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QT II Introduction & LPP
QT II Introduction & LPP
QT II Introduction & LPP
Operations Research
BEGINNING
Operations Research (OR) started just before World
War II in Britain with the establishment of
teams of scientists to study the strategic and tactical
problems involved in military operations.
The objective was to find the most effective
utilization of limited military resources by the use of
quantitative techniques.
OR
Operational Research is a systematic and analytical
approach to decision making and problem solving.
It is concerned with determining the maximum
profit, sale, output, crops yield and efficiency.
Minimum losses, risks, cost and time of some
objective function.
METHODOLOGY/STEPS OF OR
Problem Formulation
Model building
Data collection
Data Analysis
Coding
Experimental Design
Analysis of results
TECHNIQUES/TOOLS/MODELS OF
OR
Linear Programming
Queuing Theory
Sequencing
Transportation Problems
Assignment Problems
Replacement Problems
CONCEPT
"OR is the representation of real-world systems by
mathematical models together with the use of
quantitative methods (algorithms) for solving such
models, with a view to optimizing.“
A mathematical model consists of:
Decision variables - the unknowns to be determined
Constraints - the physical limitations of the system
An objective function
An optimal solution to the model - identification of a
set of variable values which are feasible (satisfy all
the constraints) and which lead to the optimal
value of the objective function.
Linear Programming
Linear Programming
Objectives
To understand the meaning of LP
To understand the general form of LPP
To get practical exposure into Graphical Method
To get practical exposure into Simplex Method
Introduction
When allocation of limited resources to various
activities - to maximize profit or minimize cost.
LPP is one in which we are to find the maximum or
minimum value of a linear expression.
To find the optimal value/ optimal solution.
Linear Programming
It is a mathematical technique which involves the
allocation of limited resources in an optimal manner,
on the basis of a given criterion of optimality.
Elements
1. Variables (also called decision variables): -
The values of the variables are not known when you
start the problem.
The variables usually represent things that you can
adjust or control.
Example; the rate at which to manufacture items.
Elements
2. Objective function:-
This is a mathematical expression that combines the