QUANTITAIVE

ANALYSIS 2
• Linear programming
• Maximisation of profit
• Minimisation of cost
– Company is having a focus in minimising the cost

• Goal Programming
• Company wants to increase sales in export market
 Operation Research:

• Features of Operational Research:

• Creating Model
• Show important variables in the model
• Symbolizes the Model
• Achieving the Goal
• Quantifying the Model
• Using Mathematical Devices
• Use of Computer
• Interdisciplinary
• Highest Efficiency
• CROMA CERAMIC creates various models and
designs of Tiles on the computer and develop a
physical model of those design on tiles, then this
physical model is been tested, whether the pigments
used for design has the consistency that it will
remain for longer duration. And then the decision
will be taken and Tiles design is finalized, and the
company uses MIS system so the Model can be
shared in the network and all departments.
 Transportation Problem:-
• Types of Transportation Problems
• North-West Corner rule
• Least Cost Method
• Vogel’s Approximation Method(VAM)
• Croma Ceramic uses least cost method as the
company finds this method more feasible
because the company chooses that route
where cost are minimum.