Linear programming, transportation problem, assignment problem, network analysis, queuing theory, and optimization.
Chapter 1 : Introduction to Operation Research
Organizations face a persistent problem: they have limited resources and multiple ways to use them. A factory has a fixed number of machine hours but can produc…
Chapter 2 : Linear Programming Problem
1. Introduction to Linear Programming Linear programming is a mathematical optimization technique used to allocate limited resources among competing activities…
Chapter 3 : Transportation and Assignment Problem
The previous unit established Linear Programming as a general tool for allocating scarce resources. However, when a business problem involves moving physical go…
Chapter 4: Queuing Theory
Waiting lines are a universal feature of systems where demand for a service periodically exceeds the capacity to provide it. The mathematical study of these wai…
Chapter 5 : Inventory Control
Every physical product a business sells begins as a collection of materials. Before a customer buys a finished good, the organization must source, store, proces…
Chapter 6 : Replacement Theory
Every physical asset eventually fails, loses efficiency, or becomes too expensive to keep running. In industrial operations, deciding exactly when to retire a m…
Chapter 7 : Game Theory
In traditional decision models, an individual decision-maker selects an action against a passive environment. The environment does not actively attempt to defea…