Skip to main content

Learn Basic Operation Research Concepts From Experts


So far we have shunned the problem of defining accurately what OR are. In order to get a clearer thought of what OR is we shall in fact do some by bearing in mind the particular problem below and then highlight a number of general lessons and concepts from this exact example.

Two Mines Company
The Two Mines Company own two dissimilar mines that produce an ore which, following being crushed, is graded into three classes: high, medium and low-grade. The company has constricted to provide a smelting plant by means of 12 tons of high-grade, 8 tons of medium-grade and 24 plenty of low-grade ore per week. The two mines have dissimilar operating characteristics as full below.

Mine    Cost for each day (£'000)    manufacture (tons/day)                
                                High    Medium    Low
X       180                     6       3         4
Y       160                     1       1         6


 This is obviously a very easy (even simplistic) instance but, as with many things, we have to begin at a simple level in order to progress to a more complicated level.

Guessing

To discover the Two Mines problem further we might simply presume (i.e. use our judgement) how many days per week to work and observe how they turn out.

Work single day a week on X, single day a week on Y

This does not appear like a good guess as it outcome in only 7 tonnes a week of high-grade, inadequate to meet the contract requirement for 12 tonnes of high-grade a week. Such a answer is infeasible.

Work 4 days a week on X, 3 days a week on Y

This appears like a better guess as it results in enough ore to meet the contract. We say that such a answer is feasible. Though it is quite expensive (costly).

Before continue guessing we can move toward the difficulty in a structured rational fashion as below. Reflect for a moment though that actually we would like a solution which provisions what is necessary under the contract at minimum cost. Rationally such a minimum cost solution to this decision problem must exist. Though even if we keep guessing we can never be confident whether we have found this minimum cost resolution or not. Providentially our structured move toward will enable us to find the minimum cost solution.

Online tutors have a lot of knowledge in operation research field and they can clear all concepts of it and also can provide operation research assignment help with their proficiency in a good manner so students prefers assignment help generally to reduce their load. 

Resource article: http://www.expertsmind.net/

Comments

Popular posts from this blog

Awesome Ways To Kick-Start Your Creativity

     The brain power is exhausting so much on paper, projects and exams, that’s typical for our well of creativity to run dry and if it does then it’s essential to identify how we can restock it by motivation to reignite that creative spark. Tutorsglobe is releasing pressure of these hectic schedule providing extremely talented tutor's service.             Have you experienced writer’s block, suffered through a dry spell or had your creativity completely flat line? There is don’t matter what profession you’re in or where you are in life, there will be times when your capability to make something new hits the wall. every and any creative juices that were once flowing dry up and you find yourself struggling to create something… just anything.              Brain impairment can affect at any time and in any situation, but generally bring up its ugly head when t...

Improvement and excellence in Higher Education

A lot is varying in higher education. Most essentially, apprentice themselves are changing. Subsequent to long decades of ruling out, college access has extended opportunities for minority students, first-generation students and low-income students. In this year students are more probable to attend community college than any other postsecondary alternative and more probable to be older and living away from campus and may be joining part-time while balancing work as well as family. The symbolic picture of an 18-year-old high school graduate walking across a blossoming campus toward her dorm room no longer reflects the actuality of today’s college student. Institutions of higher education are act in response to these changes, partially by making course delivery more pliable. Technology has prepared this even further possible, introducing teaching as well as learning that is less forced by time and place. Technology is as well making new kinds of embedded assessment and adaptive curriculu...

Contribution of Quantitative Techniques to Managerial Economics

 Contribution of Quantitative Techniques to Managerial Economics   Mathematical Economics and Econometrics are utilised to construct and estimate decision models useful in determining the optimal behaviour of a firm. The former helps to express economic theory in the form of equations while the latter applies statistical techniques and real world data to economic problems. Like, regression is applied for forecasting and probability theory is used in risk analysis. In addition to this, economists use various optimisation techniques, such as linear programming, in the study of behaviour of a firm. They have also found it most efficient to express their models of behaviour of firms and consumers in terms of the symbols and logic of calculus. Thus, Managerial Economics deals with the economic principles and concepts, which constitute 'Theory of the Firm'. The subject is a synthesis of economic theory and quantitative techniques to solve managerial decision problems. It is rn...