application of operation research in industry

8/9/2019 Application of Operation Research in Industry

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Applications of OperationsResearch in an Industry


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Content

Introduction

Area of applications of O.R

Use of O.R in industry Research & Development

Conclusion


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What is Operations Research?


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Areas of applications of O.R

In Defence

In L.I.C

In Agriculture In Planning

In Industry


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Use of O.R in Industry

Production department

Financial department Marketing department

R & D department


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Production Department

Sequencing:

The selection of an appropriate

order which is used to servewaiting customers (jobs) is called

sequencing.


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contd

Inventory Control:

It is defined as any idle resources of an

enterprise.


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Types of Inventory

Transportation Inventories

Buffer Inventories

Anticipation Inventories De-coupling inventories

Lost-size Inventories


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Financial Department

Linear Programming Problem

It is a problem which involve theallocation (allotment) of given number of

resources to the job (activities).


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contd

2 methods of calculating a L.P.P:

The Graphical Method The Simplex Method


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Marketing department

Assignment Problem:

It is special type of L.P.P in which the

objective is to find the optimum allocation ofa number of tasks (jobs) to an equal number

of facilities (persons).


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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.


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Research & Development

Apart from these O.R also play an

important role in R&D Department inProjects.


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Project?

Combination of some activities

which must be executed in a certain

order before the entire task iscompleted.


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Phases of Project Management

There are 3 phases:

Project Planning

Project Scheduling

Project Controlling

PERT

CPM


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Conclusion


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THANK YOU


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Queries

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