The Role of Operation Research in Product-Mix Determination
Autor: ronyroy009 • October 19, 2016 • Research Paper • 10,565 Words (43 Pages) • 940 Views
The Role of Operation Research
In
Product-Mix Determination
Course Title: Operation Research.
Course Code: 041
Submitted by:
Rony Roy – ID no, 153-126-006
Jahangir Hussain – ID no, 153-126-005
Table of Contents:
1. Acknowledgement:............................................................. 3
2. Objectives.......................................................................... 4
3. Exclusive summary............................................................ 5
4. Introduction........................................................................ 6
5. Origin and History of Operations Research in Brief........... 7
5.1 Bringing History, OR/MS and Analytics Together............ 9
5.2 The Operational Research Society today........................ 10
6. The Product........................................................................ 11
6.1 Product Mix.................................................................... 13
6.2 Product Mix Problem..................................................... 14
6.3 How to Determine an Optimal Product Mix................... 15
6.4 Factors Affecting Product Mix Determination................ 17
7. The Role of Operations Research in Product Mix
Determination................................................................... 19
7.1 Modeling a product-mix determination problem.............19
8. Discussion....................................................................... 25
9. A short case study of M&S plan A product-mix
determination. Operation research playing a decent
role in it........................................................................... 33
9.1 M&S Today................................................................... 36
10. Conclusion.................................................................... 42
Reference............................................................................ 43
1. Acknowledgement:
As any good work is incomplete without acknowledging the people who made it possible, this acknowledgement is incomplete without thanking our family, friends, and our faculty, without whose support this project wouldn’t have taken shape.
Since we have joined Metropolitan University, we have gained so much knowledge, which has been possible due to the well-managed education imparted to us under conditions, which are quite conducive to learning, at our university.
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