bnepathshala

  Operation Research Decision making in business and industry is extremely difficult since the world is full of uncertainty. In past, businessmen generally make their decisions with experience or intuition but in this world it does not make any sense. They realized that in this way they are net able to make an effective decision so that they need   some scientific methods which help them to take an appropriate decision in a particular, situation. Every organization has limited resources. Operations research provides the solution that how to optimum utilizes scarce resources? Operations research provides   a facility to, decision maker to evaluate the given problems, identify the alternative solutions, recognize the constraints and then assist the decision maker to have the best possible solution available as optimal solution.   Definition of OR 1. Operations Research is a scientific method of providing executive departments with a quantitative basis for decision regarding the