Inventory
Objectives of Inventory Control
To protect against inflation since the prices of materials are constantly increasing. Thus it is important to invest in the inventories… […]
Operation Research
Inventory
Introduction and Definition of Inventory
In a broad sense, inventory may be defined as the stock of goods, commodities or other economic resources that are stored or reserved… […]
Mathpedia
Example of Network Diagram
Activity G has E and F as predecessor activities. This is possible only if nodes 6 and 6′ are one and the same. So, rename node 6′ as node 6. […]
Mathpedia
Disadvantages or Limitations of PERT
Because PERT is a time-focused method, completing projects or activities on time is very important. If this does not occur, a problem may arise. […]
Mathpedia
Advantages of PERT
The project manager can easily schedule project activities with the help of the PERT system. This technique is more active in large, complex projects. […]
Mathpedia
PERT Algorithm in Network Analysis
PERT Algorithm: The following are a summary of the various steps involved in the PERT network for analyzing any project-… […]
Mathpedia
PERT (Program Evaluation and Review Technique)
PERT has become very popular technique used for project planning and control, and spread rapidly across almost all industries. […]
Mathpedia
Critical Path Method (CPM) in Network Analysis
The critical path method (CPM) is used for the computation of the earliest and latest time to get the completion day for a project… […]
Mathpedia
Labeling of a Network Diagram: Fulkerson’s i-j Rule
For convenience, labeling is done on a network diagram. A standard procedure called i-j rule developed by D.R.F Fulkerson is most commonly used for this purpose. […]
Network Analysis
Dangling Error, Looping Error, Redundancy Error in Drawing Network
A dangling error occurs when an activity is disconnected before all activities in a network diagram have been completed. […]