Approaches and Phases of Operation Research in Decision Making
This step includes activities like conferences, site visit, research, observation etc. These activities give sufficient information and support to define the problem. […]
This step includes activities like conferences, site visit, research, observation etc. These activities give sufficient information and support to define the problem. […]
O.R. techniques provide a solution only when all the elements related to a problem can be quantified. Factors that cannot be quantified find no place in O.R. models. […]
The advantages of OR study approach in business and management decision making may be classified as follows… […]
The decisions are taken simply by common sense, judgment and expertise without using any mathematical or any other model in simple situations. […]
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