explain the techniques and tools of Operations Research. Operations Research Methodology Techniques and tools of Operations Research 2 5 10 5 a. Explain the steps involved in linear programming problem formulation. Discuss in brief the advantages of linear programming. b. Alpha Limited produces & sells two different products under the brand names black & white. The profit per unit on these products in Rs. 50 & Rs. 40 respectively. Both the products employ the same manufacturing
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World Resources Institute Sustainable Enterprise Program A program of the World Resources Institute IKEA AND THE NATURAL STEP Teaching Note Synopsis and Objectives For more than a decade‚ WRI’s Sustainable Enterprise Program (SEP) has harnessed the power of business to create profitable solutions to environment and development challenges. BELL‚ a project of SEP‚ is focused on working with managers and academics to make companies more competitive by approaching social and environmental challenges
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The accounting cycle refers to the process by which companies produce their financial statements for a specific period of time. It is called a cycle because the steps are repeated each reporting period. The organization at which I am employed completes its accounting cycle monthly. The organization is a privately owned nursing facility licensed and incorporated in the state of Virginia that has been in business since 1966. An explanation of the overall accounting cycle at the organization including
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When I ask you to think about a mother‚ what do you think of? Most would think of their mother and all of the fond memories of their childhood. One thinks of nurturing‚ softness‚ loving‚ and selflessness. Now‚ if I was to ask you to think about a stepmother‚ what comes to mind? Most people think of cunning‚ crafty‚ conniving‚ selfishness‚ and wickedness. Have you ever thought about how the stepmother gets this bad wrap? As children we are practically brainwashed by Disney fairy
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Eight Steps to Forecasting • Determine the use of the forecast □ What objective are we trying to obtain? • Select the items to be forecast • Determine the time horizon of the forecast □ Short time horizon – 1 to 30 days □ Medium time horizon – 1 to 12 months □ Long time horizon – more than 1 year • Select the forecasting model(s) |Description |Qualitative Approach |Quantitative Approach
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Steps to the Accounting Cycle The term‚ accounting cycle‚ refers to the steps involved in accounting for all of the business activities during an accounting period. These steps are repeated each reporting period. There are ten steps to the accounting cycle. We will go through each one in detail later. But let’s review the basics. Step one begins with analyze transactions. Step two – journalize. Step three – Post. Step four – prepare unadjusted trial balance. Step five – adjust. Step six – prepare
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messages from the Internet‚ although they can receive messages on the college’s internal mail system. List the steps you will take to troubleshoot this problem and describe why each step is necessary. Suppose that your troubleshooting methodology leads you to determine that the problems were caused by a malfunctioning gateway. Suggest ways in which the problem could have been prevented. Steps to troubleshoot the malfunction:- Aside from repairing a corrupted Exchange database‚ mail flow and
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scientific and engineering knowledge. Modern digital technology has made it possible to manipulate multi-dimensional signals with systems that range from simple digital circuits to advanced parallel computers. It’s built on a foundation of one- and two-dimensional signal processing theory and overlaps with such disciplines as Artificial Intelligence (Scene understanding)‚ information theory (image coding)‚ statistical pattern recognition (image classification)‚ communication theory (image coding and
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Value Add and Non-value Add of steps/activities 2. The Information flow along with the process flow to make the product 3. More information/data on the processes 4. Closed Circuit from the Customer back to the Customer 5. No Takt Time taken into account in process maps [pic] Value Stream Maps Information Flow goes from right to left while the process/material flow goes from left to right as seen below. [pic] General information about VSM. ▪ Based on a today’s inventory
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The organisation for which I am choosing to evaluate the usefulness of STEP analysis‚ will be the NHS. The application of STEP analysis within the HSCNI has a great deal of relevance for today’s NHS sector. This from of analysis is aimed at identifying the external environment in which the organisation operates in. It is beneficial as it helps define and rationalise important external issues for the organisation. This is crucial as the very nature of the organisation‚ is one which is under
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