Operations Research(1st Edition)
Authors:
Dr Muppavaram Gowri Shankar Dr Muppavaram Gowri Shankar
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ISBN: B0F3P6N47K
Book publisher: SSM Publication
Book Price $0 : Operations Research Has Gained Wider Acclaim In The Modern Complex Business World. For Every Complex Problem Of An Industry Today, Well Defined Operations Research Tools Are The Solace. Decision Making In Today‘s Social And Business Environment Has Become A Complex Task. Well Structured Problems Are Routinely Optimized At The Operational Level Of Organizations, And Increased Attention Is Now Focused On Broader Tactical And Strategic Issues. To Effectively Address This Problems And Provide Leadership In The Advancing Global Age, Decision Makers Cannot Afforded To Make Decisions By Simply Applying Their Personal Experiences, Guesswork‘s Or Intuitions, Because Consequences Of Wrong Decisions Are Serious And Costly. Hence, An Understanding Of The Applicability Of The Quantitative Methods To Decision Making Is Of Fundamental Importance To Decision Makers. Operations Research Is One Such Tool That Helps In Comparison Of Every Possible Alternative (course Of Action) To Know The Potential Outcomes, Permits Examination Of The Sensitivity Of The Solution To Changes Or Errors. This Unit Introduces The Basics Of Operation Research To Help Students To Get An Overview Of Operations Research And Thereby Help In Better Understanding Of The Subsequent Units.
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