Applications of Operations Research in An Industry

 

Applications of Operations Research in an Industry

 

Content 

Introduction



Area of applications of O.R 



Use of O.R in industry



Research & Development



Conclusion

 

What is Operations Research?

 

Areas of applications of O.R  

In Defence



In L.I.C



In Agriculture



In Planning



In Industry

 

Use of O.R in Industry 

Production department



Financial department



Marketing department



R & D department

 

Production Department Sequencing: “The selection of an appropriate order which is used to serve waiting customers (jobs) is called sequencing.”

 

…contd

Inventory Control: “It is defined as any idle resources of an enterprise.”

 

Types of Inventory 

Transportation Inventories



Buffer Inventories



Anticipation Anticipatio n Inventories



De-coupling inventories



Lost-size Inventories

 

Financial Department 

Linear Programming Problem

 

It is a problem which involve the “ allocation (allotment) (allotment) of given number of resources to the job (activiti (activities).” es).” 

 

…contd

2 methods of calculating a L.P.P: 

The Graphical Method



The Simplex Method

 

Marketing department 

Assignment Problem:

 

“It is special type of L.P.P in which the objective is to find the optimum allocation of a number of tasks (jobs) to an equal number of facilities (persons).”

 

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.”

 

 

Research & Development

Apart from these O.R also play an important role in R&D Department in  Projects.

 

Project? “Combination of some activities which must be executed in a certain order before the entire task is completed.”

 

Phases of Project Management There are 3 phases: 

Project Planning



Project Scheduling



Project Controlling  

PERT CPM

 

Conclusion

 

THANK YOU

 

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