Resource management class lectures_128090682-DMC-1752-Resource-Management-Techniques

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RESOURCE MANAGEMENT TECHNIQUESNOTESUNIT ICHAPTER 1GENERAL FEATURES OFO PERATIO NS RESEARCH1.1 INTRODUCTIONThe origins of the subject of Operations Research often abbreviated as O.R., dateback to the Second World War (1939 - 1945) of the last century. During the war, the alliesU.K. and U.S.A. engaged groups of scientists belonging to different disciplines, in order tourgently evolve scientific approach to methodologies f allocation of scarce resourcesrequired for different activities in drawing up effective tactical and strategic operationalplans. It is claimed that the recommendations of these groups led to victories in severaltheatres of the war.With the end of the war in the year 1945, these countr witnessed industrial boomwith the aid of newly invented technologies. The growi industries facing increasingcomplexities of their activities had to seek consultan y from such scientists who had workedin O.R. groups during the war. This was due to gradual awareness that industrial andbusiness activities, in essence, were of similar nature as were encountered in the militaryoperations. Actually during this period the subject of Operations Research acquired definitiveshape. Beginning with the pioneering work of the mathematician G.B.Dantzig during 1947- 1948, most of the methods of O.R. were in place by the end of the next decade. Insucceeding decades intensive development of the subjec has taken place with the discoveryof newer more efficient methods, trea

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