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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yesterday Julius Caesar was stabbed over twenty times in the senate. We talked to his wife and she said‚ “I had a dream about that happening and I told Julius not to go to the Senate.” She then said that he went to the Senate anyways and was killed there. “Julius just wouldn’t listen to me!” She said tearfully. “And how was he repaid for not listening? He was murdered!” We have heard from an anonymous source that Julius said‚ “Even you Brutus?” while he was being stabbed. The police are looking
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serve and protect the public. The Mandatory Continuing Professional Development (CPD) for engineers in Ontario is a program aimed by Professional Engineers of Ontario (PEO) to force licensed engineers to be continuously exposed to new knowledge and experience needed to cope with technological advances in order to strengthen their careers and to maintain competence throughout their working life and therefore to better serve the public. Even though this sounds interesting however‚ the program has many
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contrivance‚ such as the size and age of the force‚ the degree of stability in the political environment‚ the complexity of governmental regulation‚ the geographical dispersion of the population‚ or the nature of police work itself” (Maguire 2003)? * In this paper I will describe in detail various types of police agencies at the local‚ state‚ and federal level and how each is organized‚ identify the principal roles and functions of police organizations and their role as it applies to the law‚ and also
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passengers and freight from the ground to the aircraft‚ which brings them through the air. At the destination‚ another ‘gateway’ meets them‚ and bridges them from the air back to the ground. The “gateway” uses many other facilities and/or services to ensure a seamless transfer of passenger or freight between the ground and air. An airport is a whole host of facilities and services combined together to ensure the complete‚ safe and smooth function of aircrafts arriving and departing from the airport.
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but also controlled supplier’s products beyond the price and standardize processing. • They believed in developing outstanding supplier and franchisee relationships. In a mode of continuous improvement they focused on customer satisfaction. They had best of best process and machines in place. The fry maker and the drink machine at the McDonald do not need human attendant. They were custom-designed to blend with existing cooking equipment. It helps keeps uniformed best quality product • They
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SERVICE OPERATIONS MANAGEMENT IN HOTELS-AN APPROACH TOWARDS QUALITY AND COMPETITIVENESS Introduction There is a growing body of literature that examines the impact that operations management has on the expectations and perceptions of customers as preliminary stages for creating customer loyalty (Armstrong et al‚ 1997‚ Johnston‚ 1999‚ Becker and Murrmann‚ 1999‚ Brady et al‚ 2001‚ Hope and Potter‚ 2006‚ and Hill‚ 2005). Therefore‚ the main purpose of this research project is to introduce the concept
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Results 18 1. Introduction Figure 1: Regional Head Quarters of FedEx Figure 2: FedEx Corporate Logo; courtesy www.fedex.com FedEx Corporation‚ situated in US‚ is one of the leading supply chain management solution providers in the world. With annual revenues as high as USD33 billion‚ the company offers incorporated business solutions in logistics through operating collaborative companies jointly under the FedEx brand. FedEx’s group of companies includes FedEx Office‚ FedEx Express‚ FedEx
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gathered momentum. Though internationally this revolution started in the 1980’s‚ as far as India is concerned‚ the post- liberalization era marked the starting point of retail banking revolution with new generation private banks and foreign banks taking the lead. Retail banking has been the focus of attention for the banking industry. Changing lifestyles‚ rapid improvements in information technology and other service sectors‚ as well as increasing levels of income‚ have contributed to the growth of retail
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The expected annual return‚ the worst-case annual return on each bond‚ and the duration of each bond are given in Table 15. The duration of a bond is measure of the bond’s sensitivity to interest rates. Solodex wants to maximize the expected return from its bond investments‚ subject to three constraints. Constraint 1. The worst-case return of the bond portfolio must be at least 8%. Constraint 2. The average duration of the portfolio must be at most 6. For example‚ a portfolio that invested $ 600
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