‚ Inc. http://www.lcbigmak.com Address: SPC Compound‚ Diversion Road Barangay Domoit‚ Lucena City - 4301 Quezon Contact: Karen Quing Email: Company description: Since 1984‚ it has grown and become the biggest and fastest growing food chain name in the countryside with more than 800 outlets nationwide. About Mission MISSION WE CAN ACHIEVE OUR VISION THROUGH: BOUNDLESS TERRITORY We intend to expand our business in areas‚ which we think viable to
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CHAPTER 1: INTRODUCTION TO OPERATIONS RESEARCH (OR) 1.1 INTRODUCTION Operation Research‚ an approach to decision making based on the scientific method‚ makes extensive use of quantitative approaches to decision making. In addition to operation research‚ two other widely known and accepted names are management sciences and decision science interchangeably. The scientific management revolution of the early 1900s‚ initiated by Frederic W. Taylor‚ provided the foundation for the use of quantitative
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Marketing and operations research – a literature survey ¨ Marketing und Operations Research – Eine Literaturubersicht Lutz Hildebrandt1 ‚ Udo Wagner2 1 Institut f¨ur Marketing‚ Humboldt-Universit¨at zu Berlin‚ Spandauer Straße 1‚ 10178 Berlin‚ Germany (e-mail: hildebr@wiwi.hu-berlin.de) 2 Institut f¨ur Betriebswirtschaftslehre‚ Universit¨at Wien‚ Br¨unner Straße 72‚ 1210 Vienna‚ Austria (e-mail: udo.wagner@univie.ac.at) Abstract. Over the last decades the quantitative research based on Operations Research
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1. You are to describe the phases of the moon and what they mean magickally. There are six phases of the moon. The first phase of the moon that we can see is the New Moon. This phase shows us just the narrowest crescent of the moon. It is the time for new beginnings. Magickally‚ it is good for increasing types of spells‚ whether it is for love‚ money‚ or business ventures. Basically anything that you want to increase‚ so it would NOT be a time to ask for more bills‚ or a bill reduction. Instead
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South Africa is the largest Coca-Cola market in Africa and consistently ranks among the best performing countries in the world of Coca-Cola. This impressive position is made possible by the hard work and commitment of four bottlers‚ our canning operation and our employees‚ whose main vision is to benefit and refresh the people of South Africa. “ Coca-Cola Fortune 3 Marmer Street‚ Polokwane P.O.Box 122 Polokwane‚ 0700 2011 Koketso.M.Mothiba 200910752 University of Johannesburg Bunting Road
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Introduction – Market Research Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy. The term is commonly interchanged with marketing research; however‚ expert practitioners may wish to draw a distinction‚ in that marketing research is concerned specifically about marketing processes‚ while market research is concerned specifically with markets. Market research is a key factor to get advantage over competitors
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Operations Management II Introduction to Operations Research Operations Research (OR) Definition Operations Research is the representation of real world systems by mathematical models together with the use of quantitative methods (Algorithms) for solving such models‚ with a view of optimising. - (J.E Beasley) “The attack of modern science on complex problems arising in the direction and management of large systems of men‚ machines‚ materials and money in industry‚ business‚ government
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