Operations management class lectures_97924652-Operations-Research-Lecture-Series

Content type

User Generated

Subject

Business

Type

Note

Uploaded By

qbpznfgre1

Pages

488

Rating

Sign up to view the full document!

Sign up to view the full document!

Sign up to view the full document!

End of Preview - Want to read all 488 pages?

Unformatted Attachment Preview

www.jntuworld.com Unit 1 Introduction to Operational Research Lesson 1: Introduction to Operational Research Introduction to Operational Research This teaching module is designed to be an entertaining and representative introduction to the subject of Operational Research. It is divided into a number of sections each covering different aspects of OR. What is Operational Research? This looks at the characteristics of Operational Research, how you define what OR is and why organisations might use it. It considers the scientific nature of OR and how it helps in dealing with problems involving uncertainty, complexity and conflict. 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 optimising. Battle of the Atlantic Considers the origins of OR in the British military and looks at how OR helped to ensure the safety of merchant ships during the "Battle of the Atlantic" in World War II. Introduction to OR Terminology The British/Europeans refer to "operational research", the Americans to "operations research" - but both are often shortened to just "OR" (which is the term we will use). Another term which is used for this field is "management science" ("MS"). The Americans sometimes combine the terms OR and MS together and say "OR/MS" or "ORMS". Yet other terms sometimes used are "industrial engineering" ("IE") and "decision science" ("DS"). In recent years there h ...
Purchase document to see full attachment

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Review

Review

Anonymous

Just the thing I needed, saved me a lot of time.

Studypool

4.7

Indeed

4.5

Sitejabber

4.4

24/7 Study Help

Stuck on a study question? Our verified tutors can answer all questions, from basic math to advanced rocket science!

G010 Walden University Project Performance Measurement Paper

the Rubric is the foremost and important guidelinen to acheive this assignment. pleases follow all the way.

G010 Walden University Project Performance Measurement Paper

the Rubric is the foremost and important guidelinen to acheive this assignment. pleases follow all the way.

Lawsuit for Negligence In Aircraft Accidents Paper

A commercial aircraft flying on an international flight across the pond toward Europe suddenly disappears from radar. Ther ...

Lawsuit for Negligence In Aircraft Accidents Paper

A commercial aircraft flying on an international flight across the pond toward Europe suddenly disappears from radar. There were no other planes located in the area nor was there any inclement weather. Nothing, not even the slightest blip, showed up on radar at the time the plane disappeared. Approximately twenty-four hours after the disappearance, fishermen reported debris from what appeared to be an airplane. Investigators were dispatched and determined that the plane itself had crashed into the ocean. No one survived. What was left of the plane itself is located minimum of 2 miles under water. Very few small floating objects remain. Investigators were hopeful that the "black box" might provide evidence of what occurred, but because it is in the fuselage 2 miles down is not recoverable. Further investigation shows that the plane had all proper maintenance, with no problems or concerns, and that the flight crew was experienced, sober, and rested prior to the flight. Tim's wife was a passenger on the plane, and he wants to sue. Can he successfully bring a lawsuit for negligence? If so, how? If not, why? Explain.

3 pages

Great Lakes chemical corporation has become a monopolistic operator of TEL corporations and one of the most significant co ...

Great Lakes chemical corporation has become a monopolistic operator of TEL corporations and one of the most significant controllers of lead additives ...

Criminal Justice Administrators - Lawbreakers questions

Criminal justice administrators must be aware that the public maintains great interest in the operation of their agencies. ...

Criminal Justice Administrators - Lawbreakers questions

Criminal justice administrators must be aware that the public maintains great interest in the operation of their agencies. Particularly when dangerous lawbreakers are involved, mistakes can be costly, and are reported publicly.To what extent does an agency’s dependence on public opinion impede or encourage planned change?What changes should the management of a troubled correctional facility make to keep the employees happy and prevent the public from going against the facility?Provide an example of a significant research study done in the criminal justice field. How have the results of this research study revolutionized the working of the criminal justice system?What are the positive effects of research in the criminal justice profession since the President’s Commission in 1967? What are the negative effects?

Module 01 Course Project - Recommendation

For this part of the course project, you will demonstrate your ability to illustrate the functions and impact of banking a ...

Module 01 Course Project - Recommendation

For this part of the course project, you will demonstrate your ability to illustrate the functions and impact of banking and monetary institutions and to provide a recommendation guided by them. In your role as a financial advisor at Eagle Consulting, you are performing a complete financial analysis for Melinda Jacobsen, a successful business executive who is retiring in 10 years. A portion of this analysis covers the question of whether Ms. Jacobsen should refinance her home in order to provide additional funding for a long-term retirement investment. Because "above and beyond" customer service is critical to the success of Eagle Consulting, in addition to providing a recommendation on possible refinancing options, you want to provide Ms. Jacobsen with some background information on the Federal Reserve and how it affects interest rates. Using the information about Melinda Jacobsen's goals and the information you uncover during your research, you will write a recommendation document that explains the Federal Reserve, how the Federal Reserve affects interest rates, possible loan options, and a final recommendation for what loan she should choose. To complete this assignment, do the following: Download and read the Eagle Consulting Info Sheet. Write a 3 page recommendation structured in three parts: Explanation of how the Federal Reserve impacts interest rates (1.5 pages) Explanation of loan options (1 page + Excel chart) Recommendation for a loan (.5 page) See below for details on each of the three parts. Part 1: Federal Reserve's Impact on Interest Rates Discuss how the Federal Reserve uses the following tools to impact interest rates and the economy: Open market operations Discount rate Reserve requirements Part 2: Loan Options Research the current mortgage interest rates for a 10-year, 15-year, 20-year, and 30-year loan. In Excel, graph the interest rates using years as the X-axis and interest rates as the Y-axis. Using the graph, describe the following: Type of yield curve presented in the graph Relationship between interest rates and number of years to maturity Impact that risk and inflation has on the interest rates as the maturity date is lengthened Part 3: Recommendation Make a recommendation to Ms. Jacobsen on what mortgage loan to take (10-year, 15-year, 20-year, or 30-year). Justify your recommendation.

6 pages

Ortiz Martinez Pp Ch03 Grader 3g Hw Travel

vistas are a few of the things you can expect to see when you

Ortiz Martinez Pp Ch03 Grader 3g Hw Travel

vistas are a few of the things you can expect to see when you

Similar Documents

Columbia University ?Community Engagement Tool Presentation

Community Engagement Tool PPT and speak notes, your ppt must be clear and meet all the requirements Check out the amount...

Discussion board assignment

Discuss an article from a recent Project Management journal or publicationPlz see the Instruction in the attachment below....

MGT 401 SEU Tesla Motors Inc and Vodafone Questions

The Primary Stock Markets in Saudi Arabia Discussion

Data Source and Methodology. Results and Conclusions. References. Guidelines : - should determine how to approac...

What is a problem that deals with sports disabilities?

What is a problem that deals with sports disabilities, coaching education, or administration in physical education? Only p...

Anthem College Irving Suggestion of a Nash Equilibrium Discussion

: "boeing"1. Minimum of 5 pages, double spaced…all papers need to be stapled2. Must include all references used in the p...

Presentation To Lender

Kristin Raina Interior Designs is seeking for a loan from a lender and was asked to prepare a proforma income statement....

Student 2 Reply

The post on contract procedures for government and businesses is very true. Most businesses operate independently with a g...

Order 001 600 .edited 1

This paper is a case study on how over time, airlines and travel companies have struggled to improve and come up with a sy...

Study help

Our tutors provide high quality explanations & answers.

Post question

G010 Walden University Project Performance Measurement Paper

the Rubric is the foremost and important guidelinen to acheive this assignment. pleases follow all the way.

G010 Walden University Project Performance Measurement Paper

the Rubric is the foremost and important guidelinen to acheive this assignment. pleases follow all the way.

Lawsuit for Negligence In Aircraft Accidents Paper

A commercial aircraft flying on an international flight across the pond toward Europe suddenly disappears from radar. Ther ...

Lawsuit for Negligence In Aircraft Accidents Paper

A commercial aircraft flying on an international flight across the pond toward Europe suddenly disappears from radar. There were no other planes located in the area nor was there any inclement weather. Nothing, not even the slightest blip, showed up on radar at the time the plane disappeared. Approximately twenty-four hours after the disappearance, fishermen reported debris from what appeared to be an airplane. Investigators were dispatched and determined that the plane itself had crashed into the ocean. No one survived. What was left of the plane itself is located minimum of 2 miles under water. Very few small floating objects remain. Investigators were hopeful that the "black box" might provide evidence of what occurred, but because it is in the fuselage 2 miles down is not recoverable. Further investigation shows that the plane had all proper maintenance, with no problems or concerns, and that the flight crew was experienced, sober, and rested prior to the flight. Tim's wife was a passenger on the plane, and he wants to sue. Can he successfully bring a lawsuit for negligence? If so, how? If not, why? Explain.

3 pages

Great Lakes chemical corporation has become a monopolistic operator of TEL corporations and one of the most significant co ...

Great Lakes chemical corporation has become a monopolistic operator of TEL corporations and one of the most significant controllers of lead additives ...

Criminal Justice Administrators - Lawbreakers questions

Criminal justice administrators must be aware that the public maintains great interest in the operation of their agencies. ...

Criminal Justice Administrators - Lawbreakers questions

Criminal justice administrators must be aware that the public maintains great interest in the operation of their agencies. Particularly when dangerous lawbreakers are involved, mistakes can be costly, and are reported publicly.To what extent does an agency’s dependence on public opinion impede or encourage planned change?What changes should the management of a troubled correctional facility make to keep the employees happy and prevent the public from going against the facility?Provide an example of a significant research study done in the criminal justice field. How have the results of this research study revolutionized the working of the criminal justice system?What are the positive effects of research in the criminal justice profession since the President’s Commission in 1967? What are the negative effects?

Module 01 Course Project - Recommendation

For this part of the course project, you will demonstrate your ability to illustrate the functions and impact of banking a ...

Module 01 Course Project - Recommendation

For this part of the course project, you will demonstrate your ability to illustrate the functions and impact of banking and monetary institutions and to provide a recommendation guided by them. In your role as a financial advisor at Eagle Consulting, you are performing a complete financial analysis for Melinda Jacobsen, a successful business executive who is retiring in 10 years. A portion of this analysis covers the question of whether Ms. Jacobsen should refinance her home in order to provide additional funding for a long-term retirement investment. Because "above and beyond" customer service is critical to the success of Eagle Consulting, in addition to providing a recommendation on possible refinancing options, you want to provide Ms. Jacobsen with some background information on the Federal Reserve and how it affects interest rates. Using the information about Melinda Jacobsen's goals and the information you uncover during your research, you will write a recommendation document that explains the Federal Reserve, how the Federal Reserve affects interest rates, possible loan options, and a final recommendation for what loan she should choose. To complete this assignment, do the following: Download and read the Eagle Consulting Info Sheet. Write a 3 page recommendation structured in three parts: Explanation of how the Federal Reserve impacts interest rates (1.5 pages) Explanation of loan options (1 page + Excel chart) Recommendation for a loan (.5 page) See below for details on each of the three parts. Part 1: Federal Reserve's Impact on Interest Rates Discuss how the Federal Reserve uses the following tools to impact interest rates and the economy: Open market operations Discount rate Reserve requirements Part 2: Loan Options Research the current mortgage interest rates for a 10-year, 15-year, 20-year, and 30-year loan. In Excel, graph the interest rates using years as the X-axis and interest rates as the Y-axis. Using the graph, describe the following: Type of yield curve presented in the graph Relationship between interest rates and number of years to maturity Impact that risk and inflation has on the interest rates as the maturity date is lengthened Part 3: Recommendation Make a recommendation to Ms. Jacobsen on what mortgage loan to take (10-year, 15-year, 20-year, or 30-year). Justify your recommendation.

6 pages

Ortiz Martinez Pp Ch03 Grader 3g Hw Travel

vistas are a few of the things you can expect to see when you

Ortiz Martinez Pp Ch03 Grader 3g Hw Travel

vistas are a few of the things you can expect to see when you